Form 4 for DRCT Direct Digital Holdings, Inc.
Accepted 2025-10-02 00:00:00 ET · period of report 2025-09-11 · accession 0001897454-25-000003 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-10-02 | 2025-09-11 | DRCT | Direct Digital Management, LLC | 10% | C - Cnv Deriv | — | +872.5K | 872.5K | New | — |
| D | 2025-10-02 | 2025-09-11 | DRCT | Direct Digital Management, LLC | 10% | J - Other | $0.00 | -872.5K | 0 | -100% | $0 |
| D | 2025-10-02 | 2025-09-11 | DRCT | Direct Digital Management, LLC | 10% | C - Cnv Deriv | $0.00 | -872.5K | 9.58M | -8% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock, par value $0.001 per share | 2025-09-11 | C | A | 872,500 | — | 872,500 | D | — | — | (F1) Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Direct Digital Holdings LLC, dated as of February 15, 2022, Class A Common Units (as defined therein) held by the Reporting Person are exchangeable for shares of Class A Common Stock on a one-for-one basis, subject to certain exceptions, conditions and adjustments. The Class A Common Units have no expiration date. At the time of any such exchange, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, which have no economic value and entitle holders thereof to one vote per share on all matters on which stockholders of the Issuer are entitled to vote generally, are cancelled. |
| 2 | Common | Class A Common Stock, par value $0.001 per share | 2025-09-11 | J | D | 872,500 | $0.00 | 0 | D | — | — | |
| 3 | Derivative | Class A Common Units of Direct Digital Holdings LLC | 2025-09-11 | C | D | 872,500 | $0.00 | 9,575,500 | D | — · — to — | 872,500 Class A Common Stock, par value $0.001 per share | (F1) Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Direct Digital Holdings LLC, dated as of February 15, 2022, Class A Common Units (as defined therein) held by the Reporting Person are exchangeable for shares of Class A Common Stock on a one-for-one basis, subject to certain exceptions, conditions and adjustments. The Class A Common Units have no expiration date. At the time of any such exchange, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, which have no economic value and entitle holders thereof to one vote per share on all matters on which stockholders of the Issuer are entitled to vote generally, are cancelled. |