Filing Details

Accession Number:
0001628280-25-002847
Form Type:
4
Zero Holdings:
No
Publication Time:
2025-01-28 17:32:44
Reporting Period:
2025-01-16
Accepted Time:
2025-01-28 17:32:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1880613 Direct Digital Holdings Inc. DRCT Services-Advertising (7310) 872306185
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1960753 Mistelle Locke 1177 West Loop South, Suite 1310
Houston TX 77027
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, Par Value $0.001 Per Share Acquisiton 2025-01-16 7,246 $0.00 37,447 No 4 M Direct
Class A Common Stock, Par Value $0.001 Per Share Disposition 2025-01-16 1,773 $1.30 35,674 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock, Par Value $0.001 Per Share Restricted Stock Units Acquisiton 2025-01-16 7,246 $0.00 7,246 $0.00
Class A Common Stock, Par Value $0.001 Per Share Restricted Stock Units Acquisiton 2025-01-24 20,000 $0.00 20,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
7,246 No 4 M Direct
20,000 No 4 A Direct
Footnotes
  1. Each restricted stock unit represents a contingent right to one share of DRCT's Class A Common Stock, par value $0.001 per share, upon settlement.
  2. Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units for 7,246 shares.
  3. On January 16, 2023, the reporting person was granted 21,739 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33 percent of the restricted stock units vested on January 16, 2024, an additional 33 percent vested on January 16, 2025, and the remaining balance of 34 percent of the restricted stock units will vest on January 16, 2026. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the Direct Digital Holdings, Inc. 2022 Omnibus Incentive Plan).
  4. Grant of restricted stock units under the Direct Digital Holdings, Inc. 2022 Omnibus Incentive Plan. The restricted stock units will vest one year from the date of grant conditioned on continued service as of the vesting date.