Mistelle Locke - Jun 12, 2023 Form 4 Insider Report for Direct Digital Holdings, Inc. (DRCT)

Role
Director
Signature
/s/ Mark D. Walker, Attorney-in-fact for Mistelle Locke
Stock symbol
DRCT
Transactions as of
Jun 12, 2023
Transactions value $
$0
Form type
4
Date filed
6/13/2023, 06:32 PM
Previous filing
Jan 18, 2023
Next filing
Jan 22, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRCT Restricted Stock Units Award $0 +24.6K $0.00 24.6K Jun 12, 2023 Class A Common Stock, par value $0.001 per share 24.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The restricted stock units will vest in three equal annual installments on each of the first, second and third anniversaries of the grant date. 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).