Maria Vilchez Lowrey - Aug 22, 2024 Form 4 Insider Report for Direct Digital Holdings, Inc. (DRCT)

Signature
/s/ Mark Walker, attorney-in-fact for Maria Vilchez Lowrey
Stock symbol
DRCT
Transactions as of
Aug 22, 2024
Transactions value $
$0
Form type
4
Date filed
8/26/2024, 08:39 PM
Previous filing
Aug 27, 2024
Next filing
Sep 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRCT Class A Common Stock Options Exercise +3.9K +33.65% 15.5K Aug 22, 2024 Direct F1

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 Options Exercise $0 -3.9K -50% $0.00 3.9K Aug 22, 2024 Class A Common Stock, par value $0.001 per share 3.9K 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 On August 22, 2022, the reporting person was granted 11,700 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33% of the restricted stock units vested on August 22, 2023, an additional 33% of the restricted stock units vested on August 22, 2024, and the remaining balance of 34% of the restricted stock units will vest on August 22, 2025. 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).