Mark D. Walker - 15 Feb 2022 Form 3 Insider Report for Direct Digital Holdings, Inc. (DRCT)

Reporting relationship: Chairman and CEO, Director, 10%+ Owner
Issuer ticker: DRCT
Reported as of: 15 Feb 2022
Net transaction value: $0
SEC form: 3
Accepted by SEC: 17 Feb 2022, 16:19:31 UTC
Next SEC filing: 13 Jun 2022
Source filing: View source filing
Reporting owner signature: /s/ Susan Echard, Attorney-in-fact for Mark D. Walker

Filing notes and source

Key filing fact

Mark D. Walker filed Form 3 for Direct Digital Holdings, Inc. (DRCT) on 17 Feb 2022.

Key facts

This page summarizes Mark D. Walker's Form 3 filing for Direct Digital Holdings, Inc. (DRCT).
0 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Feb 2022, 16:19.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DRCT holding Derivative

Class A Common Units of Direct Digital Holdings LLC

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 15 Feb 2022
Ownership: By Direct Digital Management LLC
Underlying class: Class A Common Stock
Underlying amount: 5,689,000
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote 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 (indirectly through the Reporting Person's ownership interest in Direct Digital Management LLC) 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.

SEC remarks

Exhibit 24 - Power of Attorney