Antoinette Renee Leatherberry - Jun 10, 2022 Form 4 Insider Report for Direct Digital Holdings, Inc. (DRCT)

Role: Director
Signature: /s/ Susan Echard, Attorney-in-fact for Antoinette Renee Leatherberry
Stock symbol: DRCT
Transactions as of: Jun 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/13/2022, 04:59 PM
Previous filing: Feb 17, 2022
Next filing: Feb 10, 2023

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	+49.4K		$0.00	49.4K	Jun 10, 2022	Class A Common Stock, par value $0.001 per share	49.4K		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 annual installments, with 33% to vest on each of the first and second anniversary of the grant date and the remaining 34% to vest on the third anniversary of the grant date. Vesting will be accelerated upon certain termination of service events and upon a "Change in Control" (as defined in the Direct Digital Holdings, Inc. 2022 Omnibus Incentive Plan).

Content

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.

The restricted stock units will vest in three annual installments, with 33% to vest on each of the first and second anniversary of the grant date and the remaining 34% to vest on the third anniversary of the grant date. Vesting will be accelerated upon certain termination of service events and upon a "Change in Control" (as defined in the Direct Digital Holdings, Inc. 2022 Omnibus Incentive Plan).