Anu Pillai - Jun 10, 2023 Form 4/A - Amendment Insider Report for Direct Digital Holdings, Inc. (DRCT)

Role
Chief Technology Officer
Signature
/s/ Keith W. Smith, Attorney-in-fact for Anu Pillai
Stock symbol
DRCT
Transactions as of
Jun 10, 2023
Transactions value $
-$5,922
Form type
4/A - Amendment
Date filed
8/23/2023, 09:31 PM
Date Of Original Report
Jun 13, 2023
Previous filing
Mar 22, 2023
Next filing
Mar 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 +6.22K 6.22K Jun 10, 2023 Direct F1
transaction DRCT Class A Common Stock Tax liability -$5.92K -1.82K -29.31% $3.25 4.39K Jun 10, 2023 Direct F2

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 -6.22K -33.33% $0.00 12.4K Jun 10, 2023 Class A Common Stock, par value $0.001 per share 4.59K Direct F1, F3
* 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 Due to administrative error, the withholding of shares to satisfy the tax liability incident to the vesting of the restricted stock unit was inadvertently omitted from the original version of this report.
F3 On June 10, 2022, the reporting person was granted 18,650 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 June 10, 2023, an additional 33% will vest on June 10, 2024, and the remaining balance of 34% of the restricted stock units will vest on June 10, 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).