Key facts
- This page summarizes Mark D. Walker's Form 4 filing for Direct Digital Holdings, Inc. (DRCT).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 07 Dec 2023, 19:58.
Mark D. Walker - 05 Dec 2023 Form 4 Insider Report for Direct Digital Holdings, Inc. (DRCT)
- Reporting relationship
- Chairman and CEO, Director, 10%+ Owner
- Issuer ticker
- DRCT
- Reported as of
- 05 Dec 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Dec 2023, 19:58:54 UTC
- Prior SEC filing
- 23 Aug 2023
- Next SEC filing
- 13 Mar 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mark D. Walker
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Filing notes and source
Key filing fact
Mark D. Walker filed Form 4 for Direct Digital Holdings, Inc. (DRCT) on 07 Dec 2023.
Change
- Previous filing in this sequence was filed on 23 Aug 2023.
- 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
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DRCT
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +200,000
- Change %
- Price
- Shares after
- 200,000
- Date
- 05 Dec 2023
- Ownership
- By AJN Energy & Transport Ventures, LLC
- Footnotes
- F1, F2
DRCT
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 15,356
- Date
- 05 Dec 2023
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DRCT
transaction
Derivative
Class A Common Units of Direct Digital Holdings LLC
Conversion of derivative security
- Transaction value
- $0
- Shares
- -200,000
- Change %
- -3.5%
- Price
- $0.000000
- Shares after
- 5,489,000
- Date
- 05 Dec 2023
- Ownership
- By Direct Digital Management, LLC
- Underlying class
- Class A Common Stock, par value $0.001 per share
- Underlying amount
- 200,000
- 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 2 footnotes
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.
Footnote F2
Upon receipt of the securities converted from Table II, Direct Digital Management, LLC distributed 200,000 shares of Class A Common Stock to one of its members, AJN Energy & Transport Ventures, LLC, for no consideration. The Reporting Person, as owner of AJN Energy & Transport Ventures, LLC and a Managing Partner of Direct Digital Management, LLC, may be deemed to have beneficial ownership of the securities directly held by AJN Energy & Transport Ventures, LLC and Direct Digital Management, LLC.