Mark D. Walker - 27 Aug 2026 Form 4 Insider Report for Direct Digital Holdings, Inc. (DRCT)

Reporting relationship: Chairman and CEO, Director
Issuer ticker: DRCT
Reported as of: 27 Aug 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 28 Aug 2026, 19:37:08 UTC
Prior SEC filing: 29 Jun 2026
Next SEC filing: 03 Sep 2026
Source filing: View source filing
Reporting owner signature: /s/ Mark Walker

Key filing fact

Mark D. Walker filed Form 4 for Direct Digital Holdings, Inc. (DRCT) on 28 Aug 2026.

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: 28 Aug 2026, 19:37.

Change

Previous filing in this sequence was filed on 29 Jun 2026.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001896664 Primary reporting owner

Walker Mark D

Relationship: Chairman and CEO, Director
Address: C/O DIRECT DIGITAL HOLDINGS, INC., 1177 WEST LOOP SOUT, SUITE 1300, HOUSTON
Signature: /s/ Mark Walker
Signature date: 28 Aug 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DRCT transaction

Class A Common Stock, par value $0.001 per share

Conversion of derivative security

Transaction value
Shares: +10,000
Change %
Price
Shares after: 10,000
Date: 27 Aug 2026
Ownership: By AJN Energy & Transport Ventures, LLC
Footnotes: F1

DRCT holding

Class A Common Stock, par value $0.001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 221
Date: 27 Aug 2026
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
Shares: -10,000
Change %: -47%
Price: $0.000000^*
Shares after: 11,279
Date: 27 Aug 2026
Ownership: By Direct Digital Management, LLC
Underlying class: Class A Common Stock, par value $0.001 per share
Underlying amount: 10,000
Exercise price
Footnotes: F1, F2

^* 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

On January 12, 2026, Direct Digital Holdings, Inc. effected a 55-to-1 reverse stock split and subsequently on April 27, 2026, the Company effected a 4-to-1 reverse stock split (collectively, the "Reverse Stock Splits"). The Class A Common Units held by the Reporting Person had been adjusted as a result of the Reverse Stock Splits.