Susan Echard - 20 Mar 2023 Form 4 Insider Report for Direct Digital Holdings, Inc. (DRCT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
22 Mar 2023, 17:00:30 UTC
Prior SEC filing
21 Jun 2022
Next SEC filing
01 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Susan Echard

Key filing fact

Susan Echard filed Form 4 for Direct Digital Holdings, Inc. (DRCT) on 22 Mar 2023.

Key facts

  • This page summarizes Susan Echard's Form 4 filing for Direct Digital Holdings, Inc. (DRCT).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 22 Mar 2023, 17:00.

Change

  • Previous filing in this sequence was filed on 21 Jun 2022.
  • 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

Reported derivative securities

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

DRCT transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+6,315
Change %
Price
$0.000000
Shares after
6,315
Date
20 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock, par value $0.001 per share
Underlying amount
6,315
Exercise price
Footnotes
F1, F2
DRCT transaction Derivative

Employee Stock Options (right to buy)

Award

Transaction value
$0
Shares
+6,315
Change %
Price
$0.000000
Shares after
6,315
Date
20 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock, par value $0.001 per share
Underlying amount
6,315
Exercise price
$3.96
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

The restricted stock units will vest in three equal annual installments, beginning on March 20, 2024. 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).

Footnote F3

This option is scheduled to vest in three equal annual installments beginning on March 20, 2024.

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