Mark D. Walker - 17 Dec 2025 SCHEDULE 13D/A Report for Direct Digital Holdings, Inc. Class A Common Stock, par value $0.001 per share, of the Issuer. (DRCT)

Filing Manager: Mark D. Walker
Reporting Manager: Smith, Keith
Security: Direct Digital Holdings, Inc. Class A Common Stock, par value $0.001 per share, of the Issuer.
Symbol: DRCT
Shares outstanding: 78,410,857 shares
Disclosed Ownership: 9,879,768 shares
Ownership: 13%
Form type: SCHEDULE 13D/A
Filing time: 19 Dec 2025, 16:01:07 UTC
Date of event: 17 Dec 2025
Previous filing: 12 Aug 2025
SEC: View on sec.gov

Reporting Managers (5)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
Direct Digital Management, LLC	11%	9,275,500	9,275,500	0	AA	Director of Financial Reporting	0001897454
AJN Energy & Transport Ventures, LLC	12%	9,575,500	300,000	9,275,500	AA	Director of Financial Reporting
SKW Financial LLC	12%	9,732,558	457,058	9,275,500	AA	Director of Financial Reporting
Smith, Keith	13%	9,879,768	147,210	9,732,558	AA	Director of Financial Reporting	0001203452
Walker, Mark D.	12%	9,656,340	80,840	9,575,500	AA	Director of Financial Reporting	0001896664