Echard Susan 4
4 · Direct Digital Holdings, Inc. · Filed Jun 13, 2022
Insider Transaction Report
Form 4
Echard Susan
Chief Financial Officer
Transactions
- Award
Employee Stock Options (right to buy)
2022-06-10+13,900→ 13,900 totalExercise: $1.62Exp: 2032-06-10→ Class A Common Stock, par value $0.001 per share (13,900 underlying) - Award
Restricted Stock Units
2022-06-10+13,900→ 13,900 total→ Class A Common Stock, par value $0.001 per share (13,900 underlying)
Footnotes (3)
- [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]The restricted stock units will vest in three annual installments, with 33% to vest on each of the first and second anniversary of the grant date and the remaining 34% to vest on the third anniversary of the grant date. 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).
- [F3]This option is scheduled to vest in three equal annual installments beginning on June 10, 2023.