4//SEC Filing
Direct Digital Management, LLC 4
Accession 0001104659-22-096096
CIK 0001880613other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 5:01 PM ET
Size
10.0 KB
Accession
0001104659-22-096096
Insider Transaction Report
Form 4
Direct Digital Management, LLC
10% Owner
Transactions
- Conversion
Class A Common Units of Direct Digital Holdings LLC
2022-08-26−100,000→ 11,278,000 total→ Class A Common Stock (100,000 underlying) - Conversion
Class A Common Stock
2022-08-26+100,000→ 100,000 total - Other
Class A Common Stock
2022-08-26−100,000→ 0 total
Footnotes (3)
- [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 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.
- [F2]The Reporting Person distributed 100,000 shares of Class A Common Stock to one of its members for no consideration.
- [F3]Due to an administrative error, the number of derivative securities beneficially owned by the Reporting Person was incorrectly reported as 5,689,000 instead of 11,378,000 on a Form 3 filed on February 17, 2022. This column reflects the corrected balance, as effected by the transactions reported on this Form 4.
Documents
Issuer
Direct Digital Holdings, Inc.
CIK 0001880613
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001897454
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 5:01 PM ET
- Size
- 10.0 KB