4//SEC Filing
Cohen Richard 4
Accession 0001104659-23-070909
CIK 0001880613other
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 6:31 PM ET
Size
10.1 KB
Accession
0001104659-23-070909
Insider Transaction Report
Form 4
Cohen Richard
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-06-10−16,296→ 33,086 total→ Class A Common Stock, par value $0.001 per share (16,296 underlying) - Award
Restricted Stock Units
2023-06-12+24,615→ 24,615 total→ Class A Common Stock, par value $0.001 per share (24,615 underlying) - Exercise/Conversion
Class A Common Stock
2023-06-10+16,296→ 16,296 total
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]On June 10, 2022, the reporting person was granted 49,382 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33 percent of the restricted stock units vested on June 10, 2023, an additional 33 percent will vest on June 10, 2024, and the remaining balance of 34 percent of the restricted stock units will vest on June 10, 2025. 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]The restricted stock units will vest in three equal annual installments on each of the first, second and third anniversaries 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).
Documents
Issuer
Direct Digital Holdings, Inc.
CIK 0001880613
Entity typeother
Related Parties
1- filerCIK 0001298692
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 6:31 PM ET
- Size
- 10.1 KB