Lowrey Maria Vilchez 4
4 · Direct Digital Holdings, Inc. · Filed Aug 23, 2023
Insider Transaction Report
Form 4
Lowrey Maria Vilchez
Chief Growth Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2023-08-22+3,900→ 3,900 total - Exercise/Conversion
Restricted Stock Units
2023-08-22−3,900→ 7,800 total→ Class A Common Stock, par value $0.001 per share (3,900 underlying) - Tax Payment
Class A Common Stock
2023-08-22$2.32/sh−1,157$2,684→ 2,743 total
Footnotes (2)
- [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 August 22, 2023, the reporting person was granted 11,700 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33% of the restricted stock units vested on August 22, 2023, an additional 33% will vest on August 22, 2024, and the remaining balance of 34% of the restricted stock units will vest on August 22, 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).