Diaz Diana P 4
4 · Direct Digital Holdings, Inc. · Filed Oct 18, 2023
Insider Transaction Report
Form 4
Diaz Diana P
CFO
Transactions
- Award
Restricted Stock Units
2023-10-16+18,650→ 18,650 total→ Class A Common Stock, par value $0.001 per share (18,650 underlying) - Award
Employee Stock Options (right to buy)
2023-10-16+18,650→ 18,650 totalExercise: $2.46Exp: 2033-10-16→ Class A Common Stock, par value $0.001 per share (18,650 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 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 beginning on October 16, 2024.