4//SEC Filing
Direct Digital Management, LLC 4
Accession 0001104659-23-124378
CIK 0001880613other
Filed
Dec 6, 7:00 PM ET
Accepted
Dec 7, 8:00 PM ET
Size
9.6 KB
Accession
0001104659-23-124378
Insider Transaction Report
Form 4
Direct Digital Management, LLC
10% Owner
Transactions
- Other
Class A Common Stock
2023-12-05−410,000→ 0 total - Conversion
Class A Common Stock
2023-12-05+410,000→ 410,000 total - Conversion
Class A Common Units of Direct Digital Holdings LLC
2023-12-05−410,000→ 10,868,000 total→ Class A Common Stock (410,000 underlying)
Footnotes (2)
- [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 410,000 shares of Class A Common Stock to two of its members for no consideration.
Documents
Issuer
Direct Digital Holdings, Inc.
CIK 0001880613
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001897454
Filing Metadata
- Form type
- 4
- Filed
- Dec 6, 7:00 PM ET
- Accepted
- Dec 7, 8:00 PM ET
- Size
- 9.6 KB