Locke Mistelle 4
4 · Direct Digital Holdings, Inc. · Filed Jan 22, 2024
Insider Transaction Report
Form 4
Locke Mistelle
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2024-01-16+7,246→ 7,246 total - Exercise/Conversion
Restricted Stock Units
2024-01-16−7,246→ 14,493 total→ Class A Common Stock, par value $0.001 per share (7,246 underlying)
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 January 16, 2023, the reporting person was granted 21,739 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 January 16, 2024, an additional 33 percent will vest on January 16, 2025, and the remaining balance of 34 percent of the restricted stock units will vest on January 16, 2026. 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).