Locke Mistelle 4
4 · Direct Digital Holdings, Inc. · Filed Jun 12, 2024
Insider Transaction Report
Form 4
Locke Mistelle
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-06-12−8,205→ 16,410 total→ Class A Common Stock, par value $0.001 per share (8,205 underlying) - Exercise/Conversion
Class A Common Stock
2024-06-12+8,205→ 13,732 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 June 12, 2023, the reporting person was granted 24,615 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 12, 2024, an additional 33 percent will vest on June 12, 2025, and the remaining balance of 34 percent of the restricted stock units will vest on June 12, 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).