Locke Mistelle 4
4 · Direct Digital Holdings, Inc. · Filed Jan 28, 2025
Insider Transaction Report
Form 4
Locke Mistelle
Director
Transactions
- Exercise/Conversion
Class A Common Stock, par value $0.001 per share
2025-01-16+7,246→ 37,447 total - Sale
Class A Common Stock, par value $0.001 per share
2025-01-16$1.30/sh−1,773$2,305→ 35,674 total - Award
Restricted Stock Units
2025-01-24+20,000→ 20,000 total→ Class A Common Stock, par value $0.001 per share (20,000 underlying) - Exercise/Conversion
Restricted Stock Units
2025-01-16+7,246→ 7,246 total→ Class A Common Stock, par value $0.001 per share (7,246 underlying)
Footnotes (4)
- [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]Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units for 7,246 shares.
- [F3]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 vested 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).
- [F4]Grant of restricted stock units under the Direct Digital Holdings, Inc. 2022 Omnibus Incentive Plan. The restricted stock units will vest one year from the date of grant conditioned on continued service as of the vesting date.