Pillai Anu 4
4 · Direct Digital Holdings, Inc. · Filed Mar 27, 2025
Insider Transaction Report
Form 4
Pillai Anu
Chief Technology Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-03-20−2,105→ 2,105 total→ Class A Common Stock, par value $0.001 per share (2,105 underlying) - Exercise/Conversion
Class A Common Stock, par value $0.001 per share
2025-03-20+2,105→ 18,367 total - Tax Payment
Class A Common Stock, par value $0.001 per share
2025-03-20$0.79/sh−729$576→ 17,638 total
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]Due to administrative error, the number of non-derivative securities beneficially owned by the Reporting Person was incorrectly reported as 14,829 instead of 16,262 on a Form 4 filed on June 14, 2024. This column reflects the corrected balance, as effected by the transactions reported on this Form 4.
- [F3]Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units for 2,105 shares.
- [F4]On March 20, 2023, the reporting person was granted 6,315 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33% of the restricted stock units vested on March 20, 2024, an additional 33% of the restricted stock units vested on March 20, 2025, and the remaining balance of 34% of the restricted stock units will vest on March 20, 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).