Leatherberry Antoinette Renee 4
4 · Direct Digital Holdings, Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Direct Digital (DRCT) Director Antoinette Leatherberry Receives Awards, Sells Shares
What Happened
- Director Antoinette Renee Leatherberry received 286 shares upon vesting of restricted stock units (90 on Jan 24, 159 on Jun 9, and 37 on Jun 12, 2026). She sold a total of 90 of those shares (67 on Jun 9 at $2.96 for $198; 23 on Jun 12 at $2.91 for $67) to satisfy tax withholding obligations. The vesting/conversion entries are reported as derivative exercises (code M) and the disposals are open-market sales (code S).
Key Details
- Transaction dates and prices:
- Jan 24, 2026: 90 RSUs vested (conversion to shares; reported as $0 derivative disposition).
- Jun 9, 2026: 159 RSUs vested; sold 67 shares at $2.96 each ($198) to cover taxes.
- Jun 12, 2026: 37 RSUs vested; sold 23 shares at $2.91 each ($67) to cover taxes.
- Total shares received: 286 (90 + 159 + 37). Total sold: 90. Net cash from sales ≈ $265.
- Footnotes: vesting/RSU conversions are 1-for-1 into Class A common stock; reported numbers adjusted for 55‑for‑1 and 4‑for‑1 reverse stock splits that occurred in Jan and Apr 2026. Sales on Jun 9 and Jun 12 represent shares sold solely to satisfy tax liabilities (F4, F5). Grants and vesting schedule details are in F6–F8.
- Filing timeliness: The filing discloses delinquent transactions due to an administrative oversight (late filing).
Context
- These transactions are routine vesting and tax-withholding sales (cashless-type disposition) rather than open-market investment purchases; such sales commonly don't signal a change in insider sentiment. The derivative-code entries reflect RSU conversions into shares, not option purchases.
Insider Transaction Report
Form 4
Leatherberry Antoinette Renee
Director
Transactions
- Exercise/Conversion
Class A Common Stock, par value $0.001 per share
[F1][F2][F3]2026-01-24+90→ 425 total - Exercise/Conversion
Class A Common Stock, par value $0.001 per share
[F2]2026-06-09+159→ 584 total - Sale
Class A Common Stock, par value $0.001 per share
[F4]2026-06-09$2.96/sh−67$198→ 517 total - Exercise/Conversion
Class A Common Stock, par value $0.001 per share
[F2]2026-06-12+37→ 554 total - Sale
Class A Common Stock, par value $0.001 per share
[F5]2026-06-12$2.91/sh−23$67→ 531 total - Exercise/Conversion
Restricted Stock Units
[F2][F6]2026-01-24−90→ 0 total→ Class A Common Stock, par value $0.001 per share (90 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7]2026-06-09−159→ 0 total→ Class A Common Stock, par value $0.001 per share (159 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F8]2026-06-12−37→ 0 total→ Class A Common Stock, par value $0.001 per share (37 underlying)
Footnotes (8)
- [F1]On January 12, 2026, Direct Digital Holdings, Inc. (the "Company") effected a 55-to-1 reverse stock split (the "January Reverse Stock Split") and subsequently on April 27, 2026, the Company effected a 4-to-1 reverse stock split (the "April Reverse Stock Split," and together with the January Reverse Stock Split, the "Reverse Stock Splits"). The shares acquired reported in connection with this transaction have been adjusted to reflect the April Reverse Stock Split.
- [F2]Restricted stock units convert into shares of the Company's Class A Common Stock, par value $0.001 per share, on a one-for-one basis.
- [F3]The Amount of Securities Beneficially Owned Following Reported Transactions has been adjusted to reflect the Reverse Stock Splits.
- [F4]Represents shares sold solely to satisfy tax liabilities associated with the reported vesting of restricted stock units for 159 shares.
- [F5]Represents shares sold solely to satisfy tax liabilities associated with the reported vesting of restricted stock units for 37 shares.
- [F6]On January 24, 2025, the reporting person was granted 90 restricted stock units, vesting on the first anniversary of the grant date conditioned on continued employment as of the vesting date. All of the restricted stock units vested on January 24, 2026. This grant was previously reported as covering 20,000 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
- [F7]On June 9, 2025, the reporting person was granted 159 restricted stock units, vesting on the first anniversary of the grant date conditioned on continued employment as of the vesting date. All of the restricted stock units vested on June 9, 2026. This grant was previously reported as covering 35,000 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
- [F8]On June 12, 2023, the reporting person was granted 111 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 vested on June 12, 2025, and the remaining balance of 34 percent of the restricted stock units vested on June 12, 2026. This grant was previously reported as covering 24,615 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
Signature
/s/ Mark Walker, Attorney-in-fact for Antoinette Renee Leatherberry|2026-06-29