4//SEC Filing
SMITH W KEITH 4
Accession 0001880613-25-000052
CIK 0001880613other
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 4:12 PM ET
Size
8.3 KB
Accession
0001880613-25-000052
Insider Transaction Report
Form 4
SMITH W KEITH
DirectorPresident10% Owner
Transactions
- Conversion
Class A Common Stock, par value $0.001 per share
2025-06-18+185,000→ 185,000 total(indirect: By LLC) - Conversion
Class A Common Units of Direct Digital Holdings LLC
2025-06-18−185,000→ 5,194,000 total(indirect: By LLC)→ Class A Common Stock, par value $0.001 per share (185,000 underlying)
Holdings
- 66,370
Class A Common Stock, par value $0.001 per share
Footnotes (1)
- [F1]Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Direct Digital Holdings, LLC, dated as of February 15, 2022, Class A Common Units (as defined therein) held by the Reporting Person (indirectly through the Reporting Person's ownership interest in Direct Digital Management, LLC) are exchangeable for shares of Class A Common Stock on a one-for-one basis, subject to certain exceptions, conditions and adjustments. The Class A Common Units have no expiration date. At the time of any such exchange, an equal number of shares of Class B Common Stock of the Issuer held by the Reporting Person, which have no economic value and entitle holders thereof to one vote per share on all matters on which stockholders of the Issuer are entitled to vote generally, are cancelled.
Documents
Issuer
Direct Digital Holdings, Inc.
CIK 0001880613
Entity typeother
Related Parties
1- filerCIK 0001203452
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 4:12 PM ET
- Size
- 8.3 KB