Lowrey Maria Vilchez 4

What Happened Maria Vilchez Lowrey, Chief Growth Officer of Direct Digital Holdings (DRCT), reported multiple restricted stock unit (RSU) vestings that converted into common shares and small share disposals to cover withholding taxes, plus a new RSU/derivative grant. Across vesting dates Lowrey converted 164 RSUs into shares (Aug 22, 2025: 19; Jan 24, 2026: 102; Mar 20, 2026: 10; Apr 1, 2026: 33). A total of 51 shares were withheld to satisfy tax liabilities (6, 31, 4, 10 on the respective dates), leaving a net increase of 113 shares delivered to her. Separately, on March 24, 2026 she was granted 4,375 derivative units (RSUs/options) that vest in the future. The cash amounts reported for withheld shares were: $506, $511, $13 and $33 respectively (per‑share prices reflect reverse‑split adjustments).

Key Details

• Transaction types: M = exercise/conversion of derivative (RSU vesting); F = shares withheld to pay taxes; A = grant/award.
• Vesting/conversion dates: 2025‑08‑22 (19 RSUs), 2026‑01‑24 (102 RSUs), 2026‑03‑20 (10 RSUs), 2026‑04‑01 (33 RSUs).
• Tax‑withholding (shares disposed): 6 shares ($506), 31 shares ($511), 4 shares ($13), 10 shares ($33).
• Grant: 3/24/2026 — 4,375 derivative units (RSU/option award) reported as acquired; vesting schedule subject to plan terms.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes of note: filings and share amounts/prices were adjusted for two reverse stock splits (55‑for‑1 on Jan 12, 2026 and 4‑for‑1 on Apr 27, 2026) (F1, F4); RSUs convert 1:1 into common stock (F2); withheld shares were used to satisfy tax liabilities (F3); specific grants and vesting schedules referenced in F5–F8.
• Timeliness: Filing discloses delinquent transactions — reporting person states these Form 4 items were not timely reported due to an administrative oversight (late filing).

Context These transactions are routine equity‑compensation events: RSUs vested and converted into shares, and shares were withheld to cover tax obligations (a cashless withholding, not open‑market sales). The 4,375‑unit award is a grant subject to future vesting (not an immediate market purchase). The late filing is administrative but important for transparency; it does not itself indicate trading intent.