4/A//SEC Filing
Pillai Anu 4/A
Accession 0001104659-23-094629
CIK 0001880613other
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 9:31 PM ET
Size
9.4 KB
Accession
0001104659-23-094629
Insider Transaction Report
Form 4/AAmended
Pillai Anu
Chief Technology Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2023-06-10+6,216→ 6,216 total - Tax Payment
Class A Common Stock
2023-06-10$3.25/sh−1,822$5,922→ 4,394 total - Exercise/Conversion
Restricted Stock Units
2023-06-10−6,216→ 12,434 total→ Class A Common Stock, par value $0.001 per share (4,587 underlying)
Footnotes (3)
- [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 withholding of shares to satisfy the tax liability incident to the vesting of the restricted stock unit was inadvertently omitted from the original version of this report.
- [F3]On June 10, 2022, the reporting person was granted 18,650 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 June 10, 2023, an additional 33% will vest on June 10, 2024, and the remaining balance of 34% of the restricted stock units will vest on June 10, 2025. 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).
Documents
Issuer
Direct Digital Holdings, Inc.
CIK 0001880613
Entity typeother
Related Parties
1- filerCIK 0001896798
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 9:31 PM ET
- Size
- 9.4 KB