Pillai Anu 4
4 · Direct Digital Holdings, Inc. · Filed Jun 12, 2024
Insider Transaction Report
Form 4
Pillai Anu
Chief Technology Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-06-10+6,216→ 16,651 total - Exercise/Conversion
Restricted Stock Units
2024-06-10−6,216→ 6,218 total→ Class A Common Stock, par value $0.001 per share (6,216 underlying)
Footnotes (2)
- [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]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 percent of the restricted stock units vested on June 10, 2023, an additional 33 percent vested on June 10, 2024, and the remaining balance of 34 percent 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).