4//SEC Filing
Direct Digital Management, LLC 4
Accession 0001897454-25-000003
CIK 0001880613other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 4:12 PM ET
Size
9.4 KB
Accession
0001897454-25-000003
Insider Transaction Report
Form 4
Direct Digital Management, LLC
10% Owner
Transactions
- Other
Class A Common Stock, par value $0.001 per share
2025-09-11−872,500→ 0 total - Conversion
Class A Common Units of Direct Digital Holdings LLC
2025-09-11−872,500→ 9,575,500 total→ Class A Common Stock, par value $0.001 per share (872,500 underlying) - Conversion
Class A Common Stock, par value $0.001 per share
2025-09-11+872,500→ 872,500 total
Footnotes (2)
- [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 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.
- [F2]The Reporting Person distributed 872,500 shares of Class A Common Stock to two of its members for no consideration.
Documents
Issuer
Direct Digital Holdings, Inc.
CIK 0001880613
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001897454
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 4:12 PM ET
- Size
- 9.4 KB