Welcome to our dedicated page for Direct Digital Holdings SEC filings (Ticker: DRCT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Direct Digital Holdings filings document an advertising and marketing technology issuer with Class A common stock listed on Nasdaq. Recent Form 8-K reports cover operating results, Regulation FD disclosures, Nasdaq continued-listing matters, reverse stock split activity, and recast financial statements reflecting prior capital-structure changes.
The company’s registration and material-event filings also describe Class A common stock registration, equity purchase and registration-rights arrangements, and related offering mechanics. Its disclosures center on Orange 142, Colossus SSP, buy-side and sell-side advertising activity, consolidated financial statements, stockholders’ equity compliance, governance approvals, risk factors, and securities registered under the Exchange Act.
Direct Digital Holdings director Antoinette Renee Leatherberry reported routine equity compensation activity and related tax sales. She exercised restricted stock units that converted into 286 shares of Class A Common Stock at a conversion price of $0.00 per share, reflecting vesting of prior grants. On June 9, 2026 and June 12, 2026, 90 shares were sold at prices between $2.91 and $2.96, with footnotes stating these shares were sold solely to satisfy tax liabilities from the RSU vesting. After these transactions, she directly owned 531 shares of Class A Common Stock, with all amounts adjusted for the company’s prior reverse stock splits.
Direct Digital Holdings director Richard Cohen reported a combination of RSU vesting, share issuances, and related share sales. On June 9 and June 12, 2026, he sold a total of 101 shares of Class A Common Stock at prices of about $2.96 and $2.91 per share. Footnotes state these shares were sold solely to satisfy tax liabilities from vesting restricted stock units.
Cohen also exercised restricted stock units converting into 286 Class A shares on those dates and on January 24, 2026, at a stated conversion price of $0.00 per unit on a one-for-one basis. After giving effect to completed 55-to-1 and 4-to-1 reverse stock splits and these transactions, he beneficially owns 501 Class A shares directly.
Direct Digital Holdings Chief Technology Officer Anu Pillai reported routine equity compensation activity, mainly RSU vesting and a new stock option grant. On January 24, 2026, March 20, 2026, and April 1, 2026, restricted stock units converted into a total of 145 shares of Class A common stock, with 53 shares withheld to cover tax liabilities rather than sold on the market.
Separately, on March 24, 2026, Pillai received 4,375 employee stock options with a $3.32 exercise price, scheduled to vest in three equal annual installments beginning on March 24, 2027 and expiring on March 24, 2036. After the latest reported transaction, Pillai directly holds 189 shares of Class A common stock. All share and option amounts were adjusted to reflect a 55-to-1 reverse stock split on January 12, 2026 and a 4-to-1 reverse stock split on April 27, 2026.
Direct Digital Holdings director and CEO Mark D. Walker reported several routine equity transactions. On June 12, 2026, AJN Energy & Transport Ventures, LLC, an entity associated with him, sold 1,363 shares of Class A common stock in an open-market trade under a pre-arranged Rule 10b5-1 plan at a weighted average price of $2.80 per share. Earlier in 2026, restricted stock units vested and were converted into small blocks of common shares, with 95 shares withheld across multiple dates to cover tax liabilities. Walker also received an award of 8,750 employee stock options with an exercise price of $3.32 per share expiring in 2036, providing additional long-term equity exposure. As of the latest reported dates, he held a modest number of shares directly, while the LLC’s reported indirect holding for this transaction was reduced to zero.
Direct Digital Holdings, Inc. President W. Keith Smith reported routine equity compensation activity, including restricted stock unit (RSU) vesting, related tax withholding, and a new stock option grant. On January 24, 2026, he exercised 204 RSUs into Class A Common Stock and 61 shares were withheld to cover tax liabilities, leaving 505 directly held shares. On March 20, 2026, he exercised 45 additional RSUs into shares, with 14 shares withheld for taxes, and on April 1, 2026, 67 RSUs vested into shares at an adjusted price of $3.29 per share, bringing his direct holdings to 542 shares. Separately, on March 24, 2026, he received an award of 8,750 employee stock options with a $3.32 exercise price, scheduled to vest in three equal annual installments beginning on March 24, 2027. The filing also shows 2,114 shares of Class A Common Stock held indirectly through SKW Financial LLC. Share and award amounts have been adjusted to reflect prior reverse stock splits.
Direct Digital Holdings director Mistelle Locke reported multiple transactions in Class A Common Stock tied to restricted stock unit (RSU) vesting. She exercised or converted 320 RSUs into shares and 132 shares were sold in transactions coded as sales to cover tax liabilities, leaving her with 369 directly held shares after the most recent transaction. All amounts reflect the company’s January and April reverse stock splits.
Direct Digital Holdings, Inc. CFO Diana P. Diaz reported routine equity compensation activity. She exercised restricted stock units into 33 shares on April 1, 2026, and earlier 102 and 28 shares, while 10 and 31 shares of Class A Common Stock were withheld to cover tax liabilities. On March 24, 2026, she received 4,375 employee stock options at a $3.32 exercise price. After these transactions, she directly holds 169 shares of Class A Common Stock, 68 restricted stock units, and 4,375 stock options. All share amounts have been adjusted for the company’s January and April 2026 reverse stock splits.
Direct Digital Holdings, Inc. Chief Growth Officer Maria Vilchez reported routine equity compensation activity and related tax withholding transactions. She was granted 4,375 employee stock options on March 24, 2026 with an exercise price of $3.32 per share, each option covering one share of Class A Common Stock.
On several dates from August 22, 2025 through April 1, 2026, restricted stock units (RSUs) vested and were converted on a one-for-one basis into a total of 164 shares of Class A Common Stock, while 51 shares were withheld to cover tax liabilities. Following the most recent reported transaction, Vilchez directly holds 183 shares of Class A Common Stock and 4,375 stock options, with all figures adjusted for the company’s January and April reverse stock splits.
Direct Digital Holdings, Inc. filed an amendment to its definitive proxy statement for the virtual Annual Meeting to be held on July 31, 2026 to correct disclosures about voting power. The Amendment adds the Company’s 27,077 shares of Series A Convertible Preferred Stock outstanding as of the record date (June 18, 2026), which represent 53,219 votes on an as-converted basis.
The filing updates the shares outstanding used for voting: 739,531 Class A Common Stock, 42,160 Class B Common Stock, and 27,077 Series A Convertible Preferred Stock as of the record date. It revises the reported control percentages: directors, executive officers and 5% holders collectively held approximately 1.1% of Class A and 100% of Class B, representing 6.3% of total voting power when Series A preferred votes are included on an as-converted basis.
Direct Digital Holdings, Inc. is holding a fully virtual 2026 annual meeting for stockholders on July 31, 2026, at 9:30 a.m. Central Time. Stockholders will vote to elect six directors, ratify BDO USA, P.C. as auditor for 2026, and amend the 2022 Omnibus Incentive Plan to add 1,200,000 additional Class A shares for equity awards. Only holders of Class A and Class B common stock as of June 18, 2026, totaling 739,531 Class A and 42,160 Class B shares, may vote. The board reports active committee oversight, independent director majority, and outlines executive pay, which in 2025 included salaries plus stock and option grants under the equity plan.