Direct Digital director exercises RSUs, sells for taxes
Direct Digital Holdings director Antoinette Renee Leatherberry reported routine equity compensation activity and related tax sales.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Leatherberry Antoinette Renee
Role
Director
Sold
90 shs ($265.25)
Approx. gross sale proceeds
$265.25
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 37 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 37 | $0.00 | $0.00 |
| Sale | Class A Common Stock, par value $0.001 per share | 23 | $2.91 | $66.93 |
| Exercise | Restricted Stock Units | 159 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 159 | $0.00 | $0.00 |
| Sale | Class A Common Stock, par value $0.001 per share | 67 | $2.96 | $198.32 |
| Exercise | Restricted Stock Units | 90 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 90 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock, par value $0.001 per share — 531 shares (Direct)
Footnotes (8)
- F1. On January 12, 2026, Direct Digital Holdings, Inc. (the "Company") effected a 55-to-1 reverse stock split (the "January Reverse Stock Split") and subsequently on April 27, 2026, the Company effected a 4-to-1 reverse stock split (the "April Reverse Stock Split," and together with the January Reverse Stock Split, the "Reverse Stock Splits"). The shares acquired reported in connection with this transaction have been adjusted to reflect the April Reverse Stock Split.
- F2. Restricted stock units convert into shares of the Company's Class A Common Stock, par value $0.001 per share, on a one-for-one basis.
- F3. The Amount of Securities Beneficially Owned Following Reported Transactions has been adjusted to reflect the Reverse Stock Splits.
- F4. Represents shares sold solely to satisfy tax liabilities associated with the reported vesting of restricted stock units for 159 shares.
- F5. Represents shares sold solely to satisfy tax liabilities associated with the reported vesting of restricted stock units for 37 shares.
- F6. On January 24, 2025, the reporting person was granted 90 restricted stock units, vesting on the first anniversary of the grant date conditioned on continued employment as of the vesting date. All of the restricted stock units vested on January 24, 2026. This grant was previously reported as covering 20,000 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
- F7. On June 9, 2025, the reporting person was granted 159 restricted stock units, vesting on the first anniversary of the grant date conditioned on continued employment as of the vesting date. All of the restricted stock units vested on June 9, 2026. This grant was previously reported as covering 35,000 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
- F8. On June 12, 2023, the reporting person was granted 111 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 12, 2024, an additional 33 percent vested on June 12, 2025, and the remaining balance of 34 percent of the restricted stock units vested on June 12, 2026. This grant was previously reported as covering 24,615 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
Key Figures
Shares sold for taxes: 90 shares
Sale prices: $2.96 and $2.91 per share
RSUs exercised: 286 shares
+2 more
5 metrics
Shares sold for taxes
90 shares
Tax-liability sales on June 9 and June 12, 2026
Sale prices
$2.96 and $2.91 per share
Open-market sale code with tax-liability footnotes
RSUs exercised
286 shares
Restricted stock units converted into Class A Common Stock at $0.00
Shares owned after transactions
531 shares
Direct holdings of Class A Common Stock after reported trades
Reverse stock splits
55-to-1 and 4-to-1
Completed January 12, 2026 and April 27, 2026
Key Terms
reverse stock split, restricted stock units, derivative security, beneficially owned
4 terms
reverse stock split financial
"the Company effected a 55-to-1 reverse stock split and subsequently on April 27, 2026, the Company effected a 4-to-1 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
restricted stock units financial
"Restricted stock units convert into shares of the Company's Class A Common Stock, par value $0.001 per share, on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficially owned financial
"The Amount of Securities Beneficially Owned Following Reported Transactions has been adjusted to reflect the Reverse Stock Splits."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DRCT director Antoinette Renee Leatherberry report?
She reported exercising restricted stock units into 286 shares of Class A Common Stock and selling 90 shares. The sales occurred on June 9 and June 12, 2026 and were described as solely to cover tax liabilities from the RSU vesting.
What do the footnotes say about DRCT’s reverse stock splits and these holdings?
Footnotes explain Direct Digital completed a 55-to-1 reverse stock split in January 2026 and a 4-to-1 reverse split in April 2026. The reported acquired shares and amounts beneficially owned after the transactions were adjusted to reflect the effects of these reverse stock splits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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