Direct Digital CFO Diaz receives 28 vested shares
The CFO's final 34% installment from an 84-unit restricted-stock grant vested on October 16, 2026.
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Form Type
4
Rhea-AI Filing Summary
Direct Digital Holdings, Inc. CFO Diana P. Diaz had 28 restricted stock units vest and settle into 28 shares of Class A Common Stock on October 16, 2026. The related tax withholding covered 9 shares, reported at $0.32 per share. Her reported RSU balance following the derivative transaction was zero.
Insider Trade Summary
28 shares exercised/converted
Exercise
3 txns
Insider
Diaz Diana P
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 28 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share F1 | 28 | -- | -- |
| Tax Withholding | Class A Common Stock, par value $0.001 per share F2 | 9 | $0.32 | $2.88 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock, par value $0.001 per share — 178 shares (Direct)
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. Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units for 28 shares.
- F3. On October 16, 2023, the reporting person was granted 84 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 October 16, 2024, an additional 33% of the restricted stock units vested on October 16, 2025, and the remaining balance of 34% of the restricted stock units vested on October 16, 2026. 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). This grant was previously reported as covering 18,650 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
Key Figures
Restricted stock units vested: 28 restricted stock units
Class A Common Stock acquired: 28 shares
Shares withheld for tax liabilities: 9 shares
+3 more
6 metrics
Restricted stock units vested
28 restricted stock units
October 16, 2026
Class A Common Stock acquired
28 shares
October 16, 2026
Shares withheld for tax liabilities
9 shares
Associated with the October 16, 2026 vesting
Reported price per share withheld
$0.32 per share
October 16, 2026
RSU balance following derivative transaction
0 restricted stock units
After the October 16, 2026 transaction
Restricted stock units granted
84 restricted stock units
Granted October 16, 2023
Key Terms
restricted stock units, vesting, Change in Control, Reverse Stock Splits
4 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to one share"
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.
vesting financial
"vesting in three annual installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Change in Control technical
"upon a "Change in Control""
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Reverse Stock Splits financial
"adjusted to reflect the Reverse Stock Splits"
A reverse stock split is when a company combines multiple existing shares into fewer higher-priced shares—like trading four small slices of a pie for one larger slice. It doesn’t change the overall value of an investor’s holdings immediately, but it raises the per-share price and can matter to investors because it can affect market perception, stock exchange listing eligibility, and trading liquidity, and it changes share counts used in investor metrics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was the vesting schedule for Diana P. Diaz’s DRCT restricted stock units?
The 84 restricted stock units were scheduled to vest in three annual installments: 33% on October 16, 2024, an additional 33% on October 16, 2025, and the remaining 34% on October 16, 2026. The grant was made on October 16, 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.
