DRCT CFO reports RSU vesting and new stock options
Direct Digital Holdings, Inc. CFO Diana P. Diaz reported routine equity compensation activity.
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
163 shares exercised/converted
Exercise
9 txns
Insider
Diaz Diana P
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 33 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 33 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.001 per share | 10 | $3.34 | $33.40 |
| Grant/Award | Employee Stock Options (right to buy) | 4,375 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 102 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 102 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.001 per share | 31 | $16.48 | $510.88 |
| Exercise | Restricted Stock Units | 28 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 28 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 96 contracts (Direct);
Employee Stock Options (right to buy) — 4,375 contracts (Direct);
Class A Common Stock, par value $0.001 per share — 159 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 reported in connection with this transaction have been adjusted to reflect the Reverse Stock Splits.
- 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 shares and price reported for the applicable transaction have been adjusted to reflect the April Reverse Stock Split.
- F4. Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units on the applicable transaction date.
- F5. 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 will vest 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.
- F6. On January 24, 2025, the reporting person was granted 102 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 22,500 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
- F7. This option is scheduled to vest in three equal annual installments beginning on March 24, 2027.
- F8. On April 1, 2025, the reporting person was granted 101 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 April 1, 2026, an additional 33% of the restricted stock units will vest on April 1, 2027, and the remaining balance of 34% of the restricted stock units will vest on April 1, 2028. 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 22,500 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
Key Figures
Employee stock options granted: 4,375 options
Option exercise price: $3.32 per share
Common shares held after transactions: 169 shares
+4 more
7 metrics
Employee stock options granted
4,375 options
Grant on March 24, 2026 to CFO Diana P. Diaz
Option exercise price
$3.32 per share
Employee stock options on Class A Common Stock
Common shares held after transactions
169 shares
Class A Common Stock directly owned after reported events
Restricted stock units held
68 RSUs
RSU balance after exercises and vesting events
Shares withheld for taxes
41 shares
10 shares on April 1, 2026 and 31 shares on January 24, 2026
Shares from derivative exercises
163 shares
Total underlying shares from RSU exercises reported
Reverse stock split ratios
55-to-1 and 4-to-1
Reverse stock splits on January 12, 2026 and April 27, 2026
Key Terms
reverse stock split, Restricted stock units, Employee Stock Options (right to buy), Change in Control, +1 more
5 terms
reverse stock split financial
"On January 12, 2026, Direct Digital Holdings, Inc. 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.
Employee Stock Options (right to buy) financial
"Employee Stock Options (right to buy)... underlying security title Class A Common Stock, par value $0.001 per share..."
Change in Control financial
"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)."
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.
tax liabilities financial
"Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units on the applicable transaction date."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DRCT CFO Diana P. Diaz report on this Form 4?
Diana P. Diaz reported exercises of restricted stock units into Class A Common Stock, tax-related share withholdings, and a new grant of employee stock options. These actions reflect routine equity compensation events rather than open-market buying or selling of Direct Digital Holdings (DRCT) shares.
How many stock options did DRCT CFO Diana P. Diaz receive and at what exercise price?
Diana P. Diaz received 4,375 employee stock options with a $3.32 per share exercise price. These options, granted on March 24, 2026, relate to Class A Common Stock and are scheduled to vest in three equal annual installments beginning March 24, 2027, if employment conditions are met.
Were any of the DRCT insider transactions open-market sales by CFO Diana P. Diaz?
The filing shows no open-market sales by Diana P. Diaz. Share disposals were tax-withholding events, where 10 and 31 shares of Class A Common Stock were withheld to satisfy tax liabilities triggered by vesting of restricted stock units, not discretionary market sales.
What are the vesting terms for the restricted stock units reported by DRCT’s CFO?
Restricted stock units granted in 2023 and 2025 vest in scheduled annual installments, typically over three years or on a first-anniversary date, subject to continued employment. Certain grants also provide accelerated vesting if specified termination events occur or if a Change in Control happens under the company’s 2022 Omnibus Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
