Form 4: Direct Digital Holdings Director Keith W. Smith Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Keith W. Smith, a Director, 10% Owner, and President of Direct Digital Holdings, Inc., reported changes in beneficial ownership of Class A Common Stock on March 18, 2024, due to the disposition of shares to cover tax obligations.
Summary
- On March 18, 2024, Keith W. Smith, a Director, 10% Owner, and President of Direct Digital Holdings, Inc. (DRCT), reported a transaction involving Class A Common Stock.
- The transaction involved the disposition of 5,803 shares to cover tax obligations at a price of $28.87 per share.
- Following the transaction, Smith directly owns 32,058 shares of Class A Common Stock.
- Smith also indirectly owns 130,722 shares through SKW Financial LLC.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It is a standard practice and provides transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of transaction involving Class A Common Stock |
| 03/20/2024 | Date of signature for the report |
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