{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-051878","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2024-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.233883+00:00","generated_at":"2026-05-29T02:07:14.394101+00:00","sec_items":["3.02","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Direct Digital Holdings sells 220K shares at ~$0.83 each; CEO and President rescind 2023 RSUs","bullets":["Sold 220,000 Class A shares to New Circle Principle Investments for $182,843 cash ($0.831/share) under equity reserve facility.","Unregistered sale exceeded 5% of outstanding shares as of Dec 3, 2024; issued under Section 4(a)(2).","CEO Mark Walker and President Keith Smith rescind cliff-vesting RSU (40,000 shares each) and first 3-year installment (9,970 shares each).","Rescission covers shares issued in 2024 for those RSUs; executives voluntarily requested the cancellation."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-051878","json":"https://secwatch.observer/filing/0001628280-24-051878.json","markdown":"https://secwatch.observer/filing/0001628280-24-051878.md","text":"https://secwatch.observer/filing/0001628280-24-051878.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000162828024051878/0001628280-24-051878-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000162828024051878/drct-20241212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T02:07:14.394101+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}