---
schema_version: "secwatch.filing_event.v1"
accession: "0001880613-26-000003"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:33:46.988573+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve reverse stock split, 100M share facility, plan increase, and settlement shares

## Summary
- Authorized reverse stock split at ratio up to 250:1, board discretion to implement before Dec 26, 2026.
- Authorized issuance of up to 100M shares of Class A common stock under Equity Reserve Facility with New Circle Principle Investments.
- Approved amendment to 2022 Omnibus Incentive Plan, increasing authorized shares by 9M to total 16.5M shares.
- Authorized issuance of up to 41,751,437 shares of Class A common stock as part of court-approved settlement.
- All four proposals passed with over 97% of votes cast in favor.

## SEC filing metadata
- accession: 0001880613-26-000003
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880613/000188061326000003/0001880613-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000188061326000003/drct-20251230.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880613-26-000003
- JSON: https://secwatch.observer/filing/0001880613-26-000003.json
- Plain text: https://secwatch.observer/filing/0001880613-26-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.