{"schema_version":"secwatch.filing_event.v1","accession":"0001880613-26-000044","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.231017+00:00","generated_at":"2026-05-15T04:37:41.096799+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Direct Digital Holdings announces 4-to-1 reverse stock split effective April 27, 2026","bullets":["Reverse split reduces Class A shares from ~2.8M to ~0.7M; Class B from ~0.17M to ~0.04M.","This is the second reverse split in 2026; a 55-to-1 split was effected on Jan 12, 2026.","Split intended to maintain $1.00 minimum bid price on Nasdaq; trading symbol remains DRCT.","No fractional shares issued; cash payment in lieu; transfer agent Equiniti Trust.","CEO Mark Walker says split positions company to meet listing requirements and support investor interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000044","json":"https://secwatch.observer/filing/0001880613-26-000044.json","markdown":"https://secwatch.observer/filing/0001880613-26-000044.md","text":"https://secwatch.observer/filing/0001880613-26-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000044/0001880613-26-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000044/drct-20260423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:37:41.096799+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"}