Abiopharma

🔍 Locke Mistelle (Director)

Company: Direct Digital Holdings, Inc. (DRCT)

Report Date: 2026-01-16

Detailed Transactions and Holdings:

• Acquired 34 shares of Class A Common Stock, par value $0.001 per share (Direct)
  Date: 2026-01-16 | Code: M | equity_swap_involved: 0 | shares_owned_after: 215.00 | transaction_form_type: 4 | Footnotes: F1, F2, F3
• Sold 31 shares of Class A Common Stock, par value $0.001 per share at $6.51 per share (Direct)
  Date: 2026-01-16 | Code: S | equity_swap_involved: 0 | shares_owned_after: 184.00 | transaction_form_type: 4 | Footnotes: F4
• Acquired 90 shares of Class A Common Stock, par value $0.001 per share (Direct)
  Date: 2026-01-24 | Code: M | equity_swap_involved: 0 | shares_owned_after: 274.00 | transaction_form_type: 4 | Footnotes: F1, F2
• Acquired 159 shares of Class A Common Stock, par value $0.001 per share (Direct)
  Date: 2026-06-09 | Code: M | equity_swap_involved: 0 | shares_owned_after: 433.00 | transaction_form_type: 4 | Footnotes: F2
• Sold 76 shares of Class A Common Stock, par value $0.001 per share at $2.96 per share (Direct)
  Date: 2026-06-09 | Code: S | equity_swap_involved: 0 | shares_owned_after: 357.00 | transaction_form_type: 4 | Footnotes: F5
• Acquired 37 shares of Class A Common Stock, par value $0.001 per share (Direct)
  Date: 2026-06-12 | Code: M | equity_swap_involved: 0 | shares_owned_after: 394.00 | transaction_form_type: 4 | Footnotes: F2
• Sold 25 shares of Class A Common Stock, par value $0.001 per share at $2.91 per share (Direct)
  Date: 2026-06-12 | Code: S | equity_swap_involved: 0 | shares_owned_after: 369.00 | transaction_form_type: 4 | Footnotes: F6
• Sold 34 shares of Restricted Stock Units (Derivative)
  Date: 2026-01-16 | Code: M | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F2, F7, F7
• Sold 90 shares of Restricted Stock Units (Derivative)
  Date: 2026-01-24 | Code: M | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F2, F8, F8
• Sold 159 shares of Restricted Stock Units (Derivative)
  Date: 2026-06-09 | Code: M | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F2, F9, F9
• Sold 37 shares of Restricted Stock Units (Derivative)
  Date: 2026-06-12 | Code: M | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F2, F10, F10

Footnotes:

• 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 acquired reported in connection with this transaction have been adjusted to reflect the April Reverse Stock Split.
• 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 Amount of Securities Beneficially Owned Following Reported Transactions has been adjusted to reflect the Reverse Stock Splits.
• F4: Represents shares sold solely to satisfy tax liabilities associated with the reported vesting of restricted stock units for 34 shares.
• F5: Represents shares sold solely to satisfy tax liabilities associated with the reported vesting of restricted stock units for 159 shares.
• F6: Represents shares sold solely to satisfy tax liabilities associated with the reported vesting of restricted stock units for 37 shares.
• F7: On January 16, 2023, the reporting person was granted 98 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33 percent of the restricted stock units vested on January 16, 2024, an additional 33 percent vested on January 16, 2025, and the remaining balance of 34 percent of the restricted stock units vested on January 16, 2026. This grant was previously reported as covering 21,739 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
• F8: On January 24, 2025, the reporting person was granted 90 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 20,000 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
• F9: On June 9, 2025, the reporting person was granted 159 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 June 9, 2026. This grant was previously reported as covering 35,000 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
• F10: On June 12, 2023, the reporting person was granted 111 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33 percent of the restricted stock units vested on June 12, 2024, an additional 33 percent vested on June 12, 2025, and the remaining balance of 34 percent of the restricted stock units vested on June 12, 2026. This grant was previously reported as covering 24,615 restricted stock units, but was adjusted to reflect the Reverse Stock Splits.
• REMARKS: The Reporting Person is hereby disclosing delinquent transactions reportable on Form 4 that were not reported due to an administrative oversight.