Direct Digital Holdings Sells Shares and Rescinds Equity

The latest announcement is out from Direct Digital Holdings ( (DRCT) ).

Direct Digital Holdings, Inc. sold 220,000 shares of its Class A Common Stock for $182,843 to New Circle Principle Investments LLC, exceeding five percent of its total outstanding shares. Additionally, company executives Mark Walker and Keith Smith have agreed to rescind shares issued to them in 2024 related to restricted stock units, reflecting a voluntary decision that may affect their equity stakes.

More about Direct Digital Holdings

YTD Price Performance: -95.56%

Average Trading Volume: 143,039

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.58M

For a thorough assessment of DRCT stock, go to TipRanks’ Stock Analysis page.