Antoinette Renee Leatherberry, serving as a director at Direct Digital Holdings, Inc. (NASDAQ: DRCT), has disclosed recent transactions involving the company's Class A Common Stock. The director executed sales totaling 90 shares, which carried a combined transaction value of $265. The shares were sold at prices ranging from $2.91 to $2.96 per unit.
The divestment activity occurred across two distinct dates. On June 9, 2026, Ms. Leatherberry sold 67 shares at a price of $2.96 per share. This specific transaction was initiated solely to satisfy tax liabilities arising from the vesting of 159 restricted stock units (RSUs). Subsequently, on June 12, 2026, an additional 23 shares were sold at $2.91 per share. This second transaction was also executed to cover tax obligations associated with the vesting of an additional 37 RSUs.
These sales follow the acquisition of shares through the vesting process of RSUs. Ms. Leatherberry acquired a total of 286 shares of Class A Common Stock across three separate dates: 90 shares on January 24, 2026; 159 shares on June 9, 2026; and 37 shares on June 12, 2026. These restricted stock units converted into shares of the company's Class A Common Stock on a one-for-one basis at no cost to the director. The reported share amounts reflect adjustments due to reverse stock splits effected by Direct Digital Holdings in January and April 2026.
The transactions occur amid significant stock price volatility for Direct Digital Holdings. Shares are currently trading at $2.64, representing a decline of nearly 98% over the past year. According to InvestingPro analysis, the stock remains undervalued at current levels despite the company's weak financial health score. Investors can access detailed Fair Value estimates and over a dozen additional InvestingPro Tips to better understand DRCT's investment potential.
The RSUs that vested on January 24, 2026, were part of a grant made on January 24, 2025. The 159 RSUs that vested on June 9, 2026, were granted on June 9, 2025. The 37 RSUs that vested on June 12, 2026, were part of a larger grant made on June 12, 2023, vesting in annual installments. Following these reported transactions, Ms. Leatherberry directly holds 531 shares of Direct Digital Holdings Class A Common Stock. The filing noted that these transactions were reported late due to an administrative oversight.
In other recent news, Direct Digital Holdings reported its earnings for the first quarter of 2026. The company revealed an earnings per share (EPS) of -10.32, which was significantly below the forecasted -0.1. The company's revenue also fell short of expectations, coming in at $6.7 million compared to the anticipated $7.07 million, representing a 5.23% shortfall.
In a separate development, Direct Digital Holdings announced the appointment of Ohad Harlev to its board of directors. Harlev is the co-founder and CEO of Gizat Global Communications and has a notable history in leadership roles, including at LyteLoop Technologies and World-Link Communications. These recent developments reflect ongoing changes within the company as it navigates its financial challenges and strategic leadership shifts.