Nicola T. Allais - 12 Sep 2024 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Role
Chief Financial Officer
Signature
/s/ Andrew E. Grimmig, as Attorney-in-Fact for Nicola T. Allais
Issuer symbol
DV
Transactions as of
12 Sep 2024
Net transactions value
-$147,564
Form type
4
Filing time
16 Sep 2024, 16:02:30 UTC
Previous filing
22 Aug 2024
Next filing
30 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $3,546 +1,764 +2.3% $2.01 79,078 12 Sep 2024 Direct
transaction DV Common Stock Sale $31,564 -1,764 -2.2% $17.89 77,314 12 Sep 2024 Direct F1, F2
transaction DV Common Stock Options Exercise $3,546 +1,764 +2.3% $2.01 79,078 13 Sep 2024 Direct
transaction DV Common Stock Sale $30,730 -1,764 -2.2% $17.42 77,314 13 Sep 2024 Direct F1, F3
transaction DV Common Stock Options Exercise $0 +2,489 +3.2% $0.000000 79,803 15 Sep 2024 Direct F4
transaction DV Common Stock Tax liability $23,987 -1,377 -1.7% $17.42 78,426 15 Sep 2024 Direct F5
transaction DV Common Stock Options Exercise $0 +4,063 +5.2% $0.000000 82,489 15 Sep 2024 Direct F6
transaction DV Common Stock Tax liability $39,143 -2,247 -2.7% $17.42 80,242 15 Sep 2024 Direct F7
transaction DV Common Stock Options Exercise $0 +3,034 +3.8% $0.000000 83,276 15 Sep 2024 Direct F8
transaction DV Common Stock Tax liability $29,231 -1,678 -2% $17.42 81,598 15 Sep 2024 Direct F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DV Options (Rights to Buy) Options Exercise $0 -1,764 -0.55% $0.000000 317,804 12 Sep 2024 Common Stock 1,764 $2.01 Direct F10
transaction DV Options (Rights to Buy) Options Exercise $0 -1,764 -0.56% $0.000000 316,040 13 Sep 2024 Common Stock 1,764 $2.01 Direct F10
transaction DV Restricted Stock Units Options Exercise $0 -2,489 -17% $0.000000 12,443 15 Sep 2024 Common Stock 2,489 Direct F4, F11
transaction DV Restricted Stock Units Options Exercise $0 -4,063 -10% $0.000000 36,559 15 Sep 2024 Common Stock 4,063 Direct F6, F11
transaction DV Restricted Stock Units Options Exercise $0 -3,034 -7.1% $0.000000 39,442 15 Sep 2024 Common Stock 3,034 Direct F8, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $17.83 to $17.99, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $17.31 to $17.585, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 The restricted stock units were granted on December 10, 2021. 6.25% of the restricted stock units vested and were settled on March 15, 2022 (the "2022 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2022 Vesting Date.
F5 Represents shares withheld to satisfy tax obligations in connection with the vesting of 2,489 restricted stock units on September 15, 2024.
F6 The restricted stock units were granted on December 12, 2022. 6.25% of the restricted stock units vested and were settled on March 15, 2023 (the "2023 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2023 Vesting Date.
F7 Represents shares withheld to satisfy tax obligations in connection with the vesting of 4,063 restricted stock units on September 15, 2024.
F8 The restricted stock units were granted on December 19, 2023. 6.25% of the restricted stock units vested and were settled on March 15, 2024 (the "2024 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2024 Vesting Date.
F9 Represents shares withheld to satisfy tax obligations in connection with the vesting of 3,034 restricted stock units on September 15, 2024.
F10 Represents non-qualified stock options granted on January 4, 2018, 25% of which vested on November 6, 2018 and the remainder of which vested at a rate of 6.25% per quarter thereafter, subject to Mr. Allais's continued employment. The options fully vested on November 6, 2021.
F11 Restricted stock units convert into common stock on a one-for-one basis.