Matthew F. McLaughlin - Nov 18, 2021 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Signature
/s/ Andrew E. Grimmig, as Attorney-in-Fact for Matthew F. McLaughlin
Stock symbol
DV
Transactions as of
Nov 18, 2021
Transactions value $
-$19,717,967
Form type
4
Date filed
11/22/2021, 03:06 PM
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $1.41M +700K +70000000% $2.01* 700K Nov 18, 2021 By Trust F1
transaction DV Common Stock Tax liability -$9.34M -297K -42.39% $31.49 403K Nov 18, 2021 By Trust F1, F2, F3
transaction DV Common Stock Tax liability -$1.9M -59K -14.63% $32.21 344K Nov 18, 2021 By Trust F1, F2, F4
transaction DV Common Stock Tax liability -$1.16M -35.2K -10.22% $33.00 309K Nov 18, 2021 By Trust F1, F2, F5
transaction DV Common Stock Options Exercise $1.01M +503K +162.69% $2.01* 812K Nov 19, 2021 By Trust F1
transaction DV Common Stock Tax liability -$6.22M -194K -23.94% $31.98 618K Nov 19, 2021 By Trust F1, F6, F7
transaction DV Common Stock Tax liability -$3.51M -107K -17.38% $32.74 510K Nov 19, 2021 By Trust F1, F6, F8

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 -700K -58.2% $0.00 503K Nov 18, 2021 Common Stock 700K $2.01 By Trust F1, F9, F10
transaction DV Options (Rights to Buy) Options Exercise $0 -503K -100% $0.00* 0 Nov 19, 2021 Common Stock 503K $2.01 By Trust F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares and options held by The McLaughlin Family Trust for which Mr. McLaughlin is a trustee.
F2 Represents shares disposed to pay the exercise price and satisfy tax obligations in connection with the exercise of 700,000 options on November 18, 2021.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $30.87 to $31.86, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.87 to $32.86, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $32.87 to $33.13, 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.
F6 Represents shares disposed to pay the exercise price and satisfy tax obligations in connection with the exercise of 502,825 options on November 19, 2021.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.40 to $32.39, 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $32.40 to $33.20, 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.
F9 Represents non-qualified stock options granted on September 20, 2017, 25% of which vested on September 20, 2018 and the remainder of which vested at a rate of 6.25% per quarter thereafter, subject to Mr. McLaughlin's continued employment. The options fully vested on September 20, 2021.
F10 The total was increased by one share due to an administrative calculation error due to rounding of the vested amount.