Andrew E. Grimmig - 15 May 2022 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Role: Chief Legal Officer
Signature: /s/ Andrew E. Grimmig
Issuer symbol: DV
Transactions as of: 15 May 2022
Net transactions value: -$21,162
Form type: 4
Filing time: 17 May 2022, 16:30:10 UTC
Previous filing: 20 Apr 2022
Next filing: 19 May 2022
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	$0	+1,983	+6.7%	$0.000000	31,394	15 May 2022	Direct	F1
transaction	DV	Common Stock	Tax liability	$21,162	-958	-3.1%	$22.09	30,436	15 May 2022	Direct	F2

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	Restricted Stock Units	Options Exercise	$0	-1,983	-8.3%	$0.000000	21,811	15 May 2022	Common Stock	1,983		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") was granted on February 17, 2021 and represents a right to receive one share of common stock on a one-to-one basis. 25% of the RSUs vested and were settled on February 15, 2022, and the other remaining RSUs have continued, and will continue, to vest at a rate of 6.25% per quarter thereafter, subject to Mr. Grimmig's continued employment through the applicable vesting date.
F2	Represents shares withheld to satisfy tax obligations in connection with the vesting of 1,983 RSUs on May 15, 2022.
F3	RSUs convert into common stock on a one-for-one basis.