Nicola T. Allais - 19 Sep 2022 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: 19 Sep 2022
Net transactions value: -$80,613
Form type: 4
Filing time: 21 Sep 2022, 16:15:22 UTC
Previous filing: 19 Sep 2022
Next filing: 05 Oct 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	$3,230	+1,607	+3.1%	$2.01^*	52,942	19 Sep 2022	Direct
transaction	DV	Common Stock	Sale	$43,058	-1,607	-3%	$26.79	51,335	19 Sep 2022	Direct	F1, F2
transaction	DV	Common Stock	Options Exercise	$3,230	+1,607	+3.1%	$2.01^*	52,942	20 Sep 2022	Direct
transaction	DV	Common Stock	Sale	$44,016	-1,607	-3%	$27.39	51,335	20 Sep 2022	Direct	F1, F3

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	-1,607	-0.22%	$0.000000	738,955	19 Sep 2022	Common Stock	1,607	$2.01	Direct	F4
transaction	DV	Options (Rights to Buy)	Options Exercise	$0	-1,607	-0.22%	$0.000000	737,348	20 Sep 2022	Common Stock	1,607	$2.01	Direct	F4

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

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 and accepted by the issuer on August 12, 2022.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $26.77 to $26.91, 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 $27.26 to $27.49, 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	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.