Mark Zagorski - Dec 31, 2022 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Role
Chief Executive Officer, Director
Signature
/s/ Andrew E. Grimmig, as Attorney-in-Fact for Mark S. Zagorski
Stock symbol
DV
Transactions as of
Dec 31, 2022
Transactions value $
-$131,277
Form type
4
Date filed
1/4/2023, 03:03 PM
Previous filing
Dec 19, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $0 +10.4K +3.15% $0.00 341K Dec 31, 2022 Direct F1
transaction DV Common Stock Tax liability -$131K -5.98K -1.75% $21.96 335K Dec 31, 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 -10.4K -12.5% $0.00 72.9K Dec 31, 2022 Common Stock 10.4K 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 July 28, 2020 and represents a right to receive one share of common stock on a one-to-one basis. 37.5% of the RSUs vested and were settled on April 20, 2021, upon the initial public offering (the "IPO") of common stock of DoubleVerify Holdings, Inc. The remaining RSUs vest on the original vesting schedule as though the IPO had not occurred, subject to Mr. Zagorksi's continued employment through the applicable vesting date.
F2 Represents shares withheld to satisfy tax obligations in connection with the vesting of 10,417 RSUs on December 31, 2022.
F3 Restricted stock units convert into common stock on a one-for-one basis.