Nicola T. Allais - Feb 3, 2023 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Signature
/s/ Andrew E. Grimmig, as Attorney-in-Fact for Nicola T. Allais
Stock symbol
DV
Transactions as of
Feb 3, 2023
Transactions value $
-$1,260,604
Form type
4
Date filed
2/7/2023, 03:44 PM
Previous filing
Jan 18, 2023
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $79.2K +39.4K +72.83% $2.01* 93.5K Feb 3, 2023 Direct
transaction DV Common Stock Sale -$361K -12.9K -13.8% $27.98 80.6K Feb 3, 2023 Direct F1, F2
transaction DV Common Stock Sale -$749K -26.5K -32.87% $28.26 54.1K Feb 3, 2023 Direct F1, F3
transaction DV Common Stock Options Exercise $17.7K +8.82K +16.3% $2.01* 62.9K Feb 6, 2023 Direct
transaction DV Common Stock Sale -$248K -8.82K -14.02% $28.11 54.1K Feb 6, 2023 Direct F1, F4

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 -39.4K -5.69% $0.00 653K Feb 3, 2023 Common Stock 39.4K $2.01 Direct F5
transaction DV Options (Rights to Buy) Options Exercise $0 -8.82K -1.35% $0.00 644K Feb 6, 2023 Common Stock 8.82K $2.01 Direct F5
* 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 $27.14 to $28.13, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $28.14 to $28.47, 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 $27.48 to $28.37, 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 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.