Andrew E. Grimmig - 15 Feb 2023 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 Feb 2023
Net transactions value
-$21,693
Form type
4
Filing time
17 Feb 2023, 15:06:53 UTC
Previous filing
19 Dec 2022
Next filing
15 Mar 2023
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 +3.7% $0.000000 55,734 15 Feb 2023 Direct F1
transaction DV Common Stock Tax liability $21,693 -766 -1.4% $28.32 54,968 15 Feb 2023 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 -11% $0.000000 15,862 15 Feb 2023 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 February 15, 2023.
F3 RSUs convert into common stock on a one-for-one basis.