Andrew E. Grimmig - 13 Mar 2023 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Signature
/s/ Andrew E. Grimmig
Issuer symbol
DV
Transactions as of
13 Mar 2023
Net transactions value
-$712,304
Form type
4
Filing time
15 Mar 2023, 16:28:09 UTC
Previous filing
17 Feb 2023
Next filing
17 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $258,000 +40,000 +73% $6.45* 94,968 13 Mar 2023 Direct
transaction DV Common Stock Sale $652,677 -27,144 -29% $24.04 67,824 13 Mar 2023 Direct F1, F2
transaction DV Common Stock Sale $317,627 -12,856 -19% $24.71 54,968 13 Mar 2023 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 -40,000 -9.1% $0.000000 401,174 13 Mar 2023 Common Stock 40,000 $6.45 Direct F4, 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 on December 22, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $23.425 to $24.42, 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 $24.425 to $24.99, 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 April 27, 2020, 25% of which vested on March 30, 2021 and the remainder of which vest at a rate of 6.25% per quarter thereafter, subject to Mr. Grimmig's continued employment.
F5 The total was increased by one share due to an administrative calculation error due to rounding of the vested amount.