Andrew E. Grimmig - Mar 15, 2024 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Signature
/s/ Andrew E. Grimmig
Stock symbol
DV
Transactions as of
Mar 15, 2024
Transactions value $
-$1,771,775
Form type
4
Date filed
3/19/2024, 04:04 PM
Previous filing
Feb 20, 2024
Next filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $0 +1.49K +2.39% $0.00 64.1K Mar 15, 2024 Direct F1
transaction DV Common Stock Tax liability -$16.5K -498 -0.78% $33.09 63.6K Mar 15, 2024 Direct F2
transaction DV Common Stock Options Exercise $0 +10K +15.73% $0.00 73.6K Mar 15, 2024 Direct F3, F4
transaction DV Common Stock Tax liability -$102K -3.1K -4.21% $33.09 70.5K Mar 15, 2024 Direct F5
transaction DV Common Stock Options Exercise $0 +2.5K +3.55% $0.00 73K Mar 15, 2024 Direct F4
transaction DV Common Stock Tax liability -$27.6K -833 -1.14% $33.09 72.1K Mar 15, 2024 Direct F6
transaction DV Common Stock Options Exercise $0 +2.38K +3.3% $0.00 74.5K Mar 15, 2024 Direct F7
transaction DV Common Stock Tax liability -$26.3K -794 -1.07% $33.09 73.7K Mar 15, 2024 Direct F8
transaction DV Common Stock Options Exercise $108K +16.7K +22.61% $6.45* 90.4K Mar 18, 2024 Direct
transaction DV Common Stock Sale -$556K -16.7K -18.44% $33.37 73.7K Mar 18, 2024 Direct F9, F10
transaction DV Common Stock Sale -$680K -20.3K -27.58% $33.43 53.4K Mar 18, 2024 Direct F9, F11
transaction DV Common Stock Sale -$471K -13.9K -26.08% $33.79 39.5K Mar 18, 2024 Direct F9, F12

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 -1.49K -12.5% $0.00 10.5K Mar 15, 2024 Common Stock 1.49K Direct F1, F13
transaction DV Restricted Stock Units Options Exercise $0 -2.5K -8.33% $0.00 27.5K Mar 15, 2024 Common Stock 2.5K Direct F4, F13
transaction DV Restricted Stock Units Options Exercise $0 -2.38K -6.25% $0.00 35.8K Mar 15, 2024 Common Stock 2.38K Direct F7, F13
transaction DV Options (Rights to Buy) Options Exercise $0 -16.7K -8.28% $0.00 185K Mar 18, 2024 Common Stock 16.7K $6.45 Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The restricted stock units were granted on December 10, 2021. 6.25% of the restricted stock units vested and were settled on March 15, 2022 (the "2022 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2022 Vesting Date.
F2 Represents shares withheld to satisfy tax obligations in connection with the vesting of 1,493 RSUs on March 15, 2024.
F3 As reported previously, the reporting person made an election under the Issuer's deferred compensation plan to defer delivery of the first four tranches of vested shares until March 2024 or, if sooner, as soon as administratively feasible following his separation from service with the Issuer.
F4 The restricted stock units were granted on December 12, 2022. 6.25% of the restricted stock units vested on March 15, 2023 (the "2023 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2023 Vesting Date.
F5 Represents shares withheld to satisfy tax obligations in connection with the settlement of 10,000 RSUs on March 15, 2024.
F6 Represents shares withheld to satisfy tax obligations in connection with the vesting of 2,500 RSUs on March 15, 2024.
F7 The restricted stock units were granted on December 19, 2023. 6.25% of the restricted stock units vested and were settled on March 15, 2024 (the "2024 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2024 Vesting Date.
F8 Represents shares withheld to satisfy tax obligations in connection with the vesting of 2,384 RSUs on March 15, 2024.
F9 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2023.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $33.10 to $33.61, 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $32.71 to $33.70, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $33.705 to $33.90, 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.
F13 Restricted stock units convert into common stock on a one-for-one basis.
F14 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.