Andrew E. Grimmig - 15 Aug 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 Aug 2023
Net transactions value
-$31,154
Form type
4
Filing time
17 Aug 2023, 17:07:44 UTC
Previous filing
20 Jun 2023
Next filing
19 Sep 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 +3.4% $0.000000 59,743 15 Aug 2023 Direct F1
transaction DV Common Stock Tax liability $31,154 -958 -1.6% $32.52 58,785 15 Aug 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 -14% $0.000000 11,896 15 Aug 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 August 15, 2023.
F3 RSUs convert into common stock on a one-for-one basis.