Filing Details
- Accession Number:
- 0001209191-23-038337
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-06-20 16:05:04
- Reporting Period:
- 2023-06-15
- Accepted Time:
- 2023-06-20 16:05:04
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1819928 | Doubleverify Holdings Inc. | DV | Services-Computer Programming, Data Processing, Etc. (7370) | 822714562 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1854079 | E Andrew Grimmig | C/O Doubleverify Holdings, Inc. 462 Broadway New York NY 10013 | Chief Legal Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-06-15 | 1,493 | $0.00 | 58,482 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-06-15 | 722 | $36.97 | 57,760 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-06-15 | 64,001 | $6.45 | 121,761 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-06-15 | 64,001 | $36.79 | 57,760 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-06-16 | 55,999 | $6.45 | 113,759 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-06-16 | 55,999 | $36.79 | 57,760 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2023-06-15 | 1,493 | $0.00 | 1,493 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-06-15 | 2,500 | $0.00 | 2,500 | $0.00 |
| Common Stock | Options (Rights to Buy) | Disposition | 2023-06-15 | 64,001 | $0.00 | 64,001 | $6.45 |
| Common Stock | Options (Rights to Buy) | Disposition | 2023-06-16 | 55,999 | $0.00 | 55,999 | $6.45 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 14,930 | No | 4 | M | Direct | ||
| 35,000 | No | 4 | M | Direct | ||
| 257,173 | 2030-04-27 | No | 4 | M | Direct | |
| 201,174 | 2030-04-27 | No | 4 | M | Direct |
Footnotes
- 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.
- Represents shares withheld to satisfy tax obligations in connection with the vesting of 1,493 RSUs on June 15, 2023.
- 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $36.45 to $37.08, 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $36.62 to $37.02, 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.
- Restricted stock units convert into common stock on a one-for-one basis.
- 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.
- 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.
- 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.
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