Filing Details
- Accession Number:
- 0001209191-23-030132
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-17 16:03:59
- Reporting Period:
- 2023-05-15
- Accepted Time:
- 2023-05-17 16:03:59
- 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 | 2023-05-15 | 40,000 | $6.45 | 95,964 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-05-15 | 40,000 | $28.00 | 55,964 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-05-15 | 1,983 | $0.00 | 57,947 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-05-15 | 958 | $28.37 | 56,989 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Options (Rights to Buy) | Disposition | 2023-05-15 | 40,000 | $0.00 | 40,000 | $6.45 |
| Common Stock | Restricted Stock Units | Disposition | 2023-05-15 | 1,983 | $0.00 | 1,983 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 321,174 | 2030-04-27 | No | 4 | M | Direct | |
| 13,879 | No | 4 | M | Direct |
Footnotes
- 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 $27.78 to $28.29, 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.
- 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.
- Represents shares withheld to satisfy tax obligations in connection with the vesting of 1,983 RSUs on May 15, 2023.
- 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.
- RSUs convert into common stock on a one-for-one basis.
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