Form 4: Director Rosario Perez Executes Equity Grant at DoubleVerify
Statement of Changes in Beneficial Ownership
Director Rosario C. Perez acquired 14,609 shares of DoubleVerify common stock through the vesting of restricted stock units and received a new grant of 20,000 units.
Summary
- Director Rosario C. Perez exercised and settled 14,609 restricted stock units (RSUs) on May 21, 2026.
- The transaction resulted in the acquisition of 14,609 shares of common stock at a price of $0 per share.
- Following the transaction, the director holds a total of 46,526 shares of common stock.
- The director was granted an additional 20,000 time-based RSUs as part of the annual non-employee director compensation program.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a routine disclosure of director compensation and equity vesting rather than a strategic shift or market-moving event.
Positives
- Director maintains a significant equity stake of 46,526 shares, aligning interests with shareholders.
- The equity grant reflects standard corporate governance practices for non-employee director compensation.
Negatives
- None identified; this is a routine disclosure of director equity compensation.
Risks
- Future vesting of the 20,000 newly granted RSUs is subject to the director's continued service with the company.
Future Outlook
The director is scheduled to vest 20,000 restricted stock units on the earlier of May 21, 2027, or the date of the 2027 Annual Meeting of Stockholders.
Industry Context
StockSavvy.ai notes that this filing represents standard director compensation activity within the digital advertising verification sector, where equity-based incentives are common to ensure long-term board commitment.
Comparison to Industry Standards
- The use of time-based RSU grants for non-employee directors is consistent with compensation structures at peer companies like Integral Ad Science (IAS) and PubMatic (PUBM).
- The one-year vesting cycle for director equity is a standard industry practice for public technology companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Annual equity grant of 20,000 RSUs to non-employee director. | 05/21/2026 | Standard alignment of director incentives with company performance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation.
- Director: Increased equity stake in the company.
Next Steps
- Vesting of 20,000 RSUs on May 21, 2027, or the 2027 Annual Meeting of Stockholders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Original grant date of the RSUs that vested. |
| 05/21/2026 | Vesting date of 14,609 RSUs and grant date of 20,000 new RSUs. |
| 05/22/2026 | Filing date of the Form 4. |
| 05/21/2027 | Expected vesting date for the new 20,000 RSU grant. |
Keywords
DoubleVerify, DV, Form 4, Insider Trading, Director Compensation, Equity Grant, Restricted Stock Units
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