Form 4: Director Scott Wagner Executes Equity Transactions at DV

Director Scott Wagner acquired 14,609 shares of DoubleVerify Holdings, Inc. through the vesting of restricted stock units and received a new grant of 20,000 units.

Summary

• Director Scott Wagner exercised 14,609 restricted stock units (RSUs) which vested on May 21, 2026.
• The exercised shares are held indirectly through Hilltopper LLC, an entity wholly-owned by Mr. Wagner.
• Mr. Wagner received a new grant of 20,000 time-based RSUs as part of the company's non-employee director compensation program.
• The new RSU grant is scheduled to vest on the earlier of May 21, 2027, or the 2027 Annual Meeting of Stockholders.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents standard director compensation and equity maintenance rather than a strategic shift or market-moving insider activity.

Positives

• Director maintains alignment with shareholder interests through continued equity ownership.
• The transaction reflects standard annual equity compensation for non-employee directors.

Negatives

• None identified.

Risks

• Vesting of the new 20,000 RSU grant is subject to the reporting person's continued service as a director.

Future Outlook

The director's new RSU grant is expected to vest on May 21, 2027, or the date of the 2027 Annual Meeting of Stockholders, contingent upon continued service.

Industry Context

StockSavvy.ai notes that this filing represents routine director compensation activity within the digital advertising verification sector, showing no unusual insider sentiment.

Comparison to Industry Standards

• The equity grant structure is consistent with standard corporate governance practices for publicly traded technology companies.
• Director compensation programs at peers like Integral Ad Science (IAS) typically utilize similar RSU vesting schedules.

Related Party Transactions

• Shares are held by Hilltopper LLC, an entity wholly-owned by Director Scott Wagner.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine compensation-related transaction.

Next Steps

• Vesting of 20,000 RSUs on or before May 21, 2027.

Key Dates

Keywords

DoubleVerify, DV, Insider Trading, Form 4, Equity Compensation, Director Compensation