Form 4: DoubleVerify CEO Mark Zagorski Reports Stock Transactions
SEC Form 4
Mark Zagorski, CEO of DoubleVerify Holdings, Inc., reports the vesting and tax-related disposal of restricted stock units.
Summary
- On September 15, 2024, Mark Zagorski, the CEO of DoubleVerify Holdings, Inc., reported transactions involving common stock and restricted stock units.
- Zagorski acquired 6,471 shares of common stock upon the vesting of restricted stock units granted on December 10, 2021.
- He also acquired 7,802 shares of common stock upon the vesting of restricted stock units granted on December 19, 2023.
- Shares were withheld to satisfy tax obligations related to the vesting of these restricted stock units; 3,579 shares were withheld at a price of $17.42 per share for the first vesting, and 4,315 shares were withheld at the same price for the second vesting.
- Following these transactions, Zagorski beneficially owns 400,730 shares of common stock.
- He also holds 101,421 restricted stock units related to the December 19, 2023 grant, 84,375 restricted stock units related to the December 12, 2022 grant, and 32,355 restricted stock units related to the December 10, 2021 grant.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Positives
- The vesting of restricted stock units indicates that performance milestones or time-based vesting requirements have been met.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine vesting and tax-related disposals.
Key Dates
| Date | Description |
|---|---|
| December 10, 2021 | Date of grant for some of the restricted stock units. |
| March 15, 2022 | First vesting date for restricted stock units granted on December 10, 2021. |
| December 12, 2022 | Date of grant for some of the restricted stock units. |
| March 15, 2023 | First vesting date for restricted stock units granted on December 12, 2022. |
| December 19, 2023 | Date of grant for some of the restricted stock units. |
| March 15, 2024 | First vesting date for restricted stock units granted on December 19, 2023. |
| September 15, 2024 | Date of the reported transactions (vesting and tax withholding). |
| September 17, 2024 | Date of the Form 4 filing. |
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