Form 4: DoubleVerify CFO Nicola Allais Reports Routine Equity Vesting and Tax-Related Share Dispositions

DoubleVerify Holdings, Inc. Chief Financial Officer Nicola T. Allais reported the vesting of various Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) on June 15, 2025, alongside the disposition of shares to cover tax obligations.

Summary

• Nicola T. Allais, Chief Financial Officer of DoubleVerify Holdings, Inc. (DV), reported multiple transactions on June 15, 2025, related to the vesting of equity awards.
• A total of 17,421 shares of Common Stock were acquired through the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs, 1,072 units) at an exercise price of $0.
• Concurrently, 8,513 shares of Common Stock were disposed of at a price of $14.5 per share to satisfy tax withholding obligations associated with these vestings.
• The transactions resulted in a net increase of 8,908 shares in Ms. Allais's direct beneficial ownership.
• Following these transactions, Ms. Allais directly beneficially owns 107,747 shares of DoubleVerify Holdings, Inc. Common Stock.
• The RSUs and PSUs vested according to pre-determined schedules, with various grant dates ranging from December 10, 2021, to March 13, 2025, and quarterly vesting rates of 6.25% or 8.33%.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to executive compensation. It is neutral in sentiment as it reflects standard vesting and tax withholding, without indicating any unusual positive or negative company performance or strategic shifts.

Positives

• The vesting of 17,421 Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) represents a significant component of executive compensation, increasing Ms. Allais's direct equity stake in DoubleVerify Holdings, Inc.
• The acquisition of shares at a $0 exercise price indicates the realization of value from previously granted equity awards.

Negatives

• A total of 8,513 shares were disposed of to cover tax obligations, reducing the net number of shares retained by the CFO from the vested awards.

Future Outlook

The document indicates ongoing vesting schedules for various tranches of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) on a quarterly basis, suggesting future acquisitions of common stock by the CFO as these awards continue to vest.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions and does not provide information on broader industry trends or competitive landscape. It reflects standard executive compensation practices within the technology or ad-tech industry, where equity awards like RSUs and PSUs are common.

Stakeholder Impact

• Shareholders: The vesting and subsequent tax-related sales represent a minor, routine dilution from equity compensation plans, which is generally anticipated.
• Employees: The report highlights the structure of executive compensation, which often mirrors broader employee equity incentive programs, potentially influencing employee morale and retention.
• Executive (Nicola T. Allais): The transactions directly impact the CFO's personal wealth and equity stake in the company, aligning her interests with long-term shareholder value.

Next Steps

• Continued quarterly vesting of remaining Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) as per their respective schedules.
• Future Form 4 filings will be required for subsequent vesting events and any other changes in beneficial ownership by the reporting person.

Key Dates

Keywords

DoubleVerify Holdings Inc., DV, Nicola T. Allais, Chief Financial Officer, CFO, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Performance Stock Units, PSU, Equity Compensation, Stock Vesting, Share Disposition, Tax Withholding