Form 4: DoubleVerify CFO Nicola T. Allais Executes Stock Option Exercise and Sale
SEC Form 4 Filing
DoubleVerify's CFO, Nicola T. Allais, exercised stock options and sold shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 18 and 19, 2024, Nicola T. Allais, the CFO of DoubleVerify Holdings, Inc., exercised options to purchase 1,764 shares of common stock on each day at a price of $2.01 per share.
- Simultaneously, Allais sold 1,764 shares on each day at weighted average prices of $20.1637 and $19.4795, respectively.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on November 14, 2023.
- Following these transactions, Allais directly owns 77,314 shares of DoubleVerify common stock and 326,624 options.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Positives
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which can mitigate concerns about insider trading.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. The use of Rule 10b5-1 trading plans is a standard practice to allow insiders to sell shares without raising concerns about trading on non-public information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests no material impact.
Key Dates
| Date | Description |
|---|---|
| 2018-01-04 | Grant date of non-qualified stock options |
| 2018-11-06 | First vesting date of options (25%) |
| 2021-11-06 | Options fully vested |
| 2023-11-14 | Adoption date of Rule 10b5-1 trading plan |
| 2024-07-18 | Transaction date: Option exercise and stock sale |
| 2024-07-19 | Transaction date: Option exercise and stock sale |
| 2024-07-22 | Date of Form 4 signature |
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