Form 4: DoubleVerify CFO Nicola T. Allais Executes Stock Option Exercises and Sales

Sentiment:

SEC Form 4 Filing


Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., executed option exercises and sales of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

  • On June 17 and 18, 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 of common stock on each day at weighted average prices of $18.7103 and $18.7268, 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 333,680 options.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and their alignment with shareholder interests.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal given the relatively small number of shares involved.

Key Dates

DateDescription
01/04/2018Date of non-qualified stock options grant.
11/06/201825% of options vested.
11/14/2023Date of adoption of Rule 10b5-1 trading plan.
06/17/2024Date of first reported transaction (option exercise and stock sale).
06/18/2024Date of second reported transaction (option exercise and stock sale).
06/20/2024Date of signature on the Form 4 filing.

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