Form 4: DoubleVerify CFO Nicola T. Allais Executes Stock Option Sales Under 10b5-1 Plan
SEC Form 4 Filing
DoubleVerify's Chief Financial Officer, Nicola T. Allais, sold a total of 4,494 shares of common stock after exercising stock options, according to a recent SEC filing.
Summary
- Nicola T. Allais, the Chief Financial Officer of DoubleVerify Holdings, Inc., engaged in transactions involving the company's stock.
- On November 21, 2024, Allais exercised options to acquire 2,274 shares at $2.01 per share and then sold the same amount of shares at a weighted average price of $20.0143.
- On November 22, 2024, Allais exercised options to acquire 2,220 shares at $2.01 per share and then sold the same amount of shares at a weighted average price of $20.0876.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024.
- Following these transactions, Allais directly owns 81,598 shares of common stock and 297,434 options.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive. It doesn't indicate any positive or negative sentiment, but rather is a neutral disclosure of activity.
Risks
- The sale of shares by a high-ranking executive could be perceived negatively by some investors, although it was conducted under a pre-arranged trading plan.
Industry Context
This filing is a routine disclosure of insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies to avoid accusations of insider trading.
- The reported transactions are typical for executives who receive stock options as part of their compensation package.
- The sale prices are within the normal range for market transactions of this type.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as the sale of shares by an executive could be perceived negatively by some investors, although it was conducted under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 01/04/2018 | Date of grant for the non-qualified stock options. |
| 08/09/2024 | Date the Rule 10b5-1 trading plan was adopted by Nicola T. Allais. |
| 11/21/2024 | Date of the first set of stock option exercises and sales. |
| 11/22/2024 | Date of the second set of stock option exercises and sales. |
| 11/25/2024 | Date the Form 4 was signed. |
Keywords
Form 4, SEC Filing, DoubleVerify Holdings, Nicola T. Allais, Stock Options, Rule 10b5-1, Insider Trading, Executive Compensation, Share Sales
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