Form 4: DoubleVerify CFO Nicola T. Allais Executes Stock Option Sales Under 10b5-1 Plan

DoubleVerify Holdings' CFO, Nicola T. Allais, executed stock option exercises and sales on September 26 and 27, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., reported transactions involving common stock on September 26 and 27, 2024.
• These transactions involved the exercise of stock options at a price of $2.01 and subsequent sales of the acquired shares.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 14, 2023.
• On both September 26 and 27, 1,764 shares were acquired through option exercise and then sold.
• The weighted average sale price on September 26 was $16.9441, with individual sales ranging from $16.90 to $17.01.
• The weighted average sale price on September 27 was $17.2847, with individual sales ranging from $17.23 to $17.35.
• Following these transactions, Allais directly owns 81,598 shares of DoubleVerify Holdings, Inc.
• Allais also holds options to buy 312,512 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It is common for executives to utilize 10b5-1 plans to diversify their holdings over time.

Comparison to Industry Standards

• Executive compensation packages often include stock options as a form of long-term incentive.
• Rule 10b5-1 trading plans are a standard practice among corporate executives to avoid accusations of insider trading.
• The vesting schedule of the options is typical, with a combination of time-based and performance-based vesting conditions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of a pre-arranged trading plan and do not reflect a change in the company's fundamentals.

Key Dates