Form 4: DoubleVerify CFO Nicola T. Allais Executes Stock Option Sales Under 10b5-1 Plan
SEC Form 4 Filing
DoubleVerify's CFO, Nicola T. Allais, executed stock option exercises and sales on July 8th and 9th, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Nicola T. Allais, the Chief Financial Officer of DoubleVerify Holdings, Inc., reported changes in beneficial ownership of the company's stock.
- On July 8, 2024, Allais exercised options to acquire 1,764 shares of common stock at a price of $2.01 per share and then sold 1,764 shares at a weighted average price of $20.0478.
- Following these transactions, Allais directly owns 77,314 shares of DoubleVerify common stock.
- On July 9, 2024, Allais again exercised options to acquire 1,764 shares of common stock at a price of $2.01 per share and then sold 1,764 shares at a weighted average price of $20.021.
- Following these transactions, Allais directly owns 77,314 shares of DoubleVerify common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 14, 2023.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 2018-01-04 | Date of non-qualified stock options grant. |
| 2018-11-06 | 25% of stock options vested. |
| 2021-11-06 | Stock options fully vested. |
| 2023-11-14 | Date the Rule 10b5-1 trading plan was adopted. |
| 2024-07-08 | Date of first reported transaction: exercise of options and sale of shares. |
| 2024-07-09 | Date of second reported transaction: exercise of options and sale of shares. |
| 2024-07-10 | Date of Form 4 filing. |
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