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

Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., executed sales of common stock on March 25 and 26, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• This Form 4 filing details transactions by Nicola T. Allais, the Chief Financial Officer of DoubleVerify Holdings, Inc.
• On March 25 and 26, 2024, Allais exercised stock options and sold shares of DoubleVerify common stock.
• The transactions were executed under a Rule 10b5-1 trading plan adopted on November 14, 2023.
• On each day, 5,292 options were exercised at a price of $2.01 per share, and 5,292 shares were sold on the open market.
• The sales on March 25 occurred at a weighted average price of $33.5472, ranging from $33.45 to $33.81.
• The sales on March 26 occurred at a weighted average price of $33.455, ranging from $33.38 to $33.53.
• Following these transactions, Allais directly owns 73,030 shares of common stock and 368,960 options.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. The use of a 10b5-1 plan suggests the transactions were pre-planned and not based on any specific positive or negative information.

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.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates