Form 4: DoubleVerify CFO Nicola T. Allais Reports Stock Transactions
SEC Form 4 Filing
Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., reports the acquisition and disposal of common stock and derivative securities, including options and restricted stock units, through various transactions.
Summary
- Nicola T. Allais, the Chief Financial Officer of DoubleVerify Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions from September 12, 2024, to September 15, 2024.
- These transactions involve the acquisition and disposal of common stock through the exercise of options and vesting of restricted stock units.
- Some sales were executed under a pre-arranged Rule 10b5-1 trading plan.
- The reported transactions resulted in a final direct holding of 81,598 shares of common stock and 316,040 options.
- Shares were also withheld to cover tax obligations related to vesting restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing is a routine disclosure of stock transactions by a company insider. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Positives
- The vesting of restricted stock units indicates a continued alignment of the CFO's interests with the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.
Stakeholder Impact
- Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/04/2018 | Date of grant for non-qualified stock options. |
| 11/06/2018 | 25% of stock options vested. |
| 12/10/2021 | Date of grant for restricted stock units. |
| 11/06/2021 | Stock options fully vested. |
| 03/15/2022 | 2022 Vesting Date for restricted stock units. |
| 12/12/2022 | Date of grant for restricted stock units. |
| 03/15/2023 | 2023 Vesting Date for restricted stock units. |
| 11/14/2023 | Date of adoption of Rule 10b5-1 trading plan. |
| 12/19/2023 | Date of grant for restricted stock units. |
| 03/15/2024 | 2024 Vesting Date for restricted stock units. |
| 09/12/2024 | Transaction date for stock option exercise and sale. |
| 09/13/2024 | Transaction date for stock option exercise and sale. |
| 09/15/2024 | Transaction date for vesting of restricted stock units and tax withholding. |
| 09/16/2024 | Date of Form 4 signature. |
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