Form 4: DoubleVerify CFO's Equity Vesting and Tax Withholding

DoubleVerify Holdings, Inc. CFO Nicola T. Allais reported the vesting of restricted and performance stock units and subsequent tax-related share dispositions.

Summary

• Nicola T. Allais, Chief Financial Officer of DoubleVerify Holdings, Inc. (DV), reported multiple transactions on December 15, 2025.
• These transactions involved the acquisition of 17,420 shares of Common Stock at a price of $0, resulting from the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• Concurrently, 9,635 shares of Common Stock were disposed of at a price of $10.83 per share to satisfy tax withholding obligations related to the vested units.
• The net effect of these transactions resulted in an increase of 7,785 shares in direct beneficial ownership.
• Following these reported transactions, Nicola T. Allais directly beneficially owns 123,316 shares of Common Stock.
• Remaining derivative securities include 16,248 Restricted Stock Units, 24,272 Restricted Stock Units, 4,289 Performance Stock Units, and 81,168 Restricted Stock Units, all converting to common stock on a one-for-one basis with various future vesting schedules.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it reflects the vesting of equity awards for a key executive, aligning their interests with shareholders. The tax withholding is a routine part of such transactions and does not detract significantly from the overall positive implication of increased insider ownership.

Positives

• The vesting of 17,420 Restricted Stock Units and Performance Stock Units at a $0 exercise price represents a significant increase in the CFO's equity stake in DoubleVerify Holdings, Inc.
• The continued vesting of equity awards aligns the interests of the Chief Financial Officer with those of shareholders, indicating long-term commitment.

Negatives

• A total of 9,635 shares were disposed of to cover tax withholding obligations, reducing the net number of shares received from the vesting events.

Future Outlook

The filing indicates ongoing vesting schedules for various Restricted Stock Units and Performance Stock Units, with future vesting occurring on quarterly anniversaries of their respective vesting dates (March 15, 2022, March 15, 2023, March 15, 2024, and March 15, 2025).

Industry Context

This Form 4 filing is a routine disclosure of insider equity transactions, common across all publicly traded companies. It reflects standard compensation practices involving equity awards for executives in the ad-tech and digital verification industry, aligning executive incentives with company performance.

Stakeholder Impact

• Shareholders: The increase in the CFO's direct beneficial ownership aligns management's interests with shareholder value creation.
• Employees: The vesting of equity awards is a standard component of executive compensation, potentially signaling stability in compensation practices.

Next Steps

• Future vesting of remaining Restricted Stock Units and Performance Stock Units will occur on quarterly anniversaries of their respective vesting dates.

Key Dates

Keywords

DoubleVerify Holdings, DV, Form 4, Insider Transaction, Restricted Stock Units, Performance Stock Units, Equity Vesting, CFO, Share Ownership, Tax Withholding