Form 4: DoubleVerify Chief Legal Officer Acquires Over 12,000 Shares Through Routine Equity Vesting

Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, Inc., increased his direct beneficial ownership by 12,292 common shares on June 15, 2025, through the vesting and settlement of restricted and performance stock units.

Summary

• Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, Inc. (DV), acquired a total of 12,292 common shares on June 15, 2025.
• These acquisitions resulted from the vesting and settlement of various Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) granted between December 2021 and March 2025.
• The transactions involved the conversion of 5,073 RSUs, 842 PSUs, 2,384 RSUs, 2,500 RSUs, and 1,493 RSUs into common stock, all at an exercise price of $0.
• Following these transactions, Mr. Grimmig's direct beneficial ownership of DoubleVerify common stock increased to 88,105 shares.
• He retains beneficial ownership of 71,022 unvested RSUs from a March 2025 grant, 5,054 unvested PSUs from a December 2023 grant, 23,837 unvested RSUs from a December 2023 grant, 15,000 unvested RSUs from a December 2022 grant, and 2,986 unvested RSUs from a December 2021 grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a routine transaction, it represents an increase in insider ownership, which can be viewed favorably as it aligns management's interests with shareholders. There are no negative implications from this specific filing.

Positives

• The Chief Legal Officer's increased direct beneficial ownership aligns his interests more closely with those of shareholders.
• The acquisition of shares through vesting indicates the continued execution of the company's long-term equity incentive plans for executives.

Future Outlook

The remaining unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) held by Mr. Grimmig are scheduled to vest quarterly on anniversaries of their respective vesting dates, indicating future routine share acquisitions.

Industry Context

This filing represents a routine insider transaction related to equity compensation, common across publicly traded companies in all industries, including the ad-tech and digital measurement sector where DoubleVerify operates. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder interests due to higher direct ownership.
• Employees: Reinforces the company's commitment to long-term equity incentive programs for key personnel.

Next Steps

• Continued quarterly vesting of remaining Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) held by Andrew E. Grimmig, as per their respective schedules.

Key Dates

Keywords

DoubleVerify Holdings, DV, Andrew E. Grimmig, Chief Legal Officer, SEC Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Performance Stock Units, Equity Compensation