Form 4: DoubleVerify Director Lucy Stamell Dobrin Reports Vesting and New Equity Grant

DoubleVerify Holdings, Inc. Director Lucy Stamell Dobrin filed a Form 4 detailing the vesting of 10,724 restricted stock units and the grant of 14,609 new restricted stock units.

Summary

• Lucy Stamell Dobrin, a Director of DoubleVerify Holdings, Inc. (DV), filed a Form 4 statement of changes in beneficial ownership.
• On May 21, 2025, 10,724 restricted stock units (RSUs) granted on May 23, 2024, fully vested and converted into common stock.
• These 10,724 shares of common stock were subsequently transferred to Providence Equity Partners L.L.C. in accordance with their internal policy.
• Also on May 21, 2025, Ms. Dobrin was granted 14,609 new time-based restricted stock units as part of DoubleVerify's annual equity grant under its non-employee director compensation program.
• The newly granted 14,609 RSUs will vest on the earlier of May 21, 2026, or the date of DoubleVerify Holdings, Inc.'s 2026 Annual Meeting of Stockholders, contingent on Ms. Dobrin's continued service.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing detailing insider transactions related to director compensation, which is neither inherently positive nor negative for the company's operational or financial performance.

Positives

• The grant of 14,609 new restricted stock units indicates continued equity compensation for a non-employee director, aligning her interests with shareholders for future performance.

Negatives

• The transfer of 10,724 vested shares to Providence Equity Partners L.L.C. means these shares are no longer directly beneficially owned by the director, although this is stated to be pursuant to an internal policy.

Future Outlook

The newly granted 14,609 restricted stock units are set to vest on the earlier of May 21, 2026, or the date of the company's 2026 Annual Meeting of Stockholders, subject to the director's continued service.

Industry Context

This filing is a routine disclosure of insider equity transactions, common across all publicly traded companies, reflecting standard compensation practices for non-employee directors.

Corporate Governance

Related Party Transactions

• The transfer of 10,724 shares of common stock to Providence Equity Partners L.L.C. was made pursuant to the terms of Providence Equity Partner L.L.C.'s internal policy, suggesting a pre-existing arrangement or affiliation between the director and Providence Equity Partners L.L.C.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding director compensation and equity ownership changes, which is a standard governance practice.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The 14,609 restricted stock units granted on May 21, 2025, are expected to vest on the earlier of May 21, 2026, or the date of DoubleVerify Holdings, Inc.'s 2026 Annual Meeting of Stockholders.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Restricted Stock Units, Equity Compensation, Director Compensation, DoubleVerify Holdings Inc., DV, Beneficial Ownership