Form 4: DoubleVerify Director Rosario Perez Reports Routine Equity Transactions

DoubleVerify Holdings, Inc. Director Rosario C. Perez reported the vesting of previously granted restricted stock units and the acquisition of new time-based restricted stock units as part of her compensation.

Summary

• Rosario C. Perez, a Director at DoubleVerify Holdings, Inc. (DV), reported transactions involving the company's equity securities.
• On May 21, 2025, 10,724 restricted stock units (RSUs) granted on May 23, 2024, fully vested and converted into 10,724 shares of common stock on a one-to-one basis.
• Following this conversion, Ms. Perez directly beneficially owns 31,917 shares of DoubleVerify common stock.
• Additionally, on May 21, 2025, Ms. Perez was granted 14,609 new time-based restricted stock units.
• These new RSUs were granted pursuant to the annual equity grant under DoubleVerify Holdings, Inc.'s non-employee director compensation program.
• The 14,609 new RSUs are scheduled to vest on the earlier of May 21, 2026, or the date of DoubleVerify Holdings, Inc.'s 2026 Annual Meeting of Stockholders, subject to Ms. Perez's continued service.
• After these transactions, Ms. Perez directly beneficially owns 14,609 restricted stock units.

Sentiment

Score: 6

Explanation: The document reports routine equity transactions for a director, including RSU vesting and a new RSU grant. This is a standard compensation event and generally neutral, but slightly positive as it indicates continued alignment of director interests with the company's performance.

Positives

• The grant of 14,609 new restricted stock units aligns the director's interests with shareholders, indicating continued commitment to the company.
• The vesting of 10,724 RSUs represents a scheduled compensation event, reflecting the fulfillment of prior equity awards.

Future Outlook

The document indicates a standard schedule for future equity vesting for a director, with 14,609 restricted stock units expected to vest on the earlier of May 21, 2026, or the date of the 2026 Annual Meeting of Stockholders, contingent on continued service.

Industry Context

This Form 4 filing reflects routine equity compensation practices for non-employee directors, common across publicly traded companies to align leadership incentives with long-term shareholder value. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• The structure of granting restricted stock units (RSUs) as part of non-employee director compensation is a common practice in the technology and ad-tech industries, similar to companies like The Trade Desk or Magnite, aiming to align director interests with long-term company performance.
• The vesting schedule, tied to a specific date or the next annual meeting, is also standard for such equity awards, ensuring retention and continued engagement.

Stakeholder Impact

• Shareholders: The grant of new RSUs to a director helps align their long-term interests with shareholder value creation, as the value of the RSUs is tied to the company's stock performance.

Next Steps

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

Key Dates

Keywords

DoubleVerify Holdings, DV, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Equity Grant, Director Compensation, Corporate Governance