Form 4: DoubleVerify Director Scott Wagner Reports RSU Vesting and New Equity Grant

DoubleVerify Holdings, Inc. Director Scott Wagner has reported the vesting of 10,724 restricted stock units into common stock and the grant of an additional 14,609 restricted stock units as part of his compensation.

Summary

• Scott Wagner, a Director of DoubleVerify Holdings, Inc. (DV), reported changes in his beneficial ownership via a Form 4 filing.
• On May 21, 2025, 10,724 restricted stock units (RSUs) that were granted on May 23, 2024, fully vested and converted into 10,724 shares of common stock.
• Concurrently, Mr. Wagner was granted an additional 14,609 time-based restricted stock units on May 21, 2025, as part of DoubleVerify's non-employee director compensation program.
• These newly granted RSUs are scheduled to vest on the earlier of May 21, 2026, or the date of the company's 2026 Annual Meeting of Stockholders, contingent on his continued service.
• Following these transactions, Mr. Wagner indirectly beneficially owns 31,917 shares of common stock and 14,609 restricted stock units through Hilltopper LLC, which he wholly owns.

Sentiment

Score: 6

Explanation: The filing indicates routine insider transactions related to director compensation, including RSU vesting and a new grant. This is generally neutral but can be seen as slightly positive as it reflects continued alignment of the director's interests with the company's long-term performance through equity compensation.

Positives

• The grant of 14,609 new restricted stock units aligns the director's interests with long-term shareholder value.
• The vesting of 10,724 restricted stock units increases the director's direct ownership of common stock in the company.

Future Outlook

This Form 4 filing primarily reports past and current insider transactions and does not provide a general future outlook for the company. However, the vesting schedule for the newly granted RSUs extends into 2026.

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation. It does not provide information on broader industry trends or competitive landscape. Such filings are standard practice for publicly traded companies to disclose changes in beneficial ownership by insiders.

Comparison to Industry Standards

• This document reports a standard insider transaction (RSU vesting and grant) for a director, which is a common form of executive and director compensation across various industries.
• There are no specific comparable companies, projects, or results detailed within this filing to assess against global benchmarks.

Related Party Transactions

• The reported transactions involve a director of DoubleVerify Holdings, Inc. (Scott Wagner) and the company itself, which constitutes a related party transaction. Specifically, it details the vesting of previously granted restricted stock units and the grant of new restricted stock units as part of his compensation.

Stakeholder Impact

• Shareholders: The increase in the director's beneficial ownership of common stock may signal continued confidence and alignment of interests with shareholders. The issuance of new RSUs dilutes existing shares slightly, but this is a standard component of director compensation.

Next Steps

• The 14,609 restricted stock units granted on May 21, 2025, 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 Mr. Wagner's continued services.

Key Dates

Keywords

DoubleVerify Holdings Inc., DV, Scott Wagner, Form 4, SEC filing, Insider transaction, Restricted Stock Units, RSU vesting, Equity grant, Director compensation, Beneficial ownership