Form 4: DoubleVerify Director Scott Wagner Reports Stock Transactions

Director Scott Wagner reports acquisition and disposal of DoubleVerify Holdings, Inc. stock and restricted stock units.

Summary

• On May 23, 2024, Scott Wagner, a director of DoubleVerify Holdings, Inc., reported transactions involving the company's stock.
• Wagner exercised 5,709 Restricted Stock Units (RSUs) that fully vested on May 23, 2024, converting them into common stock at a price of $0 per share.
• Additionally, Wagner was granted 10,724 time-based RSUs on May 23, 2024, which will vest on the earlier of May 23, 2025, or the date of DoubleVerify Holdings, Inc.'s 2025 Annual Meeting of Stockholders, contingent upon continued service.
• Following these transactions, Wagner indirectly owns 21,193 shares of common stock and 10,724 RSUs through Hilltopper LLC, which he wholly owns.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.

Positives

• The grant of 10,724 RSUs to Wagner indicates continued alignment of interests between the director and the company's future performance.

Future Outlook

The document outlines future vesting of RSUs based on continued service through May 23, 2025, or the 2025 Annual Meeting of Stockholders.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transactions may provide stakeholders with insights into the director's view of the company's prospects.

Key Dates