Form 4: DoubleVerify Director Sundeep Jain Reports RSU Vesting and New Equity Grant

DoubleVerify Holdings, Inc. Director Sundeep Jain reported the vesting of 10,724 restricted stock units into common stock and the grant of 14,609 new restricted stock units as part of his compensation.

Summary

• Sundeep Jain, a Director of DoubleVerify Holdings, Inc. (DV), reported changes in his beneficial ownership of company securities.
• On May 21, 2025, 10,724 restricted stock units (RSUs) that were initially granted on May 23, 2024, fully vested and converted into 10,724 shares of DoubleVerify common stock on a one-to-one basis.
• Following this conversion, Mr. Jain beneficially owns 10,724 shares of common stock indirectly through OPCR Tree LLC.
• Additionally, on May 21, 2025, Mr. Jain was granted 14,609 new time-based restricted stock units as part of the annual equity grant under DoubleVerify Holdings, Inc.'s non-employee director compensation program.
• These 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, contingent on Mr. Jain's continued service.
• All reported shares and restricted stock units are held indirectly by OPCR Tree LLC, which is wholly-owned by Mr. Jain.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects routine and expected equity compensation for a director, indicating continued alignment of interests and standard corporate governance practices. It does not suggest any negative operational or financial issues for the company.

Positives

• The vesting of 10,724 restricted stock units indicates a successful completion of a vesting period, converting equity awards into common stock for the director.
• The grant of 14,609 new restricted stock units demonstrates continued equity-based compensation for the director, aligning his interests with long-term shareholder value.

Future Outlook

The grant of new restricted stock units indicates a continued commitment to equity-based compensation for non-employee directors, aligning their incentives with the company's future performance through May 2026 or the 2026 Annual Meeting.

Industry Context

This filing represents a routine insider transaction related to director compensation, common across publicly traded companies, and does not provide broader industry insights.

Corporate Governance

Related Party Transactions

• Shares and restricted stock units are held by OPCR Tree LLC, which is wholly-owned by Mr. Jain, indicating an indirect beneficial ownership structure.

Stakeholder Impact

• Shareholders: The report indicates routine director compensation, which is a standard practice for aligning director interests with shareholder value. It does not suggest any immediate material impact on share price beyond routine market reactions to insider filings.
• Employees: No direct impact on employees is indicated.

Next Steps

• The newly granted 14,609 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 Mr. Jain's continued service.

Key Dates

Keywords

DoubleVerify Holdings Inc., DV, Sundeep Jain, Form 4, SEC Filing, Insider Transaction, Restricted Stock Units, RSU Vesting, Equity Grant, Director Compensation, Beneficial Ownership