Form 4: DoubleVerify Director Sundeep Jain Reports Stock Transactions
SEC Form 4
Director Sundeep Jain reports acquisition and disposal of DoubleVerify Holdings, Inc. stock and restricted stock units.
Summary
- On May 23, 2024, Sundeep Jain, a director of DoubleVerify Holdings, Inc., reported transactions involving the company's stock and restricted stock units (RSUs).
- Jain acquired 5,709 shares of common stock upon the vesting of RSUs, with a corresponding disposal of 5,709 RSUs.
- Additionally, Jain 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's 2025 Annual Meeting of Stockholders, contingent upon continued service.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director, with no inherent positive or negative implications.
Future Outlook
The newly granted RSUs will vest on the earlier of May 23, 2025, or the date of DoubleVerify Holdings, Inc.'s 2025 Annual Meeting of Stockholders, subject to Mr. Jain's continued services.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key company director, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/05/2023 | Date the restricted stock units were granted. |
| 05/23/2024 | Date of the reported transactions, including RSU vesting and grant of new RSUs. |
| 05/23/2025 | Vesting date for the newly granted time-based RSUs, contingent on continued service, or earlier if the 2025 Annual Meeting of Stockholders occurs before this date. |
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