Form 4: DoubleVerify Holdings CEO Mark Zagorski Reports Stock Transactions
SEC Form 4 Filing
Mark Zagorski, CEO of DoubleVerify Holdings, reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On March 31, 2024, Mark Zagorski, the CEO of DoubleVerify Holdings, had 10,417 restricted stock units (RSUs) vest and settle into common stock.
- These RSUs were granted on July 28, 2020, and each represents the right to receive one share of common stock.
- A portion of the shares (5,761) were withheld to cover tax obligations related to the vesting.
- Following these transactions, Zagorski directly owns 382,605 shares of DoubleVerify Holdings common stock.
- The vesting schedule of the RSUs was originally tied to the company's IPO, but the remaining RSUs vest as if the IPO had not occurred, contingent on continued employment.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| July 28, 2020 | Date the restricted stock units (RSUs) were granted. |
| April 20, 2021 | Initial Public Offering (IPO) of DoubleVerify Holdings, Inc. common stock, triggering initial vesting of RSUs. |
| March 31, 2024 | Date of the reported transaction: vesting and settlement of RSUs. |
| April 02, 2024 | Date of the Form 4 filing. |
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