Form 4: DoubleVerify Holdings Chief Legal Officer Exercises Stock Options

Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, exercised stock options resulting in the acquisition of 1,982 shares of common stock.

Summary

• Andrew E. Grimmig, the Chief Legal Officer of DoubleVerify Holdings, exercised 1,982 restricted stock units (RSUs) on November 15, 2024.
• These RSUs were granted on February 17, 2021, and each RSU converts into one share of common stock.
• The RSUs vested over time, with 25% vesting on February 15, 2022, and the remaining vesting at 6.25% per quarter, subject to continued employment.
• Following this transaction, Mr. Grimmig directly owns 57,212 shares of DoubleVerify Holdings common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine filing related to stock-based compensation for a company executive, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a standard practice for publicly traded companies to incentivize and retain key personnel.
• The vesting schedule of 25% initially and then 6.25% per quarter is a common vesting structure.
• Similar filings are regularly made by executives at comparable companies such as Integral Ad Science (IAS) and PubMatic (PUBM).

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine exercise of stock options.
• The transaction is part of the compensation package for a key executive.

Key Dates

Keywords

stock options, restricted stock units, insider trading, beneficial ownership, equity securities, DoubleVerify Holdings, DV