Form 4: DoubleVerify Holdings Executive Reports Stock Transactions

Andrew Grimmig, Chief Legal Officer of DoubleVerify Holdings, reports the vesting and tax withholding of restricted stock units.

Summary

• On February 15, 2025, Andrew Grimmig, the Chief Legal Officer of DoubleVerify Holdings, had 1,982 restricted stock units (RSUs) vest.
• These RSUs converted into common stock on a one-for-one basis.
• Grimmig also disposed of 702 shares of common stock to satisfy tax obligations related to the vesting of the RSUs at a price of $22.57 per share.
• Following these transactions, Grimmig beneficially owns 64,869 shares of DoubleVerify Holdings common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, particularly in the tech industry, to align employee incentives with shareholder value.
• The vesting schedule of the RSUs (25% after one year, then quarterly) is a typical vesting arrangement.
• Companies like Alphabet (GOOGL), Meta (META), and Amazon (AMZN) also utilize RSUs as part of their compensation packages for executives.

Stakeholder Impact

• The vesting of RSUs impacts the total number of shares outstanding, but the effect is minimal given the relatively small number of shares involved.

Key Dates