Form 4: DoubleVerify Legal Officer Sells Shares Under 10b5-1 Plan

DoubleVerify's Chief Legal Officer, Andrew E. Grimmig, sold 1,000 shares of common stock for $10.46 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, Inc. (DV), reported a sale of common stock.
• The transaction involved 1,000 shares sold at a price of $10.46 per share.
• The sale occurred on December 1, 2025.
• Following the transaction, Mr. Grimmig directly owns 93,301 shares of DoubleVerify common stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on June 18, 2025.

Sentiment

Score: 5

Explanation: A routine insider sale under a 10b5-1 plan is generally neutral, as it's pre-scheduled and not indicative of new information.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than a discretionary sale based on new material non-public information.

Negatives

• An insider, the Chief Legal Officer, sold 1,000 shares of company stock.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: Minor dilution from the sale, but the pre-planned nature mitigates concerns about insider sentiment.

Key Dates

Recommendation

The reported transaction is a routine insider sale executed under a pre-arranged 10b5-1 trading plan. This type of transaction is generally not considered a strong indicator of future company performance or a change in insider sentiment, as it is scheduled in advance to avoid accusations of trading on material non-public information. Therefore, it does not provide sufficient new information to warrant a change from a 'hold' recommendation.

Keywords

DoubleVerify, DV, insider trading, Form 4, stock sale, Andrew E. Grimmig, Chief Legal Officer, 10b5-1 plan