Form 4: Kelli Turner Reports Stock Transactions in DoubleVerify Holdings, Inc.

Director Kelli Turner reports the vesting and conversion of restricted stock units into common stock, as well as the grant of additional restricted stock units in DoubleVerify Holdings, Inc.

Summary

• Kelli Turner, a director of DoubleVerify Holdings, Inc., reported transactions involving the company's stock on May 23, 2024.
• 5,709 restricted stock units (RSUs) vested and were converted into 5,709 shares of common stock.
• These RSUs were initially granted on June 5, 2023, and each RSU represents the right to receive one share of common stock.
• Turner also acquired 10,724 new time-based restricted stock units on May 23, 2024, as part of the annual equity grant for non-employee directors.
• These new RSUs will vest on the earlier of May 23, 2025, or the date of DoubleVerify's 2025 Annual Meeting of Stockholders, contingent upon Turner's continued service.
• Following these transactions, Turner directly owns 10,724 derivative securities and 14,755 shares of common stock.

Sentiment

Score: 6

Explanation: The document reflects routine stock transactions by a director, which is neither overwhelmingly positive nor negative. The grant of RSUs can be seen as a positive sign of aligning director interests with shareholders.

Positives

• The vesting of RSUs indicates that performance or time-based conditions have been met.
• The grant of new RSUs to a director aligns their interests with those of the shareholders.

Future Outlook

The newly granted restricted stock units will vest on the earlier of May 23, 2025, or the date of DoubleVerify Holdings, Inc.'s 2025 Annual Meeting of Stockholders, subject to Ms. Turner's continued services.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation practices.
• The alignment of director interests with shareholders through equity grants can be viewed positively.

Key Dates