Andrew E. Grimmig - Aug 8, 2022 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Role
Chief Legal Officer
Signature
/s/ Andrew E. Grimmig
Stock symbol
DV
Transactions as of
Aug 8, 2022
Transactions value $
-$1,743,273
Form type
4
Date filed
8/10/2022, 04:14 PM
Previous filing
Jun 17, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $806K +125K +414.14% $6.45* 155K Aug 8, 2022 Direct
transaction DV Common Stock Sale -$2.55M -96.3K -62.05% $26.48 58.9K Aug 8, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DV Options (Rights to Buy) Options Exercise $0 -125K -28.33% $0.00 316K Aug 8, 2022 Common Stock 125K $6.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 76,296 shares sold to satisfy tax obligations and exercise price in connection with the exercise of 125,000 stock options on August 8, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $25.99 to $26.74, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 Represents non-qualified stock options granted on April 27, 2020 that vested on November 22, 2021 upon Providence VII U.S. Holdings L.P. receiving cumulative cash proceeds in respect of its investment in the Issuer equal to two times its aggregate cash investment in the Issuer.