DoubleVerify (DV) Officer Settles RSUs/PSUs, Ownership Rises to 100,397 Shares

Rhea-AI Filing Summary

Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, Inc. (DV), reported multiple grant settlements on Form 4. On 09/15/2025 Mr. Grimmig received a series of restricted stock unit and performance stock unit settlements that increased his direct beneficial ownership to 100,397 shares of common stock following the transactions. The filings show five separate grant settlements (5,073; 842; 2,384; 2,500; and 1,493 units) converting one-for-one into common shares at a reported price of $0, consistent with vested equity awards rather than open-market purchases. The explanations disclose original grant dates ranging from 12/10/2021 to 03/13/2025 and describe scheduled vesting schedules and prior vesting anniversaries that triggered these settlements. The Form 4 is signed by Mr. Grimmig on 09/17/2025.

Positive

• Increased insider ownership: Andrew Grimmig's direct beneficial ownership rose to 100,397 shares following vesting and settlement of equity awards.
• Transparent vesting details: The filing discloses original grant dates (2021, 2022, 2023, 2025) and specific vesting schedules, aiding investor transparency.
• No open-market purchases: Transactions are settlements of awards (price reported as $0), indicating standard equity plan vesting rather than opportunistic market trades.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider equity settlements materially increased the officer's reported direct stake, reflecting routine vesting, not market purchases.

The Form 4 shows multiple vested restricted stock units and performance stock units converting one-for-one into common shares on 09/15/2025, raising Andrew Grimmig's direct beneficial ownership to 100,397 shares. The transactions are coded as grants/settlements (code M) with price reported as $0, which aligns with equity award vesting rather than cash acquisitions. The filing discloses original grant dates and staged vesting schedules, indicating these are scheduled plan-driven settlements rather than ad hoc awards. For investors, this is an insider ownership update without accompanying cash transactions or open-market trading.

Corporate Governance Expert

TL;DR: The disclosure is a routine compliance filing documenting scheduled vesting and settlement of equity awards by an executive.

The detail provided identifies grant dates from 2021 through 2025 and explains vesting mechanics: initial partial vesting on specific anniversaries followed by quarterly vesting. The conversion of restricted and performance units into common stock on a one-for-one basis is explicitly stated. The signature and filing format comply with Section 16 reporting requirements. There are no indications of special acceleration, discretionary cash payouts, or unusual transaction codes beyond standard grant settlement code M.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Grimmig Andrew E

(Last) (First) (Middle)

C/O DOUBLEVERIFY HOLDINGS, INC.

462 BROADWAY

(Street)

NEW YORK NY 10013

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DoubleVerify Holdings, Inc. [ DV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2025		M		5,073	A	$0(1)	93,178	D
Common Stock	09/15/2025		M		842	A	$0(2)	94,020	D
Common Stock	09/15/2025		M		2,384	A	$0(3)	96,404	D
Common Stock	09/15/2025		M		2,500	A	$0(4)	98,904	D
Common Stock	09/15/2025		M		1,493	A	$0(5)	100,397	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(6)	09/15/2025		M			5,073	(1)	(1)	Common Stock	5,073	$0	65,949	D
Performance Stock Units	(7)	09/15/2025		M			842	(2)	(2)	Common Stock	842	$0	4,212	D
Restricted Stock Units	(6)	09/15/2025		M			2,384	(3)	(3)	Common Stock	2,384	$0	21,453	D
Restricted Stock Units	(6)	09/15/2025		M			2,500	(4)	(4)	Common Stock	2,500	$0	12,500	D
Restricted Stock Units	(6)	09/15/2025		M			1,493	(5)	(5)	Common Stock	1,493	$0	1,493	D

Explanation of Responses:

1. Each restricted stock unit was granted on March 13, 2025. 6.25% of the restricted stock units vested and were settled on March 15, 2025 (the "2025 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2025 Vesting Date.

2. Each performance stock unit was granted on December 19, 2023. 41.67% of the earned shares vested and were settled on the 2025 Vesting Date, and the remainder of the earned shares vest at a rate of 8.33% on each quarterly anniversary of the 2025 Vesting Date.

3. Each restricted stock unit was granted on December 19, 2023. 6.25% of the restricted stock units vested and were settled on March 15, 2024 (the "2024 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2024 Vesting Date.

4. Each restricted stock unit was granted on December 12, 2022. 6.25% of the restricted stock units vested and were settled on March 15, 2023 (the "2023 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2023 Vesting Date.

5. Each restricted stock unit was granted on December 10, 2021. 6.25% of the restricted stock units vested and were settled on March 15, 2022 (the "2022 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2022 Vesting Date.

6. Restricted stock units convert into common stock on a one-for-one basis.

7. Performance stock units convert into common stock on a one-for-one basis.

	/s/ Andrew E. Grimmig	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Andrew Grimmig report on the Form 4 for DoubleVerify (DV)?

The Form 4 reports settlement of several restricted stock units and performance stock units on 09/15/2025, increasing his direct ownership to 100,397 shares.

Were these transactions open-market stock purchases for DV (DoubleVerify)?

No. The transactions are coded as settlements of equity awards (code M) with a reported price of $0, indicating vested awards converting into common shares.

What types of equity awards converted into common stock for Mr. Grimmig?

The filing shows restricted stock units (RSUs) and performance stock units (PSUs) that convert into common stock on a one-for-one basis.

What vesting schedules are described in the Form 4 for these awards?

The explanations state initial vesting percentages on specified vesting dates followed by quarterly vesting at 6.25% or 8.33% increments depending on the award, with original grant dates from 2021 to 2025.

When was the Form 4 signed by the reporting person?

The Form 4 bears the signature of Andrew E. Grimmig dated 09/17/2025.