[Form 4] DoubleVerify Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Julie F. Eddleman, Global Chief Communications Officer of DoubleVerify Holdings, Inc. (DV), reported multiple transactions on 09/15/2025 reflecting the vesting and settlement of restricted stock units (RSUs) and performance stock units (PSUs). The Form 4 shows net acquisitions of RSUs and PSUs settled into common stock at $0 per unit and several disposals representing shares withheld to satisfy tax obligations at $13.01 per share. After the reported transactions, Ms. Eddleman beneficially owned between 1,991 and 218,529 shares across individual line items, with a total of 65,949 RSU-derived shares and 5,361 PSU-derived shares noted as held in Table II. The filing documents prior grant dates and scheduled quarterly vesting schedules for each award series and confirms routine tax withholding on vested awards.

Positive

• Vested equity awards were settled into common stock, increasing the reporting person’s beneficial ownership from RSU and PSU conversions
• Clear disclosure of grant dates and vesting schedules (2021–2025 grants with quarterly vesting), supporting transparency

Negative

• Shares were withheld to satisfy tax withholding obligations, reducing the net number of shares received from vesting events
• Reported withholding price of $13.01 per share indicates a realized taxable event for the insider at that price

Insights

Financial Analyst

TL;DR: Routine executive equity vesting and tax-withholding transactions; no new purchases or sales beyond withholding.

The Form 4 records standard vesting events converting RSUs and PSUs into common stock and the withholding of shares to cover taxes. Transaction codes show several ‘M’ entries for settlement of awards and ‘F’ entries for shares withheld. Prices for withheld shares are reported at $13.01 per share. The disclosures list grant and vesting schedules from 2021–2025 and the remaining quarterly vesting cadence, which is useful for forecasting future modest share inflows to the insider but does not indicate open-market purchases or significant disposals.

Corporate Governance Expert

TL;DR: Compensation-related filings consistent with equity award plan mechanics; no governance concerns evident.

The submission documents vesting and settlement mechanics for multiple award vintages and confirms standard tax withholding practice. The detailed explanation ties each line to specific grant dates and vesting schedules (e.g., 6.25% quarterly vesting after each vesting date). Signatory authority is delegated to an attorney-in-fact, and the filing is signed on behalf of the reporting person, which is customary. There are no indications of accelerated vesting, special waivers, or atypical transfers in this Form 4.

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

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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^*

Eddleman Julie

(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)
	Global Chief Comm. 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)	214,403	D
Common Stock	09/15/2025		F(2)		2,174	D	$13.01	212,229	D
Common Stock	09/15/2025		M		1,071	A	$0(3)	213,300	D
Common Stock	09/15/2025		F(4)		459	D	$13.01	212,841	D
Common Stock	09/15/2025		M		3,034	A	$0(5)	215,875	D
Common Stock	09/15/2025		F(2)		1,301	D	$13.01	214,574	D
Common Stock	09/15/2025		M		3,437	A	$0(6)	218,011	D
Common Stock	09/15/2025		F(2)		1,473	D	$13.01	216,538	D
Common Stock	09/15/2025		M		1,991	A	$0(7)	218,529	D
Common Stock	09/15/2025		F(2)		854	D	$13.01	217,675	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	(8)	09/15/2025		M			5,073	(1)	(1)	Common Stock	5,073	$0	65,949	D
Performance Stock Units	(9)	09/15/2025		M			1,071	(3)	(3)	Common Stock	1,071	$0	5,361	D
Restricted Stock Units	(8)	09/15/2025		M			3,034	(5)	(5)	Common Stock	3,034	$0	27,306	D
Restricted Stock Units	(8)	09/15/2025		M			3,437	(6)	(6)	Common Stock	3,437	$0	17,185	D
Restricted Stock Units	(8)	09/15/2025		M			1,991	(7)	(7)	Common Stock	1,991	$0	1,991	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. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

3. 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.

4. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of performance stock units.

5. 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.

6. 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.

7. 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.

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

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

	/s/ Andrew E. Grimmig, as Attorney-in-Fact for Julie F. Eddleman	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 transactions did Julie F. Eddleman report on Form 4 for DV?

The Form 4 reports settlement of restricted stock units (RSUs) and performance stock units (PSUs) into common stock on 09/15/2025, plus shares withheld to satisfy tax obligations.

How many RSU- and PSU-derived shares were recorded as held after the transactions?

Table II shows RSU-derived common stock balances including 65,949 shares from one RSU series and PSU-derived balances of 5,361 shares from an earned PSU series, with line-item beneficial ownership amounts listed up to 218,529 shares.

What was the price used for tax withholding on withheld shares?

Withheld shares to satisfy tax obligations were reported at a price of $13.01 per share.

Do the transactions indicate open-market purchases or sales by the reporting person?

No. The entries reflect award settlements (M) and shares withheld for taxes (F), not open-market purchases or discretionary sales.

Are the vesting schedules disclosed in the filing regular or accelerated?

The filing discloses regular vesting schedules: initial partial vesting on specified vesting dates followed by 6.25% or 8.33% quarterly vesting as specified per grant; no accelerated vesting is indicated.