Providence entities adjust DoubleVerify (NYSE: DV) holdings via internal share transfer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoubleVerify Holdings, Inc. received an updated ownership report from Providence-affiliated investment entities. The filing shows an internal reallocation of 29,218 shares of common stock to Providence Equity Partners L.L.C. at a stated price of $0.0000 per share, reflecting a non-market restructuring transaction.
After this transfer, Providence Equity Partners L.L.C. is shown with 50,666 shares held indirectly. Separate holdings include 18,173,777 shares held directly by Providence VII U.S. Holdings L.P. and 117,131 shares held by Providence Butternut Co-Investment L.P. The filing states that various Providence principals may be deemed to beneficially own these shares through control relationships but each disclaims beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Providence VII U.S. Holdings L.P., Providence Equity GP VII-A L.P., Providence Butternut Co-Investment L.P., Phillips J. David, Tabet Karim A, Tisdale Andrew A, Dominguez Michael J, Providence Equity Partners L.L.C.
Role
null | null | null | null | null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 29,218 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,666 shares (Indirect, By Providence Equity Partners L.L.C.);
Common Stock — 18,173,777 shares (Direct, null)
Footnotes (1)
- The securities reported represent shares of common stock of DoubleVerify Holdings, Inc. (the "Issuer") acquired by Providence Equity Partners L.L.C. ("PEP LLC") after the transfer of the Issuer's common stock from Lucy Dobrin and R. Davis Noell. Lucy Dobrin and R. Davis Noell received the shares as board compensation for their service on the Issuer's board of directors and transferred the shares to PEP LLC pursuant to the terms of PEP LLC's internal policy. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by PEP LLC. Each of R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez hereby disclaims beneficial ownership of the shares held by PEP LLC, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form. The securities reported are held directly by PEP LLC and may be deemed to be beneficially owned by R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez due to their control of PEP LLC. R. Davis Noell has separately filed a Form 4. The securities reported represent shares of common stock of the Issuer held by Providence VII U.S. Holdings L.P. ("Providence VII"). The securities reported are held directly by Providence VII and may be deemed to be beneficially owned by Providence Equity GP VII-A L.P. ("Providence GP") because Providence GP is the general partner of Providence VII. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez control Providence Holdco (International) GP Ltd. ("Holdco"), which is the general partner of Providence Fund Holdco (International) L.P. Providence Fund Holdco (International) L.P. is the general partner of PEP VII-A International Ltd., which is the general partner of Providence GP. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by Providence VII due to their relationships with Holdco. Each of Providence GP, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez hereby disclaims beneficial ownership of the shares held by Providence VII, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form. The securities reported represent shares of common stock of the Issuer held by Providence Butternut Co-Investment L.P. ("Providence Butternut"). R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by Providence Butternut due to their relationships with Holdco. Each of Providence GP, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez hereby disclaims beneficial ownership of the shares held by Providence Butternut, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form. The securities reported are held directly by Providence Butternut and may be deemed to be beneficially owned by Providence GP because Providence GP is the general partner of Providence Butternut. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez control Holdco, which is the general partner of Providence Fund Holdco (International) L.P. Providence Fund Holdco (International) L.P. is the general partner of PEP VII-A International Ltd., which is the general partner of Providence GP.
Key Figures
Restructured shares: 29,218 shares
PEP LLC holdings: 50,666 shares
Providence VII holdings: 18,173,777 shares
+2 more
5 metrics
Restructured shares
29,218 shares
Other acquisition or disposition (code J) at $0.0000/share
PEP LLC holdings
50,666 shares
Total DoubleVerify common shares indirectly held by PEP LLC after transaction
Providence VII holdings
18,173,777 shares
DoubleVerify common stock held directly by Providence VII U.S. Holdings L.P.
Providence Butternut holdings
117,131 shares
DoubleVerify common stock held by Providence Butternut Co-Investment L.P.
Transfer price
$0.0000 per share
Price assigned to 29,218-share internal transfer to PEP LLC
Key Terms
beneficially own, pecuniary interest, board compensation, internal policy, +1 more
5 terms
beneficially own financial
"may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by PEP LLC"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of the shares held by PEP LLC, except to the extent of its or his pecuniary interest therein"
board compensation financial
"received the shares as board compensation for their service on the Issuer's board of directors"
internal policy financial
"transferred the shares to PEP LLC pursuant to the terms of PEP LLC's internal policy"
general partner financial
"may be deemed to be beneficially owned by Providence Equity GP VII-A L.P. ("Providence GP") because Providence GP is the general partner of Providence VII"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
FAQ
What is the size of Providence VII U.S. Holdings L.P.’s DoubleVerify (DV) position?
Providence VII U.S. Holdings L.P. is reported as directly holding 18,173,777 DoubleVerify common shares. The filing explains that related Providence entities may be deemed to beneficially own these shares through control relationships, while also formally disclaiming beneficial ownership beyond any pecuniary interest.
Was the DoubleVerify (DV) Form 4 transaction a market buy or sell?
No, the key Form 4 entry uses code J, described as an “other acquisition or disposition.” The 29,218 shares moved to Providence Equity Partners L.L.C. at $0.0000 per share as an internal transfer, not an open-market purchase or sale.