DoubleVerify (DV) CEO Mark Zagorski vests RSUs with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoubleVerify Holdings, Inc. Chief Executive Officer Mark Zagorski reported routine equity compensation activity involving restricted stock units and related tax withholding. On this date, 13,476 restricted stock units converted into an equal number of shares of common stock, reflecting scheduled vesting under a prior grant.
To cover tax withholding obligations tied to this vesting, 7,453 shares of common stock were withheld rather than sold in the open market. After these transactions, Zagorski directly held 587,817 shares of common stock and 121,280 restricted stock units, showing that he retained a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,476 shares exercised/converted
Mixed
3 txns
Insider
Zagorski Mark
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,476 | $0.00 | -- |
| Exercise | Common Stock | 13,476 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,453 | $10.84 | $81K |
Holdings After Transaction:
Restricted Stock Units — 121,280 shares (Direct, null);
Common Stock — 587,817 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit was granted on August 19, 2025. 8.33% of the restricted stock units vested and were settled on December 31, 2025 (the "2025 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 8.33% on each quarterly anniversary of the 2025 Vesting Date, subject to Mr. Zagorski's continued employment. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units. Restricted stock units convert into common stock on a one-for-one basis.
Key Figures
RSUs vested and converted: 13,476 units/shares
Shares withheld for taxes: 7,453 shares
Common shares held after: 587,817 shares
+4 more
7 metrics
RSUs vested and converted
13,476 units/shares
Restricted stock units converting into common stock on vesting date
Shares withheld for taxes
7,453 shares
Withheld to satisfy tax withholding obligations on RSU vesting
Common shares held after
587,817 shares
Direct common stock ownership after reported transactions
RSUs held after
121,280 units
Remaining restricted stock units after conversion of 13,476 units
Initial RSU grant date
August 19, 2025
Grant date for restricted stock units that are vesting over time
Initial vesting date
December 31, 2025
First 8.33% of RSUs vested and settled on this date
Quarterly vesting rate
8.33%
Portion of RSUs vesting on each quarterly anniversary of initial vesting
Key Terms
Restricted Stock Units, tax withholding obligations, one-for-one basis, quarterly anniversary
4 terms
Restricted Stock Units financial
"The 13,476 restricted stock units vested and converted into 13,476 shares of DoubleVerify common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"To cover tax withholding obligations tied to this vesting, 7,453 shares of common stock were withheld rather than sold in the open market."
one-for-one basis financial
"The 13,476 restricted stock units vested and converted into 13,476 shares of DoubleVerify common stock on a one-for-one basis."
quarterly anniversary financial
"The remaining restricted stock units vest at a rate of 8.33% on each quarterly anniversary of the 2025 vesting date."
A quarterly anniversary marks the date that occurs every three months after a specific event, such as an investment or a business milestone. It is similar to a birthday that repeats four times a year, helping investors track the timing of important updates or changes. Recognizing these anniversaries allows investors to stay informed about progress and make timely decisions.
FAQ
What insider transaction did DoubleVerify (DV) CEO Mark Zagorski report?
Mark Zagorski reported routine equity compensation activity. 13,476 restricted stock units vested and converted into common stock, and 7,453 of those shares were withheld to satisfy tax obligations, with the remaining shares increasing his direct common stock holdings.
What happened to the 13,476 restricted stock units reported by DoubleVerify (DV)?
The 13,476 restricted stock units vested and converted into 13,476 shares of DoubleVerify common stock on a one-for-one basis. This reflects scheduled vesting from a prior equity grant, increasing the CEO’s share ownership before accounting for shares withheld for taxes.
When were the restricted stock units in this DoubleVerify (DV) Form 4 originally granted?
The restricted stock units were granted on August 19, 2025. A portion vested on December 31, 2025, and the remaining units continue to vest in equal 8.33% installments on each quarterly anniversary of that 2025 vesting date, subject to continued employment.
How do DoubleVerify (DV) restricted stock units convert into common stock?
The restricted stock units convert into DoubleVerify common stock on a one-for-one basis. When vesting conditions are satisfied, each unit becomes one share, which may then be subject to tax withholding through share reductions instead of separate cash payments.