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

Rhea-AI Filing Summary

Lucy Stamell Dobrin, a director of DoubleVerify Holdings, Inc. (DV), received 6,392 shares of the company's common stock on 09/09/2025 via a pro rata distribution-in-kind from Providence VII U.S. Holdings L.P. The same day she sold those 6,392 shares under Rule 144 at a reported price of $14.51 per share, resulting in zero shares beneficially owned following the transactions. The Form 4 was signed by an attorney-in-fact on 09/11/2025.

Positive

• Transparent disclosure of both the in-kind distribution and the subsequent Rule 144 sale on Form 4
• Transaction details provided: number of shares (6,392) and sale price ($14.51) are explicitly stated

Negative

• Reporting person holds no shares after the reported sale (beneficial ownership reported as 0)
• Same-day sale could reduce perceived insider alignment with shareholders, though no inference about company fundamentals is made in this filing

Insights

Financial Analyst

TL;DR: Director received and immediately sold 6,392 DV shares for $14.51 each; transaction appears routine and non-material to DV's capital structure.

The reported activity shows a distribution-in-kind from a private fund followed by a sale under Rule 144 on the same date. The volume (6,392 shares) is disclosed explicitly and the sale price is stated as $14.51, leaving the reporting person with no beneficial ownership post-transaction. Based solely on the filing, this appears to be a routine liquidity event by a former fund partner rather than a signal about company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; distribution and sale were documented and signed by an attorney-in-fact.

The Form 4 identifies the reporting person as a director and indicates the shares were distributed pursuant to exemptions under Rules 16a-13 and 16a-9. The subsequent sale complied with Rule 144. The filing includes the required explanation and signature, satisfying routine compliance and transparency expectations under insider reporting rules.

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
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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^*

Dobrin Lucy Stamell

(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)

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

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

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	09/09/2025		J		6,392(1)	A	$0	6,392	D
Common Stock	09/09/2025		S		6,392(2)	D	$14.51	0	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

Explanation of Responses:

1. The securities reported represent shares of common stock of DoubleVerify Holdings, Inc. (the "Issuer") received from Providence VII U.S. Holdings L.P. ("Providence VII") pursuant to a pro rata distribution-in-kind on September 9, 2025 to all partners of Providence VII, which distribution was made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

2. The securities reported represent shares of common stock of the Issuer sold by the Reporting Person in a sale in accordance with the requirements of Rule 144 under the Securities Act.

	/s/ Andrew E. Grimmig, as Attorney-in-Fact for Lucy Stamell Dobrin	09/11/2025
	** 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 Lucy Stamell Dobrin report on Form 4 for DV?

She reported receiving 6,392 shares via a pro rata distribution-in-kind from Providence VII on 09/09/2025 and selling those 6,392 shares the same day under Rule 144.

At what price were the DV shares sold according to the filing?

The filing shows the shares were sold at a price of $14.51 per share.

Did the reporting person retain any DV shares after the transactions?

No. The Form 4 reports 0 shares beneficially owned following the reported transactions.

Why were the shares received by the reporting person?

The shares were received as a pro rata distribution-in-kind from Providence VII U.S. Holdings L.P., made in accordance with exemptions under Rules 16a-13 and 16a-9.

When was the Form 4 signed and filed?

The form was signed by an attorney-in-fact on 09/11/2025 as indicated on the filing.