DoubleVerify (NYSE: DV) CCO exercises 43,963 awards; 16,947 shares withheld for taxes
Rhea-AI Filing Summary
DoubleVerify Holdings, Inc. Global Chief Communications Officer Steven John Mougis reported routine equity compensation activity involving restricted stock units and performance stock units on June 15, 2026. He exercised or converted derivative awards into a total of 43,963 shares of common stock, while 16,947 shares were withheld to cover tax obligations at a price of $10.25 per share.
The transactions reflect vesting of multiple award grants from 2023 to 2026, with portions vesting on specified quarterly schedules. Both restricted stock units and performance stock units convert into common stock on a one-for-one basis, and the Form 4 does not show any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 27,016 shares
Net Buy
21 txns
Insider
Mougis Steven John
Role
Global Chief Comm. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,376 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 842 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,171 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 27,056 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 250 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,125 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,143 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,376 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,474 | $10.25 | $46K |
| Exercise | Common Stock | 842 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 304 | $10.25 | $3K |
| Exercise | Common Stock | 3,171 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,144 | $10.25 | $12K |
| Exercise | Common Stock | 27,056 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,754 | $10.25 | $100K |
| Exercise | Common Stock | 250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 91 | $10.25 | $932.75 |
| Exercise | Common Stock | 2,125 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 767 | $10.25 | $8K |
| Exercise | Common Stock | 1,143 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 413 | $10.25 | $4K |
Holdings After Transaction:
Restricted Stock Units — 228,094 shares (Direct);
Performance Stock Units — 5,551 shares (Direct);
Common Stock — 95,160 shares (Direct)
Footnotes (11)
- F1. Each restricted stock unit was granted on March 12, 2026. 8.33% of the restricted stock units vested and were settled on March 15, 2026 (the "2026 Vesting Date"), and the remainder of the restricted stock units vest and settle at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date.
- F2. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- F3. Each performance stock unit was granted on March 31, 2025. 41.67% of the earned shares vested and were settled on the 2026 Vesting Date, and the remainder of the earned shares vest and settle at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date.
- F4. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of performance stock units.
- F5. Each restricted stock unit was granted on March 31, 2025. 6.25% of the restricted stock units vested and settled on June 15, 2025 (the "2025 Vesting Date"), and the remainder of the restricted stock units vest and settle at a rate of 6.25% on each quarterly anniversary of the 2025 Vesting Date.
- F6. Each restricted stock unit was granted on March 13, 2025. 12.5% of the restricted stock units vested and were settled on the 2025 Vesting Date, and the remainder of the restricted stock units vest and settle at a rate of 12.5% on each quarterly anniversary of the 2025 Vesting Date.
- F7. Each performance stock unit was granted on March 15, 2024. 41.67% of the earned shares vested and were settled on March 15, 2025 (the "2025 PSU Vesting Date"), and the remainder of the earned shares vest and settle at a rate of 8.33% on each quarterly anniversary of the 2025 PSU Vesting Date.
- F8. Each restricted stock unit was granted on March 15, 2024. 6.25% of the restricted stock units vested and settled on June 15, 2024 (the "2024 Vesting Date"), and the remainder of the restricted stock units vest and settle at a rate of 6.25% on each quarterly anniversary of the 2024 Vesting Date.
- F9. Each restricted stock unit was granted on March 15, 2023. 6.25% of the restricted stock units vested and settled on June 15, 2023 (the "2023 Vesting Date") and the remainder of the restricted stock units vest and settle at a rate of 6.25% on each quarterly anniversary of the 2023 Vesting Date.
- F10. Restricted stock units convert into common stock on a one-for-one basis.
- F11. Performance stock units convert into common stock on a one-for-one basis.
Key Figures
Shares from award exercises: 43,963 shares
Shares withheld for taxes: 16,947 shares
Tax withholding price: $10.25 per share
+3 more
6 metrics
Shares from award exercises
43,963 shares
Total exercise or conversion shares (M-code transactions)
Shares withheld for taxes
16,947 shares
Tax-withholding dispositions (F-code transactions)
Tax withholding price
$10.25 per share
Price on F-code common stock tax-withholding entries
RSU vesting rate example
8.33%
Quarterly vesting rate after March 15, 2026 Vesting Date
PSU initial vesting portion
41.67%
Earned performance stock units vesting on 2025 and 2026 vesting dates
Alternative RSU vesting rate
6.25%
Quarterly vesting rate for several RSU grants from 2023–2025
Key Terms
restricted stock units, performance stock units, tax withholding obligations, vest and settle, +2 more
6 terms
restricted stock units financial
"Each restricted stock unit was granted on March 12, 2026."
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.
performance stock units financial
"Each performance stock unit was granted on March 31, 2025."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units."
vest and settle financial
"the remainder of the restricted stock units vest and settle at a rate of 8.33% on each quarterly anniversary"
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did DoubleVerify (DV) executive Steven John Mougis report in this Form 4?
Steven John Mougis reported vesting-related equity activity, not open-market trading. He exercised or converted awards into 43,963 DoubleVerify common shares, while 16,947 shares were withheld to satisfy tax obligations tied to restricted stock units and performance stock units.
What are the vesting terms of the DoubleVerify (DV) restricted stock units in this filing?
The restricted stock units generally vest in quarterly installments, such as 6.25% or 8.33% on an initial vesting date, with the remainder vesting at the same percentage on each quarterly anniversary of that respective vesting date, as detailed for grants from 2023 through 2026.
How do DoubleVerify (DV) performance stock units convert into common stock?
Performance stock units convert into DoubleVerify common stock on a one-for-one basis. Earned shares vest partly on a specified vesting date, with the remaining earned portion vesting at 8.33% on each quarterly anniversary of that vesting date, according to the footnote description.