DoubleVerify exec vests 44K shares, 22K for taxes
DoubleVerify’s Global Chief Comm. Officer reported RSU and PSU vesting into common stock, with part of the shares withheld to satisfy tax obligations.
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Form Type
4
Rhea-AI Filing Summary
DoubleVerify Holdings, Inc. (DV) reported that its Global Chief Comm. Officer, Steven John Mougis, had multiple equity award vesting events on September 15, 2026. Restricted stock units and performance stock units converted on a one-for-one basis into common stock, and a portion of the resulting shares was withheld to cover tax obligations at $13.50 per share. No Rule 10b5-1 trading plan is reported, and no post-transaction share balances are stated.
Insider Trade Summary
43,963 shares exercised/converted
Exercise
21 txns
Insider
Mougis Steven John
Role
Global Chief Comm. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F10, F1 | 9,376 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F11, F3 | 841 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F10, F5 | 3,171 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F10, F6 | 27,056 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F11, F7 | 251 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F10, F8 | 2,125 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F10, F9 | 1,143 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 9,376 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 4,787 | $13.50 | $65K |
| Exercise | Common Stock F3 | 841 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 430 | $13.50 | $6K |
| Exercise | Common Stock F5 | 3,171 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,619 | $13.50 | $22K |
| Exercise | Common Stock F6 | 27,056 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 13,813 | $13.50 | $186K |
| Exercise | Common Stock F7 | 251 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 129 | $13.50 | $2K |
| Exercise | Common Stock F8 | 2,125 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,085 | $13.50 | $15K |
| Exercise | Common Stock F9 | 1,143 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 584 | $13.50 | $8K |
Holdings After Transaction:
Restricted Stock Units — 185,223 contracts (Direct);
Performance Stock Units — 4,459 contracts (Direct);
Common Stock — 116,676 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 228,094 to 185,223 contracts (Direct);
Performance Stock Units, 5,551 to 4,459 contracts (Direct);
Common Stock, 95,160 to 116,676 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
Derivative shares exercised or converted: 43,963 shares
Shares used for tax withholding: 22,447 shares
Tax withholding price: $13.50 per share
+3 more
6 metrics
Derivative shares exercised or converted
43,963 shares
Total shares in derivative exercises/conversions reported in the transaction summary
Shares used for tax withholding
22,447 shares
Total shares in code F transactions for payment of tax liability
Tax withholding price
$13.50 per share
Price for common stock in all code F tax withholding dispositions
Common shares acquired via RSU/PSU conversion
43,963 shares
Non-derivative common stock entries with code M tied to RSU/PSU vesting
RSU quarterly vesting rate (many grants)
6.25% or 8.33% per quarter
Quarterly vesting percentages for various RSU grants described in footnotes
Initial PSU vesting tranche
41.67% of earned shares
Portion of earned performance stock units vesting on the stated PSU vesting date
Key Terms
Restricted Stock Units, Performance Stock Units, tax withholding obligations, one-for-one basis, +1 more
5 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"
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
vesting date financial
"vested and were settled on March 15, 2026 (the "2026 Vesting Date")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DoubleVerify (DV) executive Steven John Mougis report on this Form 4?
He reported vestings and conversions of restricted stock units and performance stock units into DoubleVerify common stock on September 15, 2026, with a portion of the resulting shares withheld to satisfy tax withholding obligations.
Were Steven John Mougis’s DV transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is marked so that no Rule 10b5-1 trading plan is reported for these transactions.
What are the key vesting terms for the DV restricted stock units reported here?
Footnotes explain that several RSU grants vest quarterly after an initial vesting date (such as March 15, 2026 or earlier grant dates), typically with an initial tranche vesting on a stated vesting date and equal quarterly installments thereafter.
How do the reported DV performance stock units convert into common stock?
The performance stock units convert into common stock on a one-for-one basis, with portions (for example 41.67% of earned shares) vesting on a specified vesting date and the remainder vesting 8.33% each quarter thereafter, as described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
