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

Rhea-AI Filing Summary

Laura B. Desmond, a director of DoubleVerify Holdings, Inc. (DV), is reported to have acquired both common stock and options on 09/03/2025. The Form 4 shows an acquisition of 48,539 shares of common stock at a reported price of $2.01, increasing the beneficial ownership to 223,945 shares held indirectly through the Laura B. Desmond Revocable Trust. The filing also reports 48,539 non-qualified stock options tied to the same transaction, exercisable and expiring under previously granted terms from 11/22/2021 to 09/20/2027. The Form 4 is signed by an attorney-in-fact on behalf of Ms. Desmond on 09/05/2025.

Positive

• Insider acquisition reported: Director Laura B. Desmond acquired 48,539 common shares, showing an increase in beneficial ownership.
• Clear disclosure of indirect ownership: Shares and options are held through the Laura B. Desmond Revocable Trust, with explanatory footnotes.
• Options detail provided: The filing specifies the options' original grant date (09/20/2017), vesting effective date (11/22/2021), and expiration (09/20/2027).

Negative

• None.

Insights

Financial Analyst

TL;DR: Director acquired shares and matching options, modestly increasing indirect stake; transaction appears routine and non-dilutive.

The filing documents a purchase of 48,539 common shares at $2.01 and concurrent reporting of 48,539 non-qualified options held by the Laura B. Desmond Revocable Trust. The options reference an original grant date of 09/20/2017 with vesting effective 11/22/2021 due to a liquidity condition tied to a prior investor milestone. The beneficial ownership after the transaction is 223,945 shares held indirectly. From a capital-markets perspective, this is an insider acquisition that increases alignment with shareholders but does not, by itself, indicate material change to capitalization or operating performance.

Corporate Governance Expert

TL;DR: Transaction is disclosed clearly and shows ownership held via a revocable trust; signature executed by attorney-in-fact.

The Form 4 correctly identifies Ms. Desmond as a director and discloses indirect ownership through the Laura B. Desmond Revocable Trust. The filing includes the executor signature by an attorney-in-fact dated 09/05/2025, and provides explanatory footnotes clarifying the trust and the vesting condition for the reported options. Documentation appears to meet Section 16 disclosure requirements for insider transactions.

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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hours per response:			0.5

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^*

Desmond Laura

(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)
09/03/2025

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	09/03/2025		M		48,539	A	$2.01	223,945	I	By Trust(1)

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
Options (Right to Buy)	$2.01	09/03/2025		M			48,539(2)	11/22/2021	09/20/2027	Common Stock	48,539	$0	0	I	By Trust(1)

Explanation of Responses:

1. Represents shares and options held by the Laura B. Desmond Revocable Trust for which Ms. Desmond is trustee.

2. Represents non-qualified stock options granted on September 20, 2017 that vested on November 22, 2021 upon Providence VII U.S. Holdings L.P. receiving cumulative cash proceeds in respect of its investment in the Issuer equal to two times its aggregate cash investment in the Issuer.

	/s/ Andrew E. Grimmig, as Attorney-in-Fact for Laura B. Desmond	09/05/2025
	** 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 Laura B. Desmond report on the Form 4 for DV?

The Form 4 reports an acquisition on 09/03/2025 of 48,539 common shares at $2.01 and reporting of 48,539 non-qualified options held indirectly via her revocable trust.

How many DV shares does Laura B. Desmond beneficially own after the transaction?

The filing shows 223,945 shares beneficially owned following the reported transaction, held indirectly by the Laura B. Desmond Revocable Trust.

What are the terms of the options disclosed in the Form 4 for DV?

The options were originally granted on 09/20/2017, vested effective 11/22/2021 under a specified liquidity condition, and expire on 09/20/2027.

Who signed the Form 4 on behalf of Laura B. Desmond and when?

The Form 4 is signed by Andrew E. Grimmig, as Attorney-in-Fact for Laura B. Desmond dated 09/05/2025.

Does the Form 4 indicate direct ownership by Ms. Desmond?

No; the Form 4 identifies the ownership form as indirect (I), stating shares and options are held by the Laura B. Desmond Revocable Trust.