DoubleVerify director awarded 20,000 RSUs
DoubleVerify Holdings director and 10% owner R. Davis Noell reported an equity award and updated holdings.
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Form Type
4
Rhea-AI Filing Summary
DoubleVerify Holdings director and 10% owner R. Davis Noell reported an equity award and updated holdings. The filing shows a grant of 20,000 restricted stock units on May 21, 2026 as annual non-employee director compensation. These RSUs convert into common stock on a one-for-one basis.
The RSUs vest on the earlier of May 21, 2027 or DoubleVerify’s 2027 annual meeting of stockholders, subject to continued board service. The Form 4 also details large indirect common stock positions held through Providence VII U.S. Holdings L.P., Providence Butternut Co-Investment L.P., and Providence Equity Partners L.L.C., with customary beneficial ownership disclaimers.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Noell Robert Davis
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 20,000 | $0.00 | $0.00 |
| Other | Common Stock | 29,218 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,000 contracts (Direct);
Common Stock — 50,666 shares (Indirect, By Providence Equity Partners L.L.C.);
Common Stock — 18,173,777 shares (Indirect, By Providence VII U.S. Holdings L.P.);
Common Stock — 117,131 shares (Indirect, By Providence Butternut Co-Investment L.P);
Common Stock — 40,658 shares (Direct)
Footnotes (12)
- F1. The securities reported represent shares of common stock of DoubleVerify Holdings, Inc. (the "Issuer") acquired by Providence Equity Partners L.L.C. ("PEP LLC") after the transfer of the Issuer's common stock from Lucy Dobrin and R. Davis Noell. Lucy Dobrin and R. Davis Noell received the shares as board compensation for their service on the Issuer's board of directors and transferred the shares to PEP LLC pursuant to the terms of PEP LLC's internal policy.
- F2. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by PEP LLC. Each of R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez hereby disclaims beneficial ownership of the shares held by PEP LLC, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.
- F3. The securities reported are held directly by PEP LLC and may be deemed to be beneficially owned by R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez due to their control of PEP LLC.
- F4. The record and other beneficial owners of the reported securities have separately filed Form 4s.
- F5. The securities reported represent shares of common stock of the Issuer held by Providence VII U.S. Holdings L.P. ("Providence VII").
- F6. The securities reported are held directly by Providence VII and may be deemed to be beneficially owned by Providence Equity GP VII-A L.P. ("Providence GP") because Providence GP is the general partner of Providence VII. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez control Providence Holdco (International) GP Ltd. ("Holdco"), which is the general partner of Providence Fund Holdco (International) L.P. Providence Fund Holdco (International) L.P. is the general partner of PEP VII-A International Ltd., which is the general partner of Providence GP.
- F7. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by Providence VII due to their relationships with Holdco. Each of Providence GP, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez hereby disclaims beneficial ownership of the shares held by Providence VII, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.
- F8. The securities reported represent shares of common stock of the Issuer held by Providence Butternut Co-Investment L.P. ("Providence Butternut").
- F9. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by Providence Butternut due to their relationships with Holdco. Each of Providence GP, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez hereby disclaims beneficial ownership of the shares held by Providence Butternut, except to the extent of its or his pecuniary interest therein, and this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form.
- F10. The securities reported are held directly by Providence Butternut and may be deemed to be beneficially owned by Providence GP because Providence GP is the general partner of Providence Butternut. R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez control Holdco, which is the general partner of Providence Fund Holdco (International) L.P. Providence Fund Holdco (International) L.P. is the general partner of PEP VII-A International Ltd., which is the general partner of Providence GP.
- F11. Restricted stock units convert into common stock on a one-for-one basis.
- F12. Represents time-based restricted stock units granted on May 21, 2026 pursuant to the annual equity grant under DoubleVerify Holdings, Inc.'s non-employee director compensation program. The restricted stock units vest on the earlier of (i) May 21, 2027 and (ii) the date of DoubleVerify Holdings, Inc.'s 2027 Annual Meeting of Stockholders, subject to the reporting person's continued service.
Key Figures
RSU grant: 20,000 units
RSU conversion ratio: 1 RSU : 1 share
RSU vesting date: May 21, 2027
+5 more
8 metrics
RSU grant
20,000 units
Time-based restricted stock units granted on May 21, 2026
RSU conversion ratio
1 RSU : 1 share
Restricted stock units convert into common stock on a one-for-one basis
RSU vesting date
May 21, 2027
Vests earlier of May 21, 2027 or 2027 Annual Meeting, subject to service
Direct common shares
40,658 shares
Common stock held directly following reported transactions
Providence VII holding
18,173,777 shares
Common stock held by Providence VII U.S. Holdings L.P.
Providence Butternut holding
117,131 shares
Common stock held by Providence Butternut Co-Investment L.P.
PEP LLC holding
50,666 shares
Common stock held by Providence Equity Partners L.L.C.
Restructuring transfer
29,218 shares
Common stock transferred to Providence Equity Partners L.L.C. under internal policy
Key Terms
restricted stock units, beneficial ownership, non-employee director compensation program, Form 4, +1 more
5 terms
restricted stock units financial
"Restricted stock units convert into 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.
beneficial ownership financial
"may be deemed to beneficially own, the securities held by PEP LLC."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
non-employee director compensation program financial
"granted on May 21, 2026 pursuant to the annual equity grant under DoubleVerify Holdings, Inc.'s non-employee director compensation program."
Form 4 regulatory
"this form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this form."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
pecuniary interest financial
"disclaims beneficial ownership of the shares held by PEP LLC, except to the extent of its or his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did DoubleVerify (DV) report for R. Davis Noell?
The Form 4 reports that R. Davis Noell, a director and 10% owner, received 20,000 restricted stock units as annual non-employee director compensation. It also updates his direct and indirect holdings through Providence-affiliated investment entities, with standard beneficial ownership disclaimers.
How many restricted stock units did the DoubleVerify director receive?
R. Davis Noell was granted 20,000 restricted stock units at an effective price of $0.00 per unit. Each RSU converts into one share of DoubleVerify common stock, forming part of the company’s annual equity grant under its non-employee director compensation program.
When do the 20,000 DoubleVerify RSUs for R. Davis Noell vest?
The 20,000 time-based restricted stock units vest on the earlier of May 21, 2027 or DoubleVerify’s 2027 Annual Meeting of Stockholders. Vesting is conditioned on Noell’s continued service as a director through the applicable vesting date under the compensation program.
What does the restructuring transaction in DoubleVerify’s Form 4 represent?
The filing shows a code J transaction for 29,218 common shares acquired by Providence Equity Partners L.L.C. after transfer from directors receiving board compensation. This reflects an internal policy-driven transfer, not an open-market trade by R. Davis Noell personally.
AI-generated analysis. How Rhea-AI works. Not financial advice.
