Mougis Steven John 4
4 · DoubleVerify Holdings, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
DoubleVerify (DV) Global CCO Steven Mougis Receives Award, Sells Shares
What Happened
- Steven J. Mougis, Global Chief Communications Officer of DoubleVerify (DV), received a grant of 112,500 restricted stock units (RSUs) on March 12, 2026. On March 15, 2026 multiple RSU/PSU vesting events and derivative conversions occurred, resulting in the conversion/acquisition of 47,749 underlying shares (conversion price $0).
- To satisfy tax withholding obligations, 17,220 shares were withheld/sold at $10.21 per share, generating approximately $175,816 in cash proceeds. After withholding, Mougis received a net ~30,529 shares. These disposals (code F) are tax withholdings, not open-market investment sales.
Key Details
- Transaction dates: Grant on 2026-03-12; vesting/conversions and tax-withholdings on 2026-03-15. Form filed 2026-03-16 (timely).
- Prices: Conversions recorded at $0.00 (derivative-to-stock); tax-withheld shares disposed at $10.21 each.
- Shares acquired (from conversions/vesting on 3/15): 47,749. Shares withheld/sold for taxes: 17,220 (~$175,816). Net shares retained: ~30,529.
- Notable footnotes: Grant of 112,500 RSUs (F1/F12); many awards/PSUs convert 1:1 into common stock (F11/F13). F2/F4 indicate shares were withheld to satisfy tax withholding.
- Filing timeliness: No late filing flag—filed the day after the vesting/conversion.
Context
- These transactions are routine vesting/conversion and tax-withholding events (derivative conversions and RSU/PSU settlements), not open-market purchases or discretionary sales. For RSUs/PSUs the shares convert one-for-one into common stock and a portion is commonly withheld to cover taxes; such withholdings should not be read as directional insider trading.
Insider Transaction Report
Form 4
Mougis Steven John
Global Chief Comm. Officer
Transactions
- Exercise/Conversion
Common Stock
[F6]2026-03-15+27,056→ 73,831 total - Exercise/Conversion
Common Stock
[F1]2026-03-15+9,376→ 45,438 total - Tax Payment
Common Stock
[F2]2026-03-15$10.21/sh−3,381$34,520→ 42,057 total - Exercise/Conversion
Common Stock
[F3]2026-03-15+4,210→ 46,267 total - Tax Payment
Common Stock
[F4]2026-03-15$10.21/sh−1,519$15,509→ 44,748 total - Exercise/Conversion
Common Stock
[F5]2026-03-15+3,171→ 47,919 total - Tax Payment
Common Stock
[F2]2026-03-15$10.21/sh−1,144$11,680→ 46,775 total - Tax Payment
Common Stock
[F2]2026-03-15$10.21/sh−9,754$99,588→ 64,077 total - Exercise/Conversion
Common Stock
[F7]2026-03-15+2,125→ 66,202 total - Tax Payment
Common Stock
[F2]2026-03-15$10.21/sh−767$7,831→ 65,435 total - Exercise/Conversion
Common Stock
[F8]2026-03-15+250→ 65,685 total - Tax Payment
Common Stock
[F4]2026-03-15$10.21/sh−91$929→ 65,594 total - Exercise/Conversion
Common Stock
[F9]2026-03-15+1,143→ 66,737 total - Tax Payment
Common Stock
[F2]2026-03-15$10.21/sh−413$4,217→ 66,324 total - Exercise/Conversion
Common Stock
[F10]2026-03-15+418→ 66,742 total - Tax Payment
Common Stock
[F2]2026-03-15$10.21/sh−151$1,542→ 66,591 total - Award
Restricted Stock Units
[F11][F12]2026-03-12+112,500→ 112,500 total→ Common Stock (112,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F1]2026-03-15−9,376→ 103,124 total→ Common Stock (9,376 underlying) - Exercise/Conversion
Performance Stock Units
[F13][F3]2026-03-15−4,210→ 5,891 total→ Common Stock (4,210 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F5]2026-03-15−3,171→ 38,047 total→ Common Stock (3,171 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F6]2026-03-15−27,056→ 108,224 total→ Common Stock (27,056 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F7]2026-03-15−2,125→ 16,998 total→ Common Stock (2,125 underlying) - Exercise/Conversion
Performance Stock Units
[F13][F8]2026-03-15−250→ 752 total→ Common Stock (250 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F9]2026-03-15−1,143→ 4,572 total→ Common Stock (1,143 underlying) - Exercise/Conversion
Restricted Stock Units
[F11][F10]2026-03-15−418→ 0 total→ Common Stock (418 underlying)
Footnotes (13)
- [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.
- [F10]Each restricted stock unit was granted on February 15, 2022. 6.25% of the restricted stock units vested and settled on June 15, 2022 (the "2022 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 2022 Vesting Date.
- [F11]Restricted stock units convert into common stock on a one-for-one basis.
- [F12]The restricted stock units were granted on March 12, 2026. 8.33% of the restricted stock units vest and settle on March 15, 2026, 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.
- [F13]Performance stock units convert into common stock on a one-for-one basis.
- [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. The restricted stock units vested 12.5% on the 2025 Vesting Date, and the remainder of the restricted stock units vest at a rate of 12.5% on each quarterly anniversary of the 2025 Vesting Date.
- [F7]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.
- [F8]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 at a rate of 8.33% on each quarterly anniversary of the 2025 PSU 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.
Signature
/s/ Andrew E. Grimmig, as Attorney-in-Fact for Steven J. Mougis|2026-03-16