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DoubleVerify Holdings, Inc.·4

Mar 16, 5:03 PM ET

Grimmig Andrew E 4

Research Summary

AI-generated summary

Updated

DoubleVerify (DV) CLO Andrew Grimmig Receives Award, Settles RSUs

What Happened

  • Andrew E. Grimmig, Chief Legal Officer of DoubleVerify (DV), received a grant of 146,250 restricted stock units (RSUs) on March 12, 2026.
  • On March 15, 2026 multiple derivative conversions/exercises occurred that resulted in ~43,192 shares being issued (acquired) and the same ~43,192 shares being disposed of the same day. All transactions show $0 proceeds, indicating these were grant/vesting settlements (not open-market cash sales).

Key Details

  • Transaction types: A = Award/Grant (146,250 RSUs on 2026-03-12); M = Exercise/Conversion (multiple vesting/settlements on 2026-03-15).
  • Shares involved (selected): 146,250 RSU grant (3/12/2026); 43,192 total vested/settled on 3/15/2026 (breakdowns reported as 2,500; 12,189; 20,204; 5,073; 842; 2,384).
  • Prices/proceeds: All listed at $0.00 — these were not open-market sales for cash.
  • Shares owned after transaction: Not specified in the provided filing excerpt (see the Form 4 for total beneficial ownership).
  • Notable footnotes: Vesting schedules noted — e.g., the 3/12/2026 RSUs vest 8.33% on the 2026 vesting date (Mar 15, 2026) and 8.33% each quarterly anniversary thereafter (F1/F8). Earlier PSU/RSU grants from 2022–2025 also had portions vesting/settling on the same date (F2–F6). RSUs/PSUs convert one-for-one into common stock (F7, F9).
  • Timeliness: Filing dated 2026-03-16 for transactions on 3/12 and 3/15 — appears timely (no late filing flag).

Context

  • What the $0 disposals mean: When a Form 4 shows shares acquired and disposed at $0 in the same reporting period, it commonly reflects share settlement and withholding to cover taxes or a net-share settlement rather than an open-market sale. The filing uses conversion/exercise codes (M) consistent with RSU/PSU vesting and settlement.
  • For retail investors: This is routine insider compensation activity (award + vesting/settlement). It is not the same signal as an insider buying shares in the open market. For full details and exact post-transaction holdings, consult the complete Form 4 on the SEC EDGAR site.