DoubleVerify Holdings, Inc.·4

May 22, 4:16 PM ET

Noell Robert Davis 4

4 · DoubleVerify Holdings, Inc. · Filed May 22, 2026

Research Summary

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Updated

DoubleVerify (DV) 10% Owner Noell R. Davis Receives 49,218 Shares

What Happened
Noell R. Davis, reported as a 10% owner (affiliated with Providence entities), acquired a total of 49,218 DoubleVerify (DV) shares on May 21, 2026. The filing shows: 29,218 shares reported as an “other acquisition” (transaction code J) at $0.00 (reflecting a transfer) and 20,000 restricted stock units (RSUs) granted (transaction code A) at $0.00 (derivative award). The RSUs convert one-for-one into common stock and were granted under DoubleVerify’s non-employee director compensation program.

Key Details

  • Transaction dates/prices: May 21, 2026; 29,218 shares @ $0.00 (transfer), 20,000 RSUs @ $0.00 (grant).
  • Total shares reported acquired: 49,218 (29,218 share transfer + 20,000 RSUs).
  • RSU vesting: time-based RSUs vest the earlier of May 21, 2027 or the 2027 Annual Meeting, subject to continued service (see footnote).
  • Beneficial ownership notes: the transferred shares are held by Providence-related entities (PEP LLC / Providence Butternut); several Providence principals (including R. Davis Noell) disclaim beneficial ownership except to the extent of any pecuniary interest. See footnotes F1–F3, F8–F11 for structure and disclaimers.
  • Filing timeliness: Report filed May 22, 2026 for May 21, 2026 transactions (filed promptly).

Context
This was not an open-market purchase but an internal transfer to and a director award from Providence-related vehicles and DoubleVerify’s director compensation program. The RSU grant is a derivative award that vests over time and converts 1:1 to common shares; it does not indicate an immediate cash purchase or sale. Because the reporting person is tied to institutional entities (Providence) and the filing includes disclaimers of beneficial ownership, these entries primarily reflect institutional/compensation movements rather than a straightforward personal investment signal.

Insider Transaction Report

Form 4
Period: 2026-05-21
Noell Robert Davis
Director10% Owner
Transactions
  • Other

    Common Stock

    [F1][F2][F3][F4]
    2026-05-21+29,21850,666 total(indirect: By Providence Equity Partners L.L.C.)
  • Award

    Restricted Stock Units

    [F11][F12]
    2026-05-21+20,00020,000 total
    From: 2027-05-21Common Stock (20,000 underlying)
Holdings
  • Common Stock

    [F5][F4][F6][F7]
    (indirect: By Providence VII U.S. Holdings L.P.)
    18,173,777
  • Common Stock

    [F8][F4][F9][F10]
    (indirect: By Providence Butternut Co-Investment L.P)
    117,131
  • Common Stock

    40,658
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.
  • [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.
  • [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.
Signature
/s/ Andrew E. Grimmig, as Attorney-in-Fact for Robert Davis Noell|2026-05-22

Documents

1 file
  • 4
    form4.xmlPrimary

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