Dobrin Lucy Stamell 4

What Happened Lucy Stamell Dobrin, a director at DoubleVerify Holdings, converted/exercised 14,609 restricted stock units (reported as derivative conversion, Code M) on May 21, 2026 at $0.00 per share; those shares were transferred to Providence Equity Partners L.L.C. (no cash reported). On the same date she was granted 20,000 new time‑based restricted stock units (Code A) at $0.00 per share under the company’s non‑employee director compensation program. The 14,609 conversion reflects vested RSUs; the 20,000 RSUs are a new award that will vest later.

Key Details

• Transaction dates: May 21, 2026 (both conversion and grant).
• Prices reported: $0.00 per share for both transactions (standard for RSU vesting/grant — no cash exchanged).
• Disposition: 14,609 converted shares were transferred to Providence Equity Partners L.L.C. (per filing); not an open‑market sale.
• New award: 20,000 time‑based RSUs granted on May 21, 2026.
• Vesting: The 20,000 RSUs vest on the earlier of May 21, 2027 or the 2027 Annual Meeting, subject to continued service (see footnote).
• Shares owned after the transactions: not specified in the provided filing summary.
• Filing timeliness: Reported May 22, 2026 for transactions on May 21, 2026 — filed promptly (not marked late).

Context

• The Code M entry reflects conversion/exercise of restricted stock units into common shares; the immediate transfer to Providence was an internal transfer per the registrant’s policy (per filing footnote) rather than a cash sale.
• The grant of 20,000 RSUs is an annual non‑employee director award and will only convert to shares if and when they vest; such awards are compensation, not open‑market purchases, and are commonly used to retain directors.
• No price or cash proceeds were reported in these transactions, so they do not reflect a buy/sell decision in the open market.