Zagorski Mark 4

What Happened

• Mark Zagorski, CEO of DoubleVerify Holdings (DV), exercised/conversed multiple derivative awards (RSUs/PSUs) on June 15, 2026. The filing shows 60,819 shares were issued on conversion.
• To satisfy tax withholding obligations, 33,636 of those shares were withheld and treated as disposals at $10.25 per share, producing aggregate withholding value of approximately $344,769. After withholding, Zagorski received a net ~27,183 shares.
• These transactions reflect award vesting/settlement and a net-share (cashless) settlement to cover tax liabilities rather than an open-market sale for cash.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely — within the typical 2-business-day window).
• Conversion total: 60,819 shares (multiple derivative/vesting entries).
• Shares withheld (tax payment): 33,636 shares at $10.25 each = ~$344,769.
• Net new shares to insider: ~27,183 shares.
• Transaction codes in the filing: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld). Several M entries show $0 proceeds where the derivative was converted/cancelled.
• Footnotes indicate these were a mix of restricted stock units and performance stock units granted on various dates (see F1–F9). F2 and F4 confirm the withheld shares were used to satisfy tax withholding. F10 notes delivery timing for some vested shares may follow separation from service (as previously reported).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• This is a routine award vesting/settlement transaction. When RSUs/PSUs vest, companies commonly withhold a portion of the shares to cover taxes — this is neutral from an investment-sentiment standpoint compared with an open-market sale.
• For clarity: M = exercised/converted derivative awards; F = shares withheld to pay taxes/price. The filing shows a net-share settlement (cashless) rather than an outright sale into the market.