Grimmig Andrew E 4

What Happened

• Andrew E. Grimmig, Chief Legal Officer of DoubleVerify (DV), converted derivative equity awards into 27,029 shares on June 15, 2026 (multiple conversion/settlement events) and the same 27,029 shares were concurrently disposed. Each transaction is reported with an acquisition price of $0.00 and disposal at $0.00 on the Form 4, so no cash proceeds or exercise price are shown in the filing.
• This was not an open‑market purchase; the filing shows conversion/settlement of derivative awards (transaction code M) followed by immediate disposition of the resulting shares.

Key Details

• Transaction date: June 15, 2026 (acquisitions and dispositions reported the same day).
• Reported prices: $0.00 per share for both acquisition and disposition; total value reported as $0.
• Total shares involved: 27,029 (sum of 12,189 + 4,041 + 5,073 + 842 + 2,384 + 2,500).
• Shares owned after transaction: not specified in the summary provided.
• Relevant footnotes: filings reference multiple grants and vesting schedules (grants from 2022–2026) where restricted stock units (RSUs) and performance stock units (PSUs) vest and convert one‑for‑one into common stock (see F1–F8). Several notes describe quarterly vesting and prior vesting dates; PSUs/RSUs convert 1:1.
• Filing timeliness: Form 4 was filed on June 17, 2026 for transactions on June 15, 2026 — a timely filing (not marked late).

Context

• The Form 4 entries are derivative conversions (code M) with immediate disposition of the resulting shares — effectively a cashless settlement/transfer of vested awards. The filing does not state the reason for the sale (e.g., tax withholding, diversification, or liquidity), nor does it report cash proceeds.
• For retail investors: this transaction reflects the settlement and transfer/sale of vested awards by an insider, not a fresh purchase that would signal additional personal accumulation.