Zagorski Mark 4

What Happened

• Mark Zagorski, Chief Executive Officer of DoubleVerify (DV), had 13,476 restricted stock units (RSUs convertible 1-for-1) vest/convert into common shares on June 30, 2026. Of those shares, 7,453 were withheld to satisfy tax withholding obligations at $10.84 per share (total withholding ≈ $80,791), leaving a net 6,023 shares retained by Zagorski.
• This was a vesting/settlement of RSUs (not an open-market sale or purchase). The RSUs had no exercise price ($0) and the share surrender was for tax withholding.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (timely).
• Shares vested/converted: 13,476 RSUs → 13,476 common shares (M code: conversion/exercise of derivative).
• Shares withheld for taxes: 7,453 shares @ $10.84 = $80,791 (F code: tax withholding).
• Net shares retained by insider after withholding: 6,023.
• Footnotes: F1 — RSUs granted 8/19/2025; vesting schedule began 12/31/2025 and continues quarterly at 8.33% per quarter; F2 — withheld shares used to satisfy tax obligations; F3 — RSUs convert one-for-one to common stock.
• Shares owned after transaction: not specified in the filing.

Context

• This is a routine equity compensation vesting event and tax-related withholding, not a market sale intended to raise cash or signal a change in position. For RSU settlements, it’s common for companies to withhold shares to cover taxes rather than require a cash payment.
• Transaction codes: M = conversion/exercise of a derivative instrument (here, RSU settlement), F = shares withheld to satisfy tax withholding.