DoubleVerify CFO Nicola Allais Exercises Awards, Sells Shares

What Happened

• Nicola Allais, Chief Financial Officer of DoubleVerify (DV), had restricted/performance awards convert into 35,323 common shares on Sept 15, 2026 (reported as derivative conversions, code M). To satisfy tax withholding, 19,537 of those shares were withheld/sold at $13.50 per share (code F), generating proceeds of $263,752. The conversions show $0 exercise price, consistent with RSU/PSU settlements.

Key Details

• Transaction date: September 15, 2026; Form 4 filed September 17, 2026 (timely).
• Shares acquired via conversion: 35,323 shares (exercise/conversion code M, $0.00 price).
• Shares withheld/sold for taxes: 19,537 shares at $13.50 = $263,752 (payment of exercise price or tax liability, code F).
• Net shares retained after withholding from this settlement: +15,786 shares (35,323 converted − 19,537 withheld).
• Footnotes indicate these were restricted stock units and performance stock units granted in prior years (grants and vesting schedules per filings) and convert one-for-one into common stock; withholding represents tax-satisfaction (see footnotes F1–F4, F9–F10).
• Filing timeliness: filed two days after the transactions (not marked late).

Context

• This looks like a routine award settlement/vesting: RSUs/PSUs converted into stock (no cash paid on conversion) and shares withheld/sold to cover tax obligations (a common cashless/withholding settlement). These sales do not necessarily signal a discretionary open-market sale by the insider.