DoubleVerify Holdings, Inc. — Director's Dealing 2021

Nov 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DoubleVerify Holdings, Inc. (DV)
CIK: 0001819928
Period of Report: 2021-11-18

Reporting Person: McLaughlin Matthew F. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-18	Common Stock	M	700000	$2.01	Acquired	700001	Indirect
2021-11-18	Common Stock	F	296739	$31.4866	Disposed	403262	Indirect
2021-11-18	Common Stock	F	59005	$32.2074	Disposed	344257	Indirect
2021-11-18	Common Stock	F	35196	$32.9994	Disposed	309061	Indirect
2021-11-19	Common Stock	M	502825	$2.01	Acquired	811886	Indirect
2021-11-19	Common Stock	F	194375	$31.9832	Disposed	617511	Indirect
2021-11-19	Common Stock	F	107320	$32.741	Disposed	510191	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-18	Options (Rights to Buy)	$2.01	M	700000	Disposed	2027-09-20	Common Stock (700000)	Indirect
2021-11-19	Options (Rights to Buy)	$2.01	M	502825	Disposed	2027-09-20	Common Stock (502825)	Indirect

Footnotes

F1: Represents shares and options held by The McLaughlin Family Trust for which Mr. McLaughlin is a trustee.

F2: Represents shares disposed to pay the exercise price and satisfy tax obligations in connection with the exercise of 700,000 options on November 18, 2021.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $30.87 to $31.86, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.87 to $32.86, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $32.87 to $33.13, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F6: Represents shares disposed to pay the exercise price and satisfy tax obligations in connection with the exercise of 502,825 options on November 19, 2021.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.40 to $32.39, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $32.40 to $33.20, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F9: Represents non-qualified stock options granted on September 20, 2017, 25% of which vested on September 20, 2018 and the remainder of which vested at a rate of 6.25% per quarter thereafter, subject to Mr. McLaughlin's continued employment. The options fully vested on September 20, 2021.

F10: The total was increased by one share due to an administrative calculation error due to rounding of the vested amount.