DoubleVerify Holdings, Inc. — Director's Dealing 2023

Nov 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DoubleVerify Holdings, Inc. (DV)
CIK: 0001819928
Period of Report: 2023-11-14

Reporting Person: Desmond Laura (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-14	Common Stock	M	11003	$2.01	Acquired	190074	Indirect
2023-11-14	Common Stock	S	11003	$31.3302	Disposed	179071	Indirect
2023-11-15	Common Stock	M	233000	$2.01	Acquired	412071	Indirect
2023-11-15	Common Stock	M	203745	$2.01	Acquired	615816	Indirect
2023-11-15	Common Stock	S	436745	$31.6868	Disposed	179071	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-14	Options (Rights to Buy)	$2.01	M	11003	Disposed	2027-09-20	Common Stock (11003)	Indirect
2023-11-15	Options (Rights to Buy)	$2.01	M	233000	Disposed	2027-09-20	Common Stock (233000)	Indirect
2023-11-15	Options (Rights to Buy)	$2.01	M	203745	Disposed	2027-09-20	Common Stock (203745)	Indirect

Footnotes

F1: Represents shares and options held by the Laura B. Desmond Revocable Trust for which Ms. Desmond is trustee.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 30, 2022.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.05 to $31.59, 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 $31.36 to $32.02, 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: Represents non-qualified stock options granted on September 20, 2017 that vested on November 22, 2021 upon Providence VII U.S. Holdings L.P. receiving cumulative cash proceeds in respect of its investment in the Issuer equal to two times its aggregate cash investment in the Issuer.

F6: 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 Ms. Desmond's continued service. The options fully vested on September 20, 2021.