Grimmig Andrew E 4
4 · DoubleVerify Holdings, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
DoubleVerify (DV) CLO Andrew Grimmig Receives Award, Settles RSUs
What Happened
- Andrew E. Grimmig, Chief Legal Officer of DoubleVerify (DV), received a grant of 146,250 restricted stock units (RSUs) on March 12, 2026.
- On March 15, 2026 multiple derivative conversions/exercises occurred that resulted in ~43,192 shares being issued (acquired) and the same ~43,192 shares being disposed of the same day. All transactions show $0 proceeds, indicating these were grant/vesting settlements (not open-market cash sales).
Key Details
- Transaction types: A = Award/Grant (146,250 RSUs on 2026-03-12); M = Exercise/Conversion (multiple vesting/settlements on 2026-03-15).
- Shares involved (selected): 146,250 RSU grant (3/12/2026); 43,192 total vested/settled on 3/15/2026 (breakdowns reported as 2,500; 12,189; 20,204; 5,073; 842; 2,384).
- Prices/proceeds: All listed at $0.00 — these were not open-market sales for cash.
- Shares owned after transaction: Not specified in the provided filing excerpt (see the Form 4 for total beneficial ownership).
- Notable footnotes: Vesting schedules noted — e.g., the 3/12/2026 RSUs vest 8.33% on the 2026 vesting date (Mar 15, 2026) and 8.33% each quarterly anniversary thereafter (F1/F8). Earlier PSU/RSU grants from 2022–2025 also had portions vesting/settling on the same date (F2–F6). RSUs/PSUs convert one-for-one into common stock (F7, F9).
- Timeliness: Filing dated 2026-03-16 for transactions on 3/12 and 3/15 — appears timely (no late filing flag).
Context
- What the $0 disposals mean: When a Form 4 shows shares acquired and disposed at $0 in the same reporting period, it commonly reflects share settlement and withholding to cover taxes or a net-share settlement rather than an open-market sale. The filing uses conversion/exercise codes (M) consistent with RSU/PSU vesting and settlement.
- For retail investors: This is routine insider compensation activity (award + vesting/settlement). It is not the same signal as an insider buying shares in the open market. For full details and exact post-transaction holdings, consult the complete Form 4 on the SEC EDGAR site.
Insider Transaction Report
Form 4
Grimmig Andrew E
Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
[F6]2026-03-15+2,500→ 142,689 total - Exercise/Conversion
Common Stock
[F1]2026-03-15+12,189→ 111,686 total - Exercise/Conversion
Common Stock
[F2]2026-03-15+20,204→ 131,890 total - Exercise/Conversion
Common Stock
[F3]2026-03-15+5,073→ 136,963 total - Exercise/Conversion
Common Stock
[F4]2026-03-15+842→ 137,805 total - Exercise/Conversion
Common Stock
[F5]2026-03-15+2,384→ 140,189 total - Award
Restricted Stock Units
[F7][F8]2026-03-12+146,250→ 146,250 total→ Common Stock (146,250 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F1]2026-03-15−12,189→ 134,061 total→ Common Stock (12,189 underlying) - Exercise/Conversion
Performance Stock Units
[F9][F2]2026-03-15−20,204→ 28,281 total→ Common Stock (20,204 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F3]2026-03-15−5,073→ 55,803 total→ Common Stock (5,073 underlying) - Exercise/Conversion
Performance Stock Units
[F9][F4]2026-03-15−842→ 2,528 total→ Common Stock (842 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F5]2026-03-15−2,384→ 16,685 total→ Common Stock (2,384 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F6]2026-03-15−2,500→ 7,500 total→ Common Stock (2,500 underlying)
Footnotes (9)
- [F1]Each restricted stock unit was granted on March 12, 2026. 8.33% of the restricted stock units vested and were settled on March 15, 2026 (the "2026 Vesting Date"), and the remainder of the restricted stock units vest and settle at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date.
- [F2]Each performance stock unit was granted on March 13, 2025. 41.67% of the earned shares vested and were settled on the 2026 Vesting Date, and the remainder of the earned shares vest and settle at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date.
- [F3]Each restricted stock unit was granted on March 13, 2025. 6.25% of the restricted stock units vested and were settled on March 15, 2025 (the "2025 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2025 Vesting Date.
- [F4]Each performance stock unit was granted on December 19, 2023. 41.67% of the earned shares vested and were settled on the 2025 Vesting Date, and the remainder of the earned shares vest at a rate of 8.33% on each quarterly anniversary of the 2025 Vesting Date.
- [F5]Each restricted stock unit was granted on December 19, 2023. 6.25% of the restricted stock units vested and were settled on March 15, 2024 (the "2024 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2024 Vesting Date.
- [F6]Each restricted stock unit was granted on December 12, 2022. 6.25% of the restricted stock units vested and were settled on March 15, 2023 (the "2023 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2023 Vesting Date.
- [F7]Restricted stock units convert into common stock on a one-for-one basis.
- [F8]The restricted stock units were granted on March 12, 2026. 8.33% of the restricted stock units vest and settle on March 15, 2026, and the remainder of the restricted stock units vest and settle at a rate of 8.33% on each quarterly anniversary of the 2026 Vesting Date.
- [F9]Performance stock units convert into common stock on a one-for-one basis.
Signature
/s/ Andrew E. Grimmig|2026-03-16