Providence VII U.S. Holdings Amends DoubleVerify Stake

TL;DR

**Providence VII U.S. Holdings updated its DoubleVerify stake, signaling a potential shift in its investment.**

AI Summary

Providence VII U.S. Holdings L.P. filed an amended SC 13G/A on February 12, 2024, indicating a change in their beneficial ownership of DoubleVerify Holdings, Inc. common stock as of December 31, 2023. This filing, an Amendment No. 2, updates their previous disclosures, signaling a potential shift in their investment strategy or a reduction in their stake. This matters to investors because large institutional ownership changes can influence stock price and reflect the confidence (or lack thereof) of major holders in the company's future performance.

Why It Matters

This filing shows an update to a significant institutional investor's position in DoubleVerify, which can signal their evolving view on the company's prospects and potentially impact market sentiment.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate or severe risk to the company.

Analyst Insight

An investor should monitor subsequent filings from Providence VII U.S. Holdings L.P. to understand the nature of the change in their DoubleVerify stake, as this amendment itself doesn't detail the specific change in share count or percentage.

Key Players & Entities

• Providence VII U.S. Holdings L.P. (company) — the reporting person filing the SC 13G/A
• DoubleVerify Holdings, Inc. (company) — the subject company whose common stock is being reported
• Andrew A. Tisdale (person) — a group member associated with the filing
• J. David Phillips (person) — a group member associated with the filing
• Jonathan M. Nelson (person) — a group member associated with the filing
• Karim A. Tabet (person) — a group member associated with the filing
• Michael J. Dominguez (person) — a group member associated with the filing
• Providence Butternut Co-Investment L.P. (company) — a group member associated with the filing
• Providence Equity GP VII-A L.P. (company) — a group member associated with the filing
• R. Davis Noell (person) — a group member associated with the filing

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• tm245524d1_sc13ga.htm (SC 13G/A) — 164KB
• tm245524d1_ex99-1.htm (EX-99.1) — 13KB
• 0001104659-24-014674.txt ( ) — 178KB

Ownership

Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned : 26,122,547 shares of Common Stock are held directly by PEP VII and may be deemed to be beneficially owned by PEP GP because PEP GP is the general partner of PEP VII. Jonathan M. Nelson, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez control Providence Holdco (International) GP Ltd., which is the general partner of Providence Fund Holdco (International) L.P. Providence Fund Holdco (International) L.P. is the sole shareholder of PEP VII-A International Ltd., which is the general partner of PEP GP. Jonathan M. Nelson, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by PEP VII due to their relationships with Providence Holdco (International) GP Ltd. 12 168,361 shares of Common Stock are held directly by PEP Butternut and may be deemed to be beneficially owned by PEP GP because PEP GP is the general partner of PEP Butternut. Jonathan M. Nelson, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez control Providence Holdco (International) GP Ltd., which is the general partner of Providence Fund Holdco (International) L.P. Providence Fund Holdco (International) L.P. is the sole shareholder of PEP VII-A International Ltd., which is the general partner of PEP GP. Jonathan M. Nelson, R. Davis Noell, J. David Phillips, Karim A. Tabet, Andrew A. Tisdale and Michael J. Dominguez may be deemed to exercise voting and investment power over, and thus may be deemed to beneficially own, the securities held by PEP Butternut due to their relationships with Providence Holdco (International) GP Ltd. Each of the Reporting Persons, other

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following :

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable. 13

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. The Reporting Persons may be deemed to be a “group” for purposes of Section 13(d)(3) of the Act. The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this Schedule 13G. Item 9. Notice of Dissolution of Group. Not Applicable.

Certification

Item 10. Certification. Not Applicable. 14 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 PROVIDENCE VII U.S. HOLDINGS L.P. By: Providence Equity GP VII-A L.P., its general partner By: PEP VII-A International Ltd., its general partner By: /s/ Sarah N. Conde Name: Sarah N. Conde Title: General Counsel, Managing Director & Chief Compliance Officer PROVIDENCE EQUITY GP VII-A L.P. By: PEP VII-A International Ltd., its general partner By: /s/ Sarah N. Conde Name: Sarah N. Conde Title: General Counsel, Managing Director & Chief Compliance Officer PROVIDENCE BUTTERNUT CO-INVESTMENT L.P. By: Providence Equity GP VII-A L.P., its general partner By: PEP VII-A International Ltd., its general partner By: /s/ Sarah N. Conde Name: Sarah N. Conde Title: General Counsel, Managing Director & Chief Compliance Officer By: /s/ Sarah N. Conde Name: Sarah N. Conde, as Attorney-in-Fact for Jonathan M. Nelson By: /s/ Sarah N. Conde Name: Sarah N. Conde, as Attorney-in-Fact for R. Davis Noell By: /s/ Sarah N. Conde Name: Sarah N. Conde, as Attorney-in-Fact for J. David Phillips By: /s/ Sarah N. Conde Name: Sarah N. Conde, as Attorney-in-Fact for Karim A. Tabet By: /s/ Sarah N. Conde Name: Sarah N. Conde, as Attorney-in-Fact for Andrew A. Tisdale By: /s/ Sarah N. Conde Name: Sarah N. Conde, as Attorney-in-Fact for Michael J. Dominguez