DoubleVerify announces $150M share repurchase program

DoubleVerify announced that its Board of Directors has authorized the repurchase of up to $150 million of DV‘s outstanding common stock. Under the Repurchase Program, DV may repurchase for cash from time to time shares of its common stock through open market purchases pursuant to Rule 10b-18 and/or Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements. The volume and timing of any repurchases will be subject to general market conditions, as well as DV’s management of capital, other investment opportunities, and other factors. The Repurchase Program does not obligate DV to repurchase any specific number of shares, has no time limit, and may be modified, suspended, or discontinued at any time at the company’s discretion. DV currently expects to fund the Repurchase Program from existing cash on hand