# EDGAR Filing Document

**Accession Number:** 0001819928
**File Stem:** 0001104659-23-020309
**Filing Date:** 2023-2
**Character Count:** 19300
**Document Hash:** 48a24e5ac2fcfb6efaa36eebf4ef856a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-020309.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-020309

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**GROUP MEMBERS**: BLUMBERG CAPITAL MANAGEMENT II, L.L.C.

**GROUP MEMBERS**: DAVID J. BLUMBERG

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleVerify Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001819928
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 822714562
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92507
- **FILM NUMBER:** 23621801

**BUSINESS ADDRESS:**
- **STREET 1:** 462 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 212-631-2111

**MAIL ADDRESS:**
- **STREET 1:** 462 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blumberg Capital II, L. P.
- **CENTRAL INDEX KEY:** 0001399934
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** Blumberg Capital
- **STREET 2:** 580 Howard Street, Suite 101
- **CITY:** San Francisco
- **STATE:** CA
- **ZIP:** 94105

**MAIL ADDRESS:**
- **STREET 1:** Blumberg Capital
- **STREET 2:** 580 Howard Street, Suite 101
- **CITY:** San Francisco
- **STATE:** CA
- **ZIP:** 94105

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington** **, D.C. 20549**

**SCHEDULE 13G**

(Rule 13d-102)

**INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13** **d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)**

**(Amendment No. 1)\***

**DoubleVerify Holdings, Inc.**

(Name of Issuer)

Common Stock

(Title of Class of Securities)

25862V105

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

◻ Rule 13d-1(b)

◻ Rule 13d-1(c)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⌧ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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| CUSIP No. **25862V105** | Page 2 of 7 |

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|:---|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp; Name of Reporting Persons<br>Blumberg Capital II, L.P.  | &nbsp;&nbsp; Name of Reporting Persons<br>Blumberg Capital II, L.P.  | &nbsp;&nbsp; Name of Reporting Persons<br>Blumberg Capital II, L.P.  |
| &nbsp;&nbsp;2. | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4. | &nbsp;&nbsp; Citizenship or Place of Organization<br>Delaware | &nbsp;&nbsp; Citizenship or Place of Organization<br>Delaware | &nbsp;&nbsp; Citizenship or Place of Organization<br>Delaware |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;5. | &nbsp;&nbsp; Sole Voting Power<br>0 |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;6. | &nbsp;&nbsp; Shared Voting Power<br>3,333,325 (2) |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;7. | &nbsp;&nbsp; Sole Dispositive Power<br>0 |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;8. | &nbsp;&nbsp; Shared Dispositive Power<br>3,333,325 (2) |
| &nbsp;&nbsp;9. | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>3,333,325 (2) | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>3,333,325 (2) | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>3,333,325 (2) |
| &nbsp;&nbsp;10. | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ |
| &nbsp;&nbsp;11. | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>2.0% (3) | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>2.0% (3) | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>2.0% (3) |
| &nbsp;&nbsp;12. | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>PN | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>PN | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>PN |

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(1) This Schedule 13G is filed by Blumberg Capital II, L.P. ("BC II"), Blumberg Capital Management II, L.L.C. ("BCM II") and David J. Blumberg ("Blumberg" and, together with BC II and BCM II, the "Reporting Persons"). The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.

(2) The shares are held by BC II. BCM II is the sole general partner of BC II and owns no shares of the Issuer directly. Blumberg is the managing director of BCM II. BCM II and Blumberg share voting and dispositive power over the shares held by BC II and may be deemed to beneficially own the shares held by BC II.

(3) The beneficial ownership percentage is based on a total of 164,875,087 shares of Common Stock outstanding as of October 31, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 8, 2022.

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| CUSIP No. **25862V105** | Page 3 of 7 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp; Name of Reporting Persons<br>Blumberg Capital Management II, L.L.C.  | &nbsp;&nbsp; Name of Reporting Persons<br>Blumberg Capital Management II, L.L.C.  | &nbsp;&nbsp; Name of Reporting Persons<br>Blumberg Capital Management II, L.L.C.  |
| &nbsp;&nbsp;2. | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4. | &nbsp;&nbsp; Citizenship or Place of Organization<br>Delaware | &nbsp;&nbsp; Citizenship or Place of Organization<br>Delaware | &nbsp;&nbsp; Citizenship or Place of Organization<br>Delaware |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;5. | &nbsp;&nbsp; Sole Voting Power<br>0 |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;6. | &nbsp;&nbsp; Shared Voting Power<br>3,333,325 (2) |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;7. | &nbsp;&nbsp; Sole Dispositive Power<br>0 |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;8. | &nbsp;&nbsp; Shared Dispositive Power<br>3,333,325 (2) |
| &nbsp;&nbsp;9. | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>3,333,325 (2) | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>3,333,325 (2) | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>3,333,325 (2) |
| &nbsp;&nbsp;10. | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ |
| &nbsp;&nbsp;11. | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>2.0% (3) | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>2.0% (3) | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>2.0% (3) |
| &nbsp;&nbsp;12. | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>OO | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>OO | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>OO |

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(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.

(2) The shares are held by BC II. BCM II is the sole general partner of BC II and owns no shares of the Issuer directly. Blumberg is the managing director of BCM II. BCM II and Blumberg share voting and dispositive power over the shares held by BC II and may be deemed to beneficially own the shares held by BC II.

(3) The beneficial ownership percentage is based on a total of 164,875,087 shares of Common Stock outstanding as of October 31, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 8, 2022.

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| CUSIP No. **25862V105** | Page 4 of 7 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp; Name of Reporting Persons<br>David J. Blumberg | &nbsp;&nbsp; Name of Reporting Persons<br>David J. Blumberg | &nbsp;&nbsp; Name of Reporting Persons<br>David J. Blumberg |
| &nbsp;&nbsp;2. | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) | &nbsp;&nbsp; Check the Appropriate Box if a Member of a Group (See Instructions)<br> (a) ◻<br> (b) ⌧ (1) |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4. | &nbsp;&nbsp; Citizenship or Place of Organization<br>United States of America | &nbsp;&nbsp; Citizenship or Place of Organization<br>United States of America | &nbsp;&nbsp; Citizenship or Place of Organization<br>United States of America |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;5. | &nbsp;&nbsp; Sole Voting Power<br>1,850,470 |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;6. | &nbsp;&nbsp; Shared Voting Power<br>3,333,325 (2) |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;7. | &nbsp;&nbsp; Sole Dispositive Power<br>1,850,470 |
| &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp; Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | &nbsp;&nbsp;8. | &nbsp;&nbsp; Shared Dispositive Power<br>3,333,325 (2) |
| &nbsp;&nbsp;9. | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>5,183,795 (2) | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>5,183,795 (2) | &nbsp;&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person<br>5,183,795 (2) |
| &nbsp;&nbsp;10. | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ | &nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ◻ |
| &nbsp;&nbsp;11. | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>3.1% (3) | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>3.1% (3) | &nbsp;&nbsp; Percent of Class Represented by Amount in Row (11)<br>3.1% (3) |
| &nbsp;&nbsp;12. | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>IN | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>IN | &nbsp;&nbsp; Type of Reporting Person (See Instructions)<br>IN |

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(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.

(2) Includes 3,333,325 shares held by BC II. BCM II is the sole general partner of BC II and owns no shares of the Issuer directly. Blumberg is the managing director of BCM II. BCM II and Blumberg share voting and dispositive power over the shares held by BC II and may be deemed to beneficially own the shares held by BC II.

(3) The beneficial ownership percentage is based on a total of 164,875,087 shares of Common Stock outstanding as of October 31, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 8, 2022.

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| CUSIP No. **25862V105** | Page 5 of 7 |

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Introductory Note: This statement on Schedule 13G is being filed by the Reporting Persons in respect of common stock of DoubleVerify Holdings, Inc. (the "Issuer").

<u>Item 1(a)</u> <u>Name of Issuer</u>

DoubleVerify Holdings, Inc.

<u>Item 1(b)</u> <u>Address of Issuer's Principal Executive Offices</u>

233 Spring Street

New York, NY, 10013

<u>Item 2(a)</u> <u>Name of Person Filing</u>

Blumberg Capital II, L.P. ("BC II")

Blumberg Capital Management II, L.L.C. ("BCM II")

David J. Blumberg ("Blumberg")

<u>Item 2(b)</u> <u>Address of Principal Business Office or, if none, Residence</u>

432 Bryant Street

San Francisco, CA 94107

<u>Item 2(c)</u> <u>Citizenship</u>

BC II - Delaware <br> BCM II - Delaware <br> Blumberg United States of America

<u>Item 2(d)</u> <u>Title of Class of Securities</u>

Common Stock

<u>Item 2(e)</u> <u>CUSIP Number</u>

25862V105

<u>Item 3</u> Not applicable.

<u>Item 4</u> <u>Ownership</u>

The following beneficial ownership information is presented as of December 31, 2022:

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reporting Persons** | **Common<br> Stock Held<br> Directly (1)** | **Sole <br> Voting<br> Power** | **Sole<br> Dispositive<br> Power** | **Shared<br> Voting <br> Power** | **Shared<br> Dispositive<br> Power** | **Beneficial<br> Ownership** | **Percentage <br> of Class (3)** |
| BC II | 3333325 | 0 | 0 | 3333325 | 3333325 | 3333325 | 2.0% |
| BCM II (2) | 0 | 0 | 0 | 3333325 | 3333325 | 3333325 | 2.0% |
| Blumberg (2) | 1850470 | 1850470 | 1850470 | 3333325 | 3333325 | 5183795 | 3.1% |

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____

(1) Represents the number of shares held directly as of December 31, 2022.

(2) BCM II is the sole general partner of BC II and owns no shares of the Issuer directly. Blumberg is the managing director of BCM II. BCM II and Blumberg share voting and dispositive power over the shares held by BC II and may be deemed to beneficially own the shares held by BC II.

(3) The beneficial ownership percentage is based on a total of 164,875,087 shares of Common Stock outstanding as of October 31, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 8, 2022.

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|:---|:---|
| <u>Item 5</u> | <u>Ownership of Five Percent or Less of a Class</u> |

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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 ⌧.

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|:---|:---|
| <u>Item 6</u> | <u>Ownership of More than Five Percent of Another Person</u> |

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Not applicable.

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| CUSIP No. **25862V105** | Page 6 of 7 |

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<u>Item 7</u> <u>Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company</u>

Not applicable.

<u>Item 8</u> <u>Identification and Classification of Members of the Group</u>

Not applicable.

<u>Item 9</u> <u>Notice of Dissolution of Group</u>

Not applicable.

<u>Item 10</u> <u>Certification</u>

Not applicable.

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|:---|:---|
| CUSIP No. **25862V105** | Page 7 of 7 |

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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.

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|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 14, 2023 | Blumberg Capital II, L.P. | Blumberg Capital II, L.P. |
|  | BY: Blumberg Capital Management II, L.L.C. | BY: Blumberg Capital Management II, L.L.C. |
|  | ITS: General Partner | ITS: General Partner |
|  | By: | /s/ David J. Blumberg |
|  |  | David J. Blumberg |
|  |  | Managing Member |
|  | Blumberg Capital Management II, L.L.C. | Blumberg Capital Management II, L.L.C. |
|  | By: | /s/ David J. Blumberg |
|  |  | David J. Blumberg |
|  |  | Managing Member |
|  | /s/ David J. Blumberg | /s/ David J. Blumberg |
|  | DAVID J. BLUMBERG | DAVID J. BLUMBERG |

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