DoubleVerify Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

Commitments and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies.

Commitments and Contingencies

15. Commitments and Contingencies

Accrued Expense

Accrued expenses as of December 31, 2022 and December 31, 2021 were as follows:


	As of December 31,
(in thousands)	2022		2021
Vendor payments	$	4,824	$	3,639
Employee commissions and bonuses		17,718		13,324
Payroll and other employee related expense		7,024		18,879
401k and pension expense		2,144		1,775
Other taxes		1,375		1,026
Other costs (a)		—		2,813
Total accrued expense	$	33,085	$	41,456

(a)

Includes accrued expense related to the early termination of the Zentrick Deferred Payment Terms, as described in Footnote 4, Business Combinations.

Contingencies

Litigation

From time to time, the Company is subject to various legal proceedings and claims, either asserted or unasserted, that arise in the ordinary course of business. The Company records liabilities for contingencies including legal costs when it is probable that a liability has been incurred and when the amount can be reasonably estimated. Legal costs are expensed as incurred. Although the outcome of the various legal proceedings and claims cannot be predicted with certainty, management does not believe that any of these proceedings or other claims will have a material effect on the Company’s business, financial condition, results of operations or cash flows.