Jeffrey K. Hirsch - Jan 10, 2023 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
Chief Commercial Officer
Signature
/s/ Andrew Woods, Attorney-in-Fact
Stock symbol
PUBM
Transactions as of
Jan 10, 2023
Transactions value $
-$69,477
Form type
4
Date filed
1/12/2023, 04:29 PM
Previous filing
Jan 4, 2023
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PUBM Class A Common Stock Conversion of derivative security $0 +5K +65.26% $0.00 12.7K Jan 10, 2023 Direct F1
transaction PUBM Class A Common Stock Sale -$69.5K -5K -39.49% $13.90 7.66K Jan 10, 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -5K -6.76% $0.00 68.9K Jan 10, 2023 Class B Common Stock 5K $2.16 Direct F4
transaction PUBM Class B Common Stock Options Exercise $0 +5K $0.00 5K Jan 10, 2023 Class A Common Stock 5K Direct F1
transaction PUBM Class B Common Stock Conversion of derivative security $0 -5K -100% $0.00* 0 Jan 10, 2023 Class A Common Stock 5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B common stock held by the Issuer's executive officers, directors and their respective affiliates will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.59 to $14.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F4 The option vested as to 1/48 of the total shares on February 1, 2020, and 1/48 of the total shares vests monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.