Steven Pantelick - Jul 1, 2024 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Andrew Woods, Attorney-in-Fact
Stock symbol
PUBM
Transactions as of
Jul 1, 2024
Transactions value $
-$418,546
Form type
4
Date filed
7/3/2024, 05:36 PM
Previous filing
Jul 2, 2024
Next filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PUBM Class A Common Stock Options Exercise $0 +23.6K +121.65% $0.00 42.9K Jul 1, 2024 Direct
transaction PUBM Class A Common Stock Sale -$257K -12.6K -29.29% $20.41 30.4K Jul 2, 2024 Direct F1, F2
transaction PUBM Class A Common Stock Sale -$162K -7.85K -25.85% $20.64 22.5K Jul 3, 2024 Direct F3, F4

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 Restricted Stock Unit Options Exercise $0 -5.06K -14.28% $0.00 30.3K Jul 1, 2024 Class A Common Stock 5.06K $0.00 Direct F5, F6, F7
transaction PUBM Restricted Stock Unit Options Exercise $0 -9.55K -9.09% $0.00 95.5K Jul 1, 2024 Class A Common Stock 9.55K $0.00 Direct F5, F7, F8
transaction PUBM Restricted Stock Unit Options Exercise $0 -8.96K -6.67% $0.00 125K Jul 1, 2024 Class A Common Stock 8.96K $0.00 Direct F5, F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs"). The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F2 The price reported in this line item is a weighted average price. These shares were sold as part of a block trade for multiple security holders of the Issuer at prices ranging from $20.12 to $20.59, 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 with regard to the block trade.
F3 The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2023.
F4 The price reported in this line item is a weighted average price. These shares were sold at prices ranging from $20.38 to $20.76, 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.
F5 Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration.
F6 The RSUs vested as to 1/16th of the total shares on April 1, 2022, and 1/16th of the total shares vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F7 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F8 The RSUs vested as to 1/16th of the total award on April 1, 2023, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F9 The RSUs vest as to 1/16th of the total shares on April 1, 2024, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.