Jeffrey K. Hirsch - Nov 10, 2022 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: Nov 10, 2022
Transactions value $: -$76,338
Form type: 4
Date filed: 11/15/2022, 07:29 PM
Previous filing: Oct 12, 2022
Next filing: Dec 15, 2022

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	Nov 10, 2022	Direct	F1
transaction	PUBM	Class A Common Stock	Sale	-$70K	-4.6K	-36.31%	$15.22	8.07K	Nov 10, 2022	Direct	F2, F3
transaction	PUBM	Class A Common Stock	Sale	-$6.39K	-403	-5%	$15.85	7.66K	Nov 10, 2022	Direct	F2, 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	Stock Option (Right to buy Class B Common Stock)	Options Exercise	$0	-1.88K	-2.32%	$0.00	78.9K	Nov 10, 2022	Class B Common Stock	1.88K	$2.16	Direct	F5
transaction	PUBM	Class B Common Stock	Options Exercise	$0	+1.88K		$0.00	1.88K	Nov 10, 2022	Class A Common Stock	1.88K		Direct	F1
transaction	PUBM	Stock Option (Right to buy Class B Common Stock)	Options Exercise	$0	-3.13K	-14.69%	$0.00	18.2K	Nov 10, 2022	Class B Common Stock	3.13K	$2.97	Direct	F6
transaction	PUBM	Class B Common Stock	Options Exercise	$0	+3.13K	+166.67%	$0.00	5K	Nov 10, 2022	Class A Common Stock	3.13K		Direct	F1
transaction	PUBM	Class B Common Stock	Conversion of derivative security	$0	-5K	-100%	$0.00^*	0	Nov 10, 2022	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 $14.74 to $15.78, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.78 to $15.93, 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	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.
F6	The option vested as to 1/48 of the total shares on February 1, 2019, 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.