Mukul Kumar - Dec 31, 2022 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
President, Engineering
Signature
/s/ Andrew Woods, Attorney-in-Fact
Stock symbol
PUBM
Transactions as of
Dec 31, 2022
Transactions value $
-$19,279
Form type
4
Date filed
1/4/2023, 05:06 PM
Previous filing
Oct 6, 2022
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 Options Exercise $0 +1.06K +17.31% $0.00 7.16K Dec 31, 2022 Direct
transaction PUBM Class A Common Stock Options Exercise $0 +2.25K +31.4% $0.00 9.4K Jan 1, 2023 Direct
transaction PUBM Class A Common Stock Sale -$19.3K -1.49K -15.83% $12.96 7.91K Jan 3, 2023 Direct F1, F2

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 -1.06K -11.12% $0.00 8.44K Dec 31, 2022 Class A Common Stock 1.06K $0.00 Direct F3, F4, F5
transaction PUBM Restricted Stock Unit Options Exercise $0 -2.25K -7.69% $0.00 27K Jan 1, 2023 Class A Common Stock 2.25K $0.00 Direct F3, F5, F6
holding PUBM Class B Common Stock 190K Dec 31, 2022 Class A Common Stock 190K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 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 Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.67 to $13.23, 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.
F3 Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of vesting for no consideration.
F4 The RSUs vested as to 1/8 of the total shares on June 30, 2021, 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.
F5 RSUs do not expire; they either vest or are canceled prior to the vesting date.
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 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 that occurs after the closing of the Issuer's initial public offering, except for certain permitted transfers.