Rajeev K. Goel - 01 Apr 2023 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Andrew Woods, Attorney-in-Fact
Issuer symbol
PUBM
Transactions as of
01 Apr 2023
Net transactions value
-$245,147
Form type
4
Filing time
04 Apr 2023, 16:13:29 UTC
Previous filing
03 Mar 2023
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PUBM Class A Common Stock Options Exercise $0 +11,237 +64% $0.000000 28,686 01 Apr 2023 Direct
transaction PUBM Class A Common Stock Options Exercise $0 +23,043 +80% $0.000000 51,729 01 Apr 2023 Direct
transaction PUBM Class A Common Stock Sale $245,147 -17,893 -35% $13.70 33,836 03 Apr 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 -11,237 -8.3% $0.000000 123,601 01 Apr 2023 Class A Common Stock 11,237 $0.000000 Direct F3, F4, F5
transaction PUBM Restricted Stock Unit Options Exercise $0 -23,043 -6.3% $0.000000 345,637 01 Apr 2023 Class A Common Stock 23,043 $0.000000 Direct F3, F5, F6
holding PUBM Class B Common Stock 516,284 01 Apr 2023 Class A Common Stock 516,284 See footnote F7, F8
holding PUBM Class B Common Stock 581,260 01 Apr 2023 Class A Common Stock 581,260 See footnote F7, F9
holding PUBM Class B Common Stock 400,000 01 Apr 2023 Class A Common Stock 400,000 See footnote F7, F10
holding PUBM Class B Common Stock 68,616 01 Apr 2023 Class A Common Stock 68,616 See footnote F7, F11
holding PUBM Class B Common Stock 308,775 01 Apr 2023 Class A Common Stock 308,775 See footnote F7, F12
holding PUBM Class B Common Stock 308,775 01 Apr 2023 Class A Common Stock 308,775 See footnote F7, F12
holding PUBM Class B Common Stock 210,984 01 Apr 2023 Class A Common Stock 210,984 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.48 to $13.86 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder 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 in this footnote.
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 1/16th 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.
F5 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F6 The RSUs vest as to 1/16th of the total shares 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.
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, except for certain permitted transfers.
F8 These securities are held by The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries.
F9 These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act.
F10 These securities are held by The Goel Heritage Trust, of which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F11 These securities are held by The Goel Family Gift Trust, of which family members and certain other individuals are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F12 These securities are held by a trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.