Andrew Woods - Oct 1, 2023 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
General Counsel & Secretary
Signature
/s/ Andrew Woods
Stock symbol
PUBM
Transactions as of
Oct 1, 2023
Transactions value $
-$73,466
Form type
4
Date filed
10/3/2023, 09:10 PM
Previous filing
Jul 5, 2023
Next filing
Jan 3, 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 +17.4K +1147.46% $0.00 18.9K Oct 1, 2023 Direct
transaction PUBM Class A Common Stock Sale -$73.5K -6.21K -32.83% $11.82 12.7K Oct 2, 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 -1.25K -7.14% $0.00 16.3K Oct 1, 2023 Class A Common Stock 1.25K $0.00 Direct F3, F4, F5
transaction PUBM Restricted Stock Unit Options Exercise $0 -16.2K -25% $0.00 48.5K Oct 1, 2023 Class A Common Stock 16.2K $0.00 Direct F3, F5, F6
* 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 $11.87 to $12.08, 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 1/16th 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.
F5 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F6 The RSUs vested as to 1/4 of the total award on October 1, 2023 and 1/16th of the RSUs will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.