Paulina Klimenko - 29 Nov 2023 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
Chief Growth Officer
Signature
/s/ Andrew Woods, Attorney-in-Fact
Issuer symbol
PUBM
Transactions as of
29 Nov 2023
Net transactions value
-$558,649
Form type
4
Filing time
01 Dec 2023, 19:59:59 UTC
Previous filing
13 Nov 2023
Next filing
03 Jan 2024
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 Conversion of derivative security $0 +30,706 $0.000000 30,706 29 Nov 2023 Direct
transaction PUBM Class A Common Stock Sale $523,221 -30,706 -100% $17.04 0 29 Nov 2023 Direct F1, F2
transaction PUBM Class A Common Stock Conversion of derivative security $0 +2,084 $0.000000 2,084 01 Dec 2023 Direct
transaction PUBM Class A Common Stock Sale $35,428 -2,084 -100% $17.00 0 01 Dec 2023 Direct F1

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 -24,183 -46% $0.000000 28,442 29 Nov 2023 Class B Common Stock 24,183 $2.16 Direct F3, F4
transaction PUBM Class B Common Stock Options Exercise $0 +24,183 $0.000000 24,183 29 Nov 2023 Class A Common Stock 24,183 $0.000000 Direct F4
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -6,523 -100% $0.000000* 0 29 Nov 2023 Class B Common Stock 6,523 $2.97 Direct F3, F4
transaction PUBM Class B Common Stock Options Exercise $0 +6,523 +27% $0.000000 30,706 29 Nov 2023 Class A Common Stock 6,523 $0.000000 Direct F4
transaction PUBM Class B Common Stock Conversion of derivative security $0 -30,706 -100% $0.000000* 0 29 Nov 2023 Class A Common Stock 30,706 $0.000000 Direct F4
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -2,084 -7.3% $0.000000 26,358 01 Dec 2023 Class A Common Stock 2,084 $2.16 Direct F3
transaction PUBM Class B Common Stock Options Exercise $0 +2,084 $0.000000 2,084 01 Dec 2023 Class A Common Stock 2,084 $0.000000 Direct F4
transaction PUBM Class B Common Stock Conversion of derivative security $0 -2,084 -100% $0.000000* 0 01 Dec 2023 Class A Common Stock 2,084 $0.000000 Direct F4
* 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 on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 11, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.00 to $17.19 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 The options are fully vested.
F4 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.