Paulina Klimenko - 16 Feb 2024 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
16 Feb 2024
Net transactions value
-$35,411
Form type
4
Filing time
20 Feb 2024, 19:46:54 UTC
Previous filing
31 Jan 2024
Next filing
28 Feb 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 +2,083 $0.000000 2,083 16 Feb 2024 Direct
transaction PUBM Class A Common Stock Sale $35,411 -2,083 -100% $17.00 0 16 Feb 2024 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 -2,083 -7.9% $0.000000 24,275 16 Feb 2024 Class A Common Stock 2,083 $2.16 Direct F2
transaction PUBM Class B Common Stock Options Exercise $0 +2,083 $0.000000 2,083 16 Feb 2024 Class A Common Stock 2,083 Direct F3
transaction PUBM Class B Common Stock Conversion of derivative security $0 -2,083 -100% $0.000000* 0 16 Feb 2024 Class A Common Stock 2,083 Direct F3
* 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 options are fully vested.
F3 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.