Steven Pantelick - 13 Aug 2024 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Andrew Woods, Attorney-in-Fact
Issuer symbol
PUBM
Transactions as of
13 Aug 2024
Net transactions value
-$2,117
Form type
4
Filing time
15 Aug 2024, 18:31:13 UTC
Previous filing
03 Jul 2024
Next filing
05 Sep 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 +4,000 +18% $0.000000 26,506 13 Aug 2024 Direct F1
transaction PUBM Class A Common Stock Sale $56,117 -4,000 -15% $14.03 22,506 13 Aug 2024 Direct F2, F3

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 Class B Common Stock Conversion of derivative security $0 -4,000 -1.4% $0.000000 285,860 13 Aug 2024 Class A Common Stock 4,000 Direct F1
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -25,000 -13% $0.000000 174,999 14 Aug 2024 Class B Common Stock 25,000 $2.16 Direct F4
transaction PUBM Class B Common Stock Options Exercise $54,000 +25,000 +8.7% $2.16 310,860 14 Aug 2024 Class A Common Stock 25,000 Direct F1
holding PUBM Class B Common Stock 73,464 13 Aug 2024 Class A Common Stock 73,464 By spouse F1
holding PUBM Class B Common Stock 41,536 13 Aug 2024 Class A Common Stock 41,536 By PSLT DE LLC F1, F5
holding PUBM Class B Common Stock 115,000 13 Aug 2024 Class A Common Stock 115,000 By SMP DE LLC F1, F6
* 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 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.
F2 The sales reported in this Form 4 were effected pursuant to a May 9, 2024.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.89 to $14.17 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.
F4 The option vested as to 1/48 of the total shares on February 1, 2020, and 1/48 of the total shares vests monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F5 The Reporting Person and his children are beneficiaries of PSLT DE LLC.
F6 The Reporting Person's spouse and his children are beneficiaries of SMP DE LLC.