Steven Pantelick - Sep 3, 2024 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Andrew Woods, Attorney-in-Fact
Stock symbol
PUBM
Transactions as of
Sep 3, 2024
Transactions value $
-$15,125
Form type
4
Date filed
9/5/2024, 04:35 PM
Previous filing
Aug 15, 2024
Next filing
Oct 2, 2024

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 +4K +17.77% $0.00 26.5K Sep 3, 2024 Direct F1
transaction PUBM Class A Common Stock Sale -$60.8K -4K -15.09% $15.21 22.5K Sep 3, 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 -4K -1.38% $0.00 286K Sep 3, 2024 Class A Common Stock 4K Direct F1
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -21.2K -12.09% $0.00 154K Sep 5, 2024 Class B Common Stock 21.2K $2.16 Direct F4
transaction PUBM Class B Common Stock Options Exercise $45.7K +21.2K +6.9% $2.16 328K Sep 5, 2024 Class A Common Stock 21.2K Direct F1
holding PUBM Class B Common Stock 73.5K Sep 3, 2024 Class A Common Stock 73.5K By spouse F1
holding PUBM Class B Common Stock 41.5K Sep 3, 2024 Class A Common Stock 41.5K By PSLT DE LLC F1, F5
holding PUBM Class B Common Stock 115K Sep 3, 2024 Class A Common Stock 115K 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 line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 9, 2024.
F3 The reported price in Column 4 of this line item is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.96 to $15.47 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.