| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PUBM | Class A Common Stock | Options Exercise | $0 | +23.6K | +99.74% | $0.00 | 47.2K | Oct 1, 2024 | Direct | |
| transaction | PUBM | Class A Common Stock | Sale | -$172K | -11.8K | -25.1% | $14.52 | 35.3K | Oct 2, 2024 | Direct | F1, F2 |
| transaction | PUBM | Class A Common Stock | Conversion of derivative security | $0 | +4K | +11.32% | $0.00 | 39.3K | Oct 3, 2024 | Direct | F3 |
| transaction | PUBM | Class A Common Stock | Sale | -$241K | -16.8K | -42.79% | $14.32 | 22.5K | Oct 3, 2024 | Direct | F4, F5 |
| 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 | -5.06K | -16.67% | $0.00 | 25.3K | Oct 1, 2024 | Class A Common Stock | 5.06K | $0.00 | Direct | F6, F7, F8 |
| transaction | PUBM | Restricted Stock Unit | Options Exercise | $0 | -9.55K | -10% | $0.00 | 85.9K | Oct 1, 2024 | Class A Common Stock | 9.55K | $0.00 | Direct | F6, F8, F9 |
| transaction | PUBM | Restricted Stock Unit | Options Exercise | $0 | -8.96K | -7.14% | $0.00 | 116K | Oct 1, 2024 | Class A Common Stock | 8.96K | $0.00 | Direct | F6, F8, F10 |
| transaction | PUBM | Class B Common Stock | Conversion of derivative security | $0 | -4K | -1.22% | $0.00 | 324K | Oct 3, 2024 | Class A Common Stock | 4K | Direct | F3 | |
| holding | PUBM | Class B Common Stock | 73.5K | Oct 1, 2024 | Class A Common Stock | 73.5K | By spouse | F3 | ||||||
| holding | PUBM | Class B Common Stock | 41.5K | Oct 1, 2024 | Class A Common Stock | 41.5K | By PSLT DE LLC | F3, F11 | ||||||
| holding | PUBM | Class B Common Stock | 115K | Oct 1, 2024 | Class A Common Stock | 115K | By SMP DE LLC | F3, F12 |
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).
| Id | Content |
|---|---|
| F1 | The sales reported in this line item 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 this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer on October 2, 2024 and October 3, 2024 at prices ranging from $14.32 to $14.77, 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 with regard to the block trade. |
| 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, except for certain permitted transfers. |
| F4 | 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. |
| F5 | The price reported in this line item is a weighted average price. These shares were sold at prices ranging from $14.22 to $14.49, 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. |
| F6 | Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration. |
| F7 | The RSUs vested as to 1/16th of the total shares on April 1, 2022, and 1/16th of the total shares vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. |
| F8 | RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| F9 | 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. |
| F10 | The RSUs vest as to 1/16th of the total shares on April 1, 2024, 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. |
| F11 | The Reporting Person and his children are beneficiaries of PSLT DE LLC. |
| F12 | The Reporting Person's spouse and his children are beneficiaries of SMP DE LLC. |
This amendment to Form 4 filed on October 3, 2024 (the "Form 4") (a) corrects the number of shares sold by the Reporting Person on October 3, 2024, (b) includes the conversion of 4,000 shares of Class B Common Stock to Class A Common Stock on October 3, 2024, and (c) amends and restates the Form 4 in its entirety