Amar K. Goel - 31 Dec 2024 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Signature
/s/ Andrew Woods, Attorney-in-Fact
Issuer symbol
PUBM
Transactions as of
31 Dec 2024
Net transactions value
-$60,642
Form type
4
Filing time
03 Jan 2025, 16:26:50 UTC
Previous filing
03 Oct 2024
Next filing
06 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PUBM Class A Common Stock Options Exercise $0 +1,005 +13% $0.000000 8,940 31 Dec 2024 Direct
transaction PUBM Class A Common Stock Options Exercise $0 +9,191 +103% $0.000000 18,131 01 Jan 2025 Direct
transaction PUBM Class A Common Stock Sale $60,642 -4,087 -23% $14.84 14,044 02 Jan 2025 Direct F1, F2

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 Restricted Stock Unit Options Exercise $0 -1,005 -100% $0.000000 0 31 Dec 2024 Class A Common Stock 1,005 $0.000000 Direct F3, F4, F5
transaction PUBM Restricted Stock Unit Options Exercise $0 -2,992 -20% $0.000000 11,971 01 Jan 2025 Class A Common Stock 2,992 $0.000000 Direct F3, F5, F6
transaction PUBM Restricted Stock Unit Options Exercise $0 -2,030 -11% $0.000000 16,239 01 Jan 2025 Class A Common Stock 2,030 $0.000000 Direct F3, F5, F7
transaction PUBM Restricted Stock Unit Options Exercise $0 -4,169 -7.7% $0.000000 50,025 01 Jan 2025 Class A Common Stock 4,169 $0.000000 Direct F3, F5, F8
holding PUBM Class B Common Stock 1,231,585 31 Dec 2024 Class A Common Stock 1,231,585 By Birchwood Trust F9, F10
holding PUBM Class B Common Stock 755,584 31 Dec 2024 Class A Common Stock 755,584 By Tuscan Irrevocable Trust F9, F11
holding PUBM Class B Common Stock 755,314 31 Dec 2024 Class A Common Stock 755,314 By Marais Irrevocable Trust F9, F12
holding PUBM Class B Common Stock 524,162 31 Dec 2024 Class A Common Stock 524,162 By RAJN Trust-A F9, F13
holding PUBM Class B Common Stock 524,247 31 Dec 2024 Class A Common Stock 524,247 By RAJN Trust-N F9, F14
holding PUBM Class B Common Stock 443,414 31 Dec 2024 Class A Common Stock 443,414 See footnote F9, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 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 a block trade for multiple security holders of the Issuer at prices ranging from $14.61 to $15.09, 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 RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration.
F4 The RSUs vested as to 1/8 of the total shares on June 30, 2021, 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.
F5 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F6 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.
F7 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.
F8 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.
F9 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.
F10 These shares are held by the Birchwood Trust, of which the Reporting Person and his spouse are beneficiaries.
F11 These shares are held by the Tuscan Irrevocable Trust, of which the Reporting Person is a beneficiary.
F12 These shares are held by the Marais Irrevocable Trust, of which the Reporting Person's spouse is a beneficiary. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F13 These shares are held by the RAJN Trust-A, of which one of the Reporting Person's children is a beneficiary. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F14 These shares are held by the RAJN Trust-N, of which one of the Reporting Person's children is a beneficiary. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F15 These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act.