Thomas Chow - Jun 30, 2021 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Signature
/s/ Thomas Chow
Stock symbol
PUBM
Transactions as of
Jun 30, 2021
Transactions value $
-$242,613
Form type
4
Date filed
7/2/2021, 08:10 PM
Previous filing
Jun 3, 2021
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PUBM Class A Common Stock Options Exercise $0 +1.61K $0.00 1.61K Jun 30, 2021 Direct
transaction PUBM Class A Common Stock Conversion of derivative security $0 +5K +310.95% $0.00 6.61K Jul 1, 2021 Direct
transaction PUBM Class A Common Stock Sale -$129K -3.5K -52.97% $36.88 3.11K Jul 1, 2021 Direct F1, F2
transaction PUBM Class A Common Stock Sale -$38.3K -1K -32.18% $38.29 2.11K Jul 1, 2021 Direct F1, F3
transaction PUBM Class A Common Stock Sale -$19.5K -500 -23.72% $39.06 1.61K Jul 1, 2021 Direct F1, F4
transaction PUBM Class A Common Stock Sale -$22K -630 -39.18% $34.97 978 Jul 2, 2021 Direct F1, F5
transaction PUBM Class A Common Stock Sale -$33.7K -978 -100% $34.44 0 Jul 2, 2021 Direct F1, F6

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 -1.61K -12.5% $0.00 11.3K Jun 30, 2021 Class A Common Stock 1.61K Direct F7, F8, F9
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -5K -8.33% $0.00 55K Jul 1, 2021 Class B Common Stock 5K $3.89 Direct F10
transaction PUBM Class B Common Stock Options Exercise $0 +5K $0.00 5K Jul 1, 2021 Class A Common Stock 5K Direct F11
transaction PUBM Class B Common Stock Conversion of derivative security $0 -5K -100% $0.00* 0 Jul 1, 2021 Class A Common Stock 5K Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.55 to $37.43, 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 in this footnote 2 to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.68 to $38.65, 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 in this footnote 3 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.77 to $39.40, 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 in this footnote 4 to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $34.68 to $35.43, 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 in this footnote 5 to this Form 4.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.35 to $34.52, 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 in this footnote 5 to this Form 4.
F7 Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's Class A Common Stock at the time of vesting for no consideration. On January 29, 2021, the Reporting Person was granted 12,862 RSUs. Such RSUs were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission on February 2, 2021.
F8 The RSUs vest as to 1/8 of the total shares on June 30, 2021, 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 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F10 The options vest as to 25% of the total shares on July 10, 2019, and 1/4 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F11 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.