Michael van der Zweep - 10 Nov 2021 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
Controller
Signature
/s/ Thomas Chow, Attorney-in-Fact
Issuer symbol
PUBM
Transactions as of
10 Nov 2021
Net transactions value
-$817,320
Form type
4
Filing time
12 Nov 2021, 17:04:28 UTC
Previous filing
15 Jun 2021
Next filing
17 Nov 2021

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 +20,365 +47360% $0.000000 20,408 10 Nov 2021 Direct
transaction PUBM Class A Common Stock Sale $796,785 -19,865 -97% $40.11 543 10 Nov 2021 Direct F1, F2
transaction PUBM Class A Common Stock Sale $20,535 -500 -92% $41.07 43 10 Nov 2021 Direct F1, 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 Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -4,167 -8.3% $0.000000 45,833 10 Nov 2021 Class B Common Stock 4,167 $5.29 Direct F4
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -6,198 -35% $0.000000 11,302 10 Nov 2021 Class B Common Stock 6,198 $2.97 Direct F5
transaction PUBM Stock Option (Right to buy Class B Common Stock) Options Exercise $0 -10,000 -100% $0.000000* 0 10 Nov 2021 Class B Common Stock 10,000 $2.15 Direct F6
transaction PUBM Class B Common Stock Options Exercise $0 +20,365 +41% $0.000000 70,205 10 Nov 2021 Class A Common Stock 20,365 Direct F7
transaction PUBM Class B Common Stock Conversion of derivative security $0 -20,365 -29% $0.000000 49,840 10 Nov 2021 Class A Common Stock 20,365 Direct F7
* 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $40.00 to $40.98, 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 in prices ranging from $41.00 to $41.15, 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 options vest as to 1/48 of the total shares on November 1, 2020, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F5 The options vest as to 1/48 of the total shares on October 1, 2019, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F6 The options are fully vested.
F7 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.