Mukul Kumar - 13 Nov 2024 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Role
PRESIDENT, ENGINEERING
Signature
/s/ Andrew Woods, Attorney-in-Fact
Issuer symbol
PUBM
Transactions as of
13 Nov 2024
Net transactions value
-$355,308
Form type
4
Filing time
15 Nov 2024, 16:17:07 UTC
Previous filing
03 Oct 2024
Next filing
04 Dec 2024
SEC
View on sec.gov

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 +21,000 +47% $0.000000 65,888 13 Nov 2024 Direct F1
transaction PUBM Class A Common Stock Sale $281,847 -16,859 -26% $16.72 49,029 13 Nov 2024 Direct F2, F3
transaction PUBM Class A Common Stock Sale $73,461 -4,141 -8.4% $17.74 44,888 13 Nov 2024 Direct 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 Class B Common Stock Conversion of derivative security $0 -21,000 -23% $0.000000 68,600 13 Nov 2024 Class A Common Stock 21,000 Direct F1
* 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 that occurs after the closing of the Issuer's initial public offering, except for certain permitted transfers.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $16.50 to $17.43, 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 herein.