Steven Pantelick - Dec 31, 2024 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Signature
/s/ Andrew Woods, Attorney-in-Fact
Stock symbol
PUBM
Transactions as of
Dec 31, 2024
Transactions value $
-$148,971
Form type
4
Date filed
1/3/2025, 06:24 PM
Previous filing
Dec 4, 2024
Next filing
Jan 6, 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 +2.26K +10.05% $0.00 24.8K Dec 31, 2024 Direct
transaction PUBM Class A Common Stock Options Exercise $0 +23.6K +95.12% $0.00 48.3K Jan 1, 2025 Direct
transaction PUBM Class A Common Stock Sale -$149K -10K -20.78% $14.84 38.3K Jan 2, 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 -2.26K -100% $0.00 0 Dec 31, 2024 Class A Common Stock 2.26K $0.00 Direct F3, F4, F5
transaction PUBM Restricted Stock Unit Options Exercise $0 -5.06K -20% $0.00 20.2K Jan 1, 2025 Class A Common Stock 5.06K $0.00 Direct F3, F5, F6
transaction PUBM Restricted Stock Unit Options Exercise $0 -9.55K -11.11% $0.00 76.4K Jan 1, 2025 Class A Common Stock 9.55K $0.00 Direct F3, F5, F7
transaction PUBM Restricted Stock Unit Options Exercise $0 -8.96K -7.69% $0.00 107K Jan 1, 2025 Class A Common Stock 8.96K $0.00 Direct F3, F5, F8
holding PUBM Class B Common Stock 73.5K Dec 31, 2024 Class A Common Stock 73.5K By spouse F9
holding PUBM Class B Common Stock 41.5K Dec 31, 2024 Class A Common Stock 41.5K By PSLT DE LLC F9, F10
holding PUBM Class B Common Stock 115K Dec 31, 2024 Class A Common Stock 115K By SMP DE LLC F9, 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 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 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 The Reporting Person and his children are beneficiaries of PSLT DE LLC.
F11 The Reporting Person's spouse and his children are beneficiaries of SMP DE LLC.