Form 4: PubMatic CFO Steven Pantelick Executes Stock Sale Under 10b5-1 Plan

Steven Pantelick, CFO of PubMatic, Inc., sold 4,000 shares of Class A Common Stock at an average price of $15.1438, while also acquiring 4,000 shares at $0, according to a recent SEC filing.

Summary

• On February 3, 2025, Steven Pantelick, the CFO of PubMatic, Inc., engaged in transactions involving the company's Class A Common Stock.
• Pantelick acquired 4,000 shares of Class A Common Stock at a price of $0.
• Simultaneously, he sold 4,000 shares of Class A Common Stock at a weighted average price of $15.1438.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 9, 2024.
• Following these transactions, Pantelick directly owns 22,506 shares of Class A Common Stock.
• He also has indirect ownership through various entities, including PSLT DE LLC (41,536 shares) and SMP DE LLC (115,000 shares).

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing reflects routine transactions under a pre-arranged trading plan. The acquisition of shares at $0 is related to stock grants, which is a common practice. The sale is not necessarily indicative of a negative outlook, especially given the 10b5-1 plan.

Positives

• The CFO's adherence to a pre-arranged 10b5-1 trading plan provides transparency and reduces concerns about insider trading.

Future Outlook

The filing does not contain any forward-looking statements regarding the company's future performance or financial guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. The use of a 10b5-1 plan is common and allows insiders to sell shares over a period of time without being accused of trading on non-public information.

Comparison to Industry Standards

• Comparing Pantelick's transactions to those of CFOs at similar ad-tech companies like Magnite (MGNI) or Criteo (CRTO) would provide a benchmark.
• Analyzing the frequency and size of insider transactions at these companies can offer insights into whether Pantelick's activity is typical.
• For example, if other CFOs in the industry are also selling shares under 10b5-1 plans, it could indicate a broader trend related to personal financial planning rather than a negative signal about the company's prospects.

Stakeholder Impact

• Shareholders may monitor insider transactions for insights into management's confidence in the company.
• Employees holding company stock may be interested in the CFO's trading activity.

Key Dates

Keywords

PubMatic, PUBM, Steven Pantelick, CFO, Class A Common Stock, Form 4, SEC Filing, 10b5-1 trading plan, insider trading