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

PubMatic's Chief Financial Officer, Steven Pantelick, engaged in stock transactions involving the acquisition and sale of Class A common stock, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Steven Pantelick, the Chief Financial Officer of PubMatic, Inc., acquired 4,000 shares of Class A common stock at $0 and sold 4,000 shares at a weighted average price of $16.5566 on December 3, 2024.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on May 9, 2024.
• The sale of shares occurred at prices ranging from $16.39 to $16.68.
• Following these transactions, Pantelick directly owns 22,506 shares of Class A common stock.
• Pantelick also indirectly owns shares through various entities, including 73,464 shares through his spouse, 41,536 shares through PSLT DE LLC, and 115,000 shares through SMP DE LLC.

Sentiment

Score: 5

Explanation: The document reflects routine stock transactions by an executive under a pre-planned trading plan. There is no indication of positive or negative sentiment, making it neutral.

Positives

• The transactions were executed under a pre-arranged 10b5-1 trading plan, which is a common practice for executives to avoid accusations of insider trading.
• The acquisition of shares at $0 suggests a potential grant or vesting of stock options or restricted stock units.

Negatives

• The sale of 4,000 shares by the CFO could be interpreted as a lack of confidence in the company's future performance, although it is part of a pre-planned strategy.

Risks

• Executive stock sales can sometimes negatively impact investor sentiment, even if they are part of a pre-planned trading strategy.
• The market may react to these transactions, potentially causing short-term volatility in the stock price.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. The use of 10b5-1 plans is a standard practice to manage insider trading risks. This filing is a routine disclosure and does not indicate any specific trend in the industry.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, including those in the technology sector like PubMatic.
• Similar filings are regularly made by executives at companies such as The Trade Desk (TTD) and Magnite (MGNI), which are also in the ad tech space.
• The transaction prices are within the typical range for stock sales by executives, reflecting the current market valuation of the company.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholder sentiment, but the pre-planned nature of the trades should mitigate any significant concerns.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

PubMatic, Steven Pantelick, CFO, stock transaction, Rule 10b5-1, Class A common stock, insider trading, SEC Form 4