Form 4: PubMatic CFO Steven Pantelick Reports Stock Option Exercise and Resulting Share Ownership
SEC Form 4 Filing
Steven Pantelick, CFO of PubMatic, Inc., reports exercising stock options and converting Class B common stock to Class A common stock.
Summary
- On October 4, 2024, Steven Pantelick, the Chief Financial Officer of PubMatic, Inc., executed transactions involving PubMatic's stock.
- Pantelick exercised stock options to acquire 9,462 shares of Class B Common Stock at a price of $2.97 per share.
- These shares were then converted into Class A Common Stock.
- Following these transactions, Pantelick directly owns 333,488 shares of Class A Common Stock and indirectly owns shares through PSLT DE LLC (41,536 shares) and SMP DE LLC (115,000 shares).
- His spouse also indirectly owns 73,464 shares.
- Pantelick also directly owns 118,663 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings of key personnel.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
- The conversion of Class B shares to Class A shares slightly increases the number of publicly traded shares.
Key Dates
| Date | Description |
|---|---|
| 2019-02-01 | Option vests as to 1/48 of the total shares on February 1, 2019, and 1/48 of the total shares will vest monthly thereafter. |
| 2024-10-04 | Date of earliest transaction: Stock option exercise and conversion of Class B to Class A common stock. |
| 2024-10-07 | Date of signature on the Form 4 filing. |
| 2029-05-20 | Expiration date of the stock options. |
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