Form 4: PubMatic CFO Steven Pantelick Reports Stock Transactions

Steven Pantelick, CFO of PubMatic, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on April 1-3, 2025.

Summary

• Steven Pantelick, the CFO of PubMatic, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, Pantelick acquired 30,965 shares of Class A Common Stock and converted 4,000 shares of Class B Common Stock to Class A Common Stock.
• He also disposed of shares to cover tax withholding obligations related to vesting RSUs.
• On April 2, 2025, he sold 12,061 shares of Class A Common Stock at an average price of $9.3073.
• On April 3, 2025, he sold 18,384 shares of Class A Common Stock at an average price of $8.4545.
• These sales were executed under a Rule 10b5-1 trading plan adopted on May 9, 2024.
• Pantelick also reported transactions involving Restricted Stock Units (RSUs) that vested on April 1, 2025.
• Following these transactions, Pantelick directly owns 27,026 shares of Class A Common Stock and holds various amounts of Class B Common Stock indirectly through trusts.
• He directly owns 309,488 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing the volume and frequency of insider trading activity at PubMatic to its peers in the advertising technology sector can provide insights into relative valuation and sentiment.
• Companies like Magnite (MGNI) and Criteo (CRTO) are comparable in terms of industry and market capitalization, and their insider trading activity can serve as a benchmark.

Stakeholder Impact

• Shareholders may interpret these transactions as a signal of management's view on the company's stock value.
• The sales to cover tax obligations are a common practice and may not necessarily indicate a lack of confidence in the company.

Key Dates

Keywords

Form 4, PubMatic, Pantelick, Stock, RSU, Class A Common Stock, Class B Common Stock, Beneficial Ownership, Transaction, Rule 10b5-1