Form 4: PubMatic CFO Steven Pantelick Sells 4,000 Shares of Class A Common Stock

PubMatic's CFO, Steven Pantelick, sold 4,000 shares of Class A Common Stock on November 4, 2024, while also acquiring 4,000 shares through conversion.

Summary

• On November 4, 2024, Steven Pantelick, the CFO of PubMatic, Inc., engaged in transactions involving the company's stock.
• Pantelick acquired 4,000 shares of Class A Common Stock through conversion at a price of $0.
• Simultaneously, he sold 4,000 shares of Class A Common Stock at a weighted average price of $14.4503, with prices ranging from $14.33 to $14.63.
• These 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 and SMP DE LLC, for which he or his family members are beneficiaries.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider trading activity. It doesn't inherently convey positive or negative sentiment, as it's simply a record of transactions.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information. The sale represents a small percentage of Pantelick's overall holdings.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some investors, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates