4/A: PubMatic Director Anton Hanebrink Receives Corrected Grant of Restricted Stock Units

Anton Hanebrink, a director at PubMatic, Inc., received a corrected grant of 8,447 restricted stock units (RSUs) on May 31, 2024, which vest under certain conditions.

Summary

• This is an amended SEC Form 4 filing by Anton Hanebrink, a director of PubMatic, Inc.
• The amendment corrects the number of restricted stock units (RSUs) granted to Hanebrink on May 31, 2024.
• The corrected filing shows a grant of 8,447 RSUs.
• These RSUs vest in full on the earliest of (a) the first anniversary of the grant date, (b) immediately prior to the Company's annual meeting of stockholders in 2025, (c) the Reporting Person's death or disability, and (d) a change in control of the Issuer.
• Hanebrink has elected to defer settlement of the RSUs until the earliest of (i) his death or disability, (ii) a change in control of the Issuer, and (iii) his separation of service from the Issuer.
• Upon settlement, each RSU represents one share of PubMatic's Class A Common Stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a stock grant, which is generally neutral to positive as it incentivizes a director. The sentiment is slightly positive due to the alignment of interests.

Positives

• The grant of RSUs aligns the director's interests with the long-term success of the company.

Future Outlook

The RSUs will vest based on the conditions outlined in the explanation of responses, potentially leading to the issuance of Class A Common Stock in the future.

Industry Context

Grants of restricted stock units are a common form of compensation for directors and executives in publicly traded companies, aligning their interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the director to act in the company's best interest.

Key Dates