Form 4: PubMatic Director Yakov (Jacob) Shulman Reports Acquisition of Restricted Stock Units

Director Yakov (Jacob) Shulman reports the acquisition of 7,990 Restricted Stock Units (RSUs) of PubMatic, Inc. on May 31, 2024.

Summary

• On May 31, 2024, Yakov (Jacob) Shulman, a director of PubMatic, Inc., acquired 7,990 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of PubMatic's Class A Common Stock upon settlement.
• The 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.
• Shulman has elected to defer settlement of the RSUs until the earliest of (i) the third anniversary of the grant date, (ii) his death or disability, (iii) a change in control of the Issuer, and (iv) his separation of service from the Issuer.
• The director directly owns 7,990 derivative securities following the reported transaction.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of RSUs being granted to a director. It doesn't inherently indicate positive or negative sentiment, but rather a routine part of executive compensation.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs vest and will be settled based on future events, including the company's performance and potential change in control.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates