Form 4: PubMatic Director Yakov Shulman Equity Transaction

Director Yakov Shulman acquired 9,971 shares of PubMatic Class A Common Stock through RSU vesting and received a new grant of 15,839 RSUs.

Summary

• Director Yakov Shulman exercised and settled 9,971 Restricted Stock Units (RSUs) into Class A Common Stock on May 31, 2026.
• The reporting person was granted 15,839 new RSUs on May 29, 2026.
• Following these transactions, the reporting person holds 18,036 shares of Class A Common Stock directly.
• The new RSU grant vests on the earliest of the first anniversary of the grant, the 2027 annual meeting, death/disability, or a change in control.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding director equity compensation with no impact on company operations.

Positives

• Director maintains a direct equity stake in the company, aligning interests with shareholders.

Negatives

• None identified; this is a standard equity compensation disclosure.

Risks

• Equity compensation is subject to vesting conditions and potential cancellation if service requirements are not met.

Future Outlook

The new RSU grant is scheduled to vest on the earliest of the first anniversary of the grant date, the 2027 annual meeting, death/disability, or a change in control, with settlement deferred until specific future events.

Industry Context

StockSavvy.ai notes that this filing represents routine director compensation and equity management, which is standard practice for publicly traded technology companies to retain board members.

Comparison to Industry Standards

• The use of RSU grants for director compensation is consistent with standard corporate governance practices in the AdTech and software sectors.

Stakeholder Impact

• Minimal impact on shareholders as this reflects standard director compensation.

Next Steps

• Vesting of the 15,839 RSUs granted on May 29, 2026, subject to the terms of the grant agreement.

Key Dates

Keywords

PubMatic, PUBM, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units