Form 4: PubMatic Executive Amar K. Goel Reports Stock Transactions

Amar K. Goel, Chairman and Chief Innovation Officer of PubMatic, Inc., reports acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax obligations.

Summary

• Amar K. Goel, Chairman and Chief Innovation Officer at PubMatic, filed a Form 4 detailing changes in beneficial ownership.
• On December 31, 2024, 1,005 shares of Class A Common Stock were acquired through the vesting of Restricted Stock Units (RSUs).
• On January 1, 2025, an additional 9,191 shares of Class A Common Stock were acquired through RSU vesting.
• On January 2, 2025, 4,087 shares of Class A Common Stock were sold at a weighted average price of $14.8377 to cover tax withholding obligations.
• Following these transactions, Goel directly owns 14,044 shares of Class A Common Stock.
• Goel also indirectly owns shares through various trusts, including the Birchwood Trust (1,231,585 shares), Tuscan Irrevocable Trust (755,584 shares), Marais Irrevocable Trust (755,314 shares), RAJN Trust-A (524,162 shares), RAJN Trust-N (524,247 shares), and as custodian for his children (443,414 shares).

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 about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring compliance with SEC regulations.
• The reported transactions are typical for executives receiving stock-based compensation and selling shares to cover tax liabilities.
• Similar filings are common among executives at comparable companies in the advertising technology sector.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares in the open market.
• The vesting of RSUs and subsequent sale to cover taxes is a common practice and generally doesn't significantly affect the company's operations or financial stability.

Key Dates