Form 4: PubMatic Executive Andrew Woods Reports Stock Transactions

Andrew Woods, General Counsel & Secretary of PubMatic, Inc., reported the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on January 1 and 2, 2025.

Summary

• On January 1, 2025, Andrew Woods acquired 8,687 shares of Class A Common Stock and disposed of 3,529 shares on January 2, 2025.
• These transactions involved the vesting and settlement of restricted stock units (RSUs) and sales to cover tax withholding obligations.
• The price per share for the disposed shares averaged $14.8377, with sales occurring within a range of $14.61 to $15.09.
• Woods also reported transactions involving RSUs, including the vesting of 4,039, 1,251, and 3,397 RSUs on January 1, 2025.
• Following these transactions, Woods beneficially owns 34,702 shares of Class A Common Stock and varying amounts of RSUs with different vesting schedules.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the General Counsel's stock activity related to compensation and tax obligations.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The 'sell to cover' transaction for tax obligations is a common practice among executives receiving stock-based compensation.
• The vesting schedules of the RSUs (quarterly vesting after an initial period) are typical in the tech industry for employee retention.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
• Employees holding RSUs may be interested in the vesting schedules and tax implications.

Key Dates