Form 4: PubMatic Executive Andrew Woods Sells Shares Under 10b5-1 Plan

Andrew Woods, General Counsel & Secretary of PubMatic, Inc., sold 2,710 shares of Class A Common Stock at $15.30 per share on September 3, 2024, under a pre-arranged trading plan.

Summary

• On September 3, 2024, Andrew Woods, the General Counsel & Secretary of PubMatic, Inc., sold 2,710 shares of Class A Common Stock.
• The sale was executed at a price of $15.30 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on June 4, 2024.
• Following the transaction, Woods directly owns 26,739 shares of Class A Common Stock, which includes 1,389 shares acquired through the company's employee stock purchase plan on November 30, 2023.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.

Comparison to Industry Standards

• Executive stock sales are a normal part of corporate compensation and portfolio management.
• Similar sales are regularly reported by executives at companies like Google (Alphabet Inc.), Meta (Facebook), and Amazon.
• The volume and frequency of these sales are generally in line with industry standards for executive compensation and diversification.

Stakeholder Impact

• The sale may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price given the pre-planned nature of the transaction.

Key Dates