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

Andrew Woods, General Counsel & Secretary of PubMatic, Inc., sold 2,579 shares of Class A Common Stock on January 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 3, 2025, Andrew Woods, the General Counsel & Secretary of PubMatic, Inc., sold 2,579 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on June 4, 2024.
• The shares were sold at a weighted average price of $15.1481.
• The prices for individual transactions ranged from $14.885 to $15.36 per share.
• Following the transaction, Woods directly owns 32,123 shares of PubMatic's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was conducted under a pre-planned 10b5-1 trading plan. It doesn't necessarily indicate a positive or negative outlook on the company's future.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of insider trading. The market typically analyzes the size and frequency of such sales to gauge insider sentiment.

Stakeholder Impact

• The sale of shares by a company insider could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates