Form 4: PubMatic Executive Lisa Gimbel Reports Stock Transactions
SEC Form 4
Lisa Gimbel, Chief Accounting Officer of PubMatic, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- Lisa Gimbel, the Chief Accounting Officer of PubMatic, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 15, 2024, she acquired 773 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- Also on May 15, 2024, 773 Restricted Stock Units (RSUs) were acquired.
- On May 16, 2024, she disposed of 282 shares of Class A Common Stock at an average price of $22.8194 per share.
- On May 21, 2024, she disposed of 491 shares of Class A Common Stock at a price of $23.33 per share.
- Following these transactions, Gimbel directly owns 491 shares of Class A Common Stock and 11,589 Restricted Stock Units.
- The RSUs vest quarterly, starting May 15, 2024, with 1/16 of the total shares vesting each quarter, contingent upon continued service to PubMatic.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Future Outlook
The RSUs vest as to 1/16 of the total shares quarterly beginning on May 15, 2024, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Acquisition of 773 shares of Class A Common Stock through RSU vesting; RSUs vest as to 1/16 of the total shares quarterly beginning on this date. |
| 05/16/2024 | Sale of 282 shares of Class A Common Stock at an average price of $22.8194. |
| 05/21/2024 | Sale of 491 shares of Class A Common Stock at a price of $23.33. |
| 05/30/2024 | Date of signature for the Form 4 filing. |
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