Form 4: PubMatic Executive Mukul Kumar Reports Stock Transactions

Mukul Kumar, President of Engineering at PubMatic, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax obligations.

Summary

• Mukul Kumar, President of Engineering at PubMatic, filed a Form 4 detailing changes in beneficial ownership.
• On March 31, 2024, Kumar acquired 1,055 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• On April 1, 2024, Kumar sold 475 shares of Class A Common Stock at a weighted average price of $23.6366 per share.
• These sales were to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Kumar directly owns 25,162 shares of Class A Common Stock and 3,165 Restricted Stock Units.
• The RSUs vest over time, subject to Kumar's continued service to PubMatic.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares compared to the total outstanding shares.

Key Dates