Form 4: PubMatic Executive Mukul Kumar Reports Stock Transactions
SEC Form 4
Mukul Kumar, President of Engineering at PubMatic, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax obligations.
Summary
- On October 1, 2024, Mukul Kumar acquired 10,540 shares of Class A Common Stock and disposed of 2,247, 4,279, and 4,014 Restricted Stock Units.
- On October 2, 2024, Kumar disposed of 4,079 shares of Class A Common Stock at a weighted average price of $14.5244.
- These transactions were related to the vesting and settlement of RSUs, with sales executed to cover tax withholding obligations.
- Following these transactions, Kumar directly owns 44,888 shares of Class A Common Stock and holds 52,186 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| April 1, 2022 | RSUs vested as to 1/16th of the total shares. |
| April 1, 2023 | RSUs vested as to 1/16th of the total shares. |
| April 1, 2024 | RSUs vested as to 1/16th of the total shares. |
| October 1, 2024 | Acquisition of 10,540 shares of Class A Common Stock and disposal of 2,247, 4,279, and 4,014 Restricted Stock Units. |
| October 2, 2024 | Sale of 4,079 shares of Class A Common Stock at a weighted average price of $14.5244. |
| October 3, 2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.