Form 4: PubMatic Executive Mukul Kumar Reports Stock Transactions

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

• Mukul Kumar, President of Engineering at PubMatic, filed a Form 4 detailing changes in beneficial ownership of PubMatic, Inc. stock.
• On September 30, 2024, 1,055 shares of Class A Common Stock were acquired through the vesting of Restricted Stock Units (RSUs).
• Also on September 30, 2024, 1,055 RSUs vested.
• On October 1, 2024, 412 shares were sold at a weighted average price of $14.8675 per share.
• The sales were to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Kumar directly owns 38,427 shares of Class A Common Stock and 1,055 RSUs.

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.

Industry Context

This 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 stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the amount is relatively small.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates