Form 4: PubMatic Executive Mukul Kumar Reports Stock Transactions

Mukul Kumar, President of Engineering at PubMatic, reported 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 June 30, 2024, Kumar acquired 1,055 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Also on June 30, 2024, 1,055 RSUs vested.
• On July 1, 2024, Kumar sold 440 shares of Class A Common Stock at an average price of $19.8973 per share.
• The sale was to cover tax withholding obligations related to the vesting of the RSUs.
• Following these transactions, Kumar directly owns 31,573 shares of Class A Common Stock and 2,110 RSUs.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider trading activity.
• The sale of shares could have a minor impact on the stock price, though the volume is relatively small.

Key Dates