Form 4: PubMatic Executive Mukul Kumar Reports Stock Transactions
SEC Filing
Mukul Kumar, President of Engineering at PubMatic, Inc., reported the acquisition and disposition of Class A Common Stock on May 16, 2024, according to a Form 4 filing with the SEC.
Summary
- On May 16, 2024, Mukul Kumar, President of Engineering at PubMatic, Inc., engaged in transactions involving the company's Class A Common Stock.
- Kumar acquired 7,000 shares of Class A Common Stock at $0.
- Simultaneously, Kumar disposed of 7,000 shares of Class A Common Stock at a weighted average price of $23.0228.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 3, 2023.
- Following these transactions, Kumar directly owns 30,958 shares of Class A Common Stock and 105,600 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock transactions by an executive under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.
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 trading activities.
Key Dates
| Date | Description |
|---|---|
| 03/03/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 05/16/2024 | Date of stock acquisition and disposition |
| 05/20/2024 | Date of Form 4 filing |
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