Form 4: PubMatic Executive Paulina Klimenko Reports Stock Transactions

Paulina Klimenko, Chief Growth Officer of PubMatic, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax obligations.

Summary

• On September 30, 2024, Paulina Klimenko acquired 1,155 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• On October 1, 2024, Klimenko disposed of 586 shares of Class A Common Stock at an average price of $14.8675.
• These sales were to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Klimenko directly owns 6,618 shares of Class A Common Stock and 1,156 Restricted Stock Units.
• The reported price of $14.8675 is a weighted average price from a block trade with prices ranging from $14.82 to $14.91.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's trading activity.

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 into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a standard practice in publicly traded companies like PubMatic.
• Similar filings are made by executives at companies like The Trade Desk (TTD) and Magnite (MGNI), which are competitors in the ad tech space.
• The 'sell to cover' transaction for tax obligations is a common method used by executives to manage their equity compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates