Form 4: PubMatic Executive Paulina Klimenko Reports Stock Transactions
SEC Form 4 Filing
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 June 30, 2024, Paulina Klimenko acquired 1,156 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at no cost.
- On July 1, 2024, she disposed of 627 shares of Class A Common Stock at a weighted average price of $19.8973 per share.
- These sales were to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Klimenko directly owns 3,554 shares of Class A Common Stock and 2,311 Restricted Stock Units.
- The RSUs vest in installments, subject to continued service with PubMatic.
Sentiment
Score: 5
Explanation: The document reflects standard executive stock transactions related to compensation, with no clear positive or negative implications for the company's overall outlook.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/30/2021 | RSUs vested as to 1/8 of the total shares. |
| 06/30/2024 | Acquisition of 1,156 shares of Class A Common Stock through RSU vesting. |
| 07/01/2024 | Disposal of 627 shares of Class A Common Stock at an average price of $19.8973. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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