Form 4: PubMatic Executive Paulina Klimenko Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Paulina Klimenko, Chief Growth Officer of PubMatic, Inc., sold 5,653 shares of Class A Common Stock on April 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 8, 2024, Paulina Klimenko, the Chief Growth Officer of PubMatic, Inc., sold 5,653 shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on May 11, 2023.
- The shares were sold at a weighted average price of $23.705, with individual transactions ranging from $23.61 to $23.89 per share.
- Following the transaction, Klimenko directly owns 3,025 shares of PubMatic's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2023-05-11 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-04-08 | Date of transaction (stock sale) |
| 2024-04-09 | Date of Form 4 filing |
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