Form 4: PubMatic's Chief Accounting Officer, Lisa Gimbel, Reports Stock Transactions

Lisa Gimbel, Chief Accounting Officer of PubMatic, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units related to vesting and tax obligations.

Summary

• Lisa Gimbel, the Chief Accounting Officer of PubMatic, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 15, 2025, Gimbel acquired 1,395 and 773 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Also on February 15, 2025, RSUs converted into Class A Common Stock.
• On February 18, 2025, Gimbel disposed of 911 shares of Class A Common Stock at a price of $15.3884 per share.
• These sales were to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Gimbel directly owns 4,791 shares of Class A Common Stock.
• Gimbel also holds 13,950 and 9,271 Restricted Stock Units.
• The RSUs vest quarterly, contingent upon Gimbel's continued service to PubMatic.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for officers of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, ensuring transparency in their trading activities.
• Similar filings are made by executives at companies like The Trade Desk (TTD) and Magnite (MGNI), which are direct competitors of PubMatic in the ad tech space.
• The volume of shares traded and the reasons for the transactions (e.g., tax obligations related to vesting) are typical for executive compensation packages.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares, but the overall effect is likely minimal.
• Employees may be indirectly affected as these transactions relate to executive compensation.

Key Dates

Keywords

Form 4, PubMatic, PUBM, Lisa Gimbel, Chief Accounting Officer, Stock Transactions, Restricted Stock Units, RSU, Beneficial Ownership, SEC Filing