Form 4: PubMatic's Chief Accounting Officer Lisa Gimbel Sells Shares Under 10b5-1 Plan

Lisa Gimbel, Chief Accounting Officer of PubMatic, Inc., sold 300 shares of Class A Common Stock at $14.69 per share on February 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 3, 2025, Lisa Gimbel, the Chief Accounting Officer of PubMatic, Inc., sold 300 shares of Class A Common Stock.
• The sale was executed at a price of $14.69 per share.
• Following the transaction, Ms. Gimbel directly owns 3,534 shares of PubMatic's Class A Common Stock.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on August 22, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by a company officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates