Form 4: PubMatic's General Counsel Andrew Woods Reports Stock Transactions
SEC Form 4 Filing
Andrew Woods, General Counsel & Secretary of PubMatic, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax obligations.
Summary
- On July 1, 2024, Andrew Woods, General Counsel & Secretary of PubMatic, Inc., acquired 8,687 shares of Class A Common Stock through the vesting of Restricted Stock Units.
- On July 2, 2024, Woods disposed of 3,266 shares of Class A Common Stock at a weighted average price of $20.4143 to cover tax withholding obligations related to the vesting of RSUs.
- The reported transactions resulted in Woods beneficially owning 31,336 shares of Class A Common Stock and various amounts of RSUs.
- The RSUs vest quarterly, contingent upon Woods' continued service to PubMatic.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but it is primarily related to tax obligations of the reporting person.
Key Dates
| Date | Description |
|---|---|
| April 1, 2023 | RSUs vested as to 1/16th of the total award, and 1/16th of the total shares will vest quarterly thereafter. |
| October 1, 2023 | RSUs vested as to 1/4 of the total award. |
| April 1, 2024 | RSUs vest as to 1/16th of the total shares, and 1/16th of the total shares will vest quarterly thereafter. |
| May 31, 2024 | 1,496 shares of Class A Common Stock acquired pursuant to the Issuer's employee stock purchase plan. |
| July 1, 2024 | Acquisition of 8,687 shares of Class A Common Stock through RSU vesting. |
| July 2, 2024 | Sale of 3,266 shares of Class A Common Stock to cover tax withholding obligations. |
| July 3, 2024 | Date of signature for the Form 4 filing. |
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