van der Zweep Michael 4
4 · PubMatic, Inc. · Filed Feb 17, 2023
Insider Transaction Report
Form 4
PubMatic, Inc.PUBM
van der Zweep Michael
Controller
Transactions
- Exercise/Conversion
Class A Common Stock
2023-02-15+502→ 1,592 total - Sale
Class A Common Stock
2023-02-16$16.95/sh−219$3,712→ 1,373 total - Exercise/Conversion
Restricted Stock Unit
2023-02-15−433→ 5,200 total→ Class A Common Stock (433 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-15−69→ 621 total→ Class A Common Stock (69 underlying)
Footnotes (6)
- [F1]The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs"). The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.70 to $17.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F3]Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of vesting for no consideration. Unless otherwise provided, on each vesting date shares of common stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations.
- [F4]The RSUs vest as to 1/16th of the total shares quarterly, beginning on August 15, 2021, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F5]RSUs do not expire; they either vest or are canceled prior to the vesting date.
- [F6]The RSUs vest as to 1/16th of the total shares on May 15, 2022, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.