MEHTA NIKHIL RAMESH 4

What Happened

• Nikhil Ramesh Mehta, a director of PubMatic, Inc. (PUBM), received a grant of 15,839 restricted stock units (RSUs) on 2026-05-29. The RSUs were reported as a derivative award (transaction code A) with an acquisition price of $0.00; the reported transaction value is $0 at grant.
• This is a grant/award (not a market purchase or sale) — it does not represent an immediate cash transaction or sale and signals a future right to receive shares if vesting conditions are met.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (filed within the SEC's two-business-day window).
• Amount: 15,839 RSUs; Price reported: $0.00 (typical for awards). Classified as a derivative/award (code A).
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to one share of the issuer's Class A common stock upon settlement.
  • F2: RSUs vest in full on the earliest of (a) first anniversary of the grant date, (b) immediately prior to the Company's 2027 annual meeting, (c) the reporting person's death or disability, or (d) a change in control. Shares will be delivered upon settlement.
  • F3: RSUs do not expire; they either vest or are cancelled prior to the vesting date.

Context

• RSU grants are common compensation for executives/directors and indicate potential future ownership if vesting criteria are met; they are not the same as an immediate purchase (which some investors view as a stronger bullish signal).
• The award is a derivative grant (future settlement into shares). The ultimate value to the insider depends on PubMatic's stock price when the RSUs settle.