Kumar Mukul 4

What Happened
Kumar Mukul, President, Engineering at PubMatic, was granted 133,761 restricted stock units (RSUs) on 2026-02-17. The grant is reported as a derivative award (price listed $0.00), meaning no cash was exchanged at grant; the RSUs represent rights to receive Class A common stock when they vest.

Key Details

• Transaction date: 2026-02-17; filing date: 2026-02-19.
• Grant: 133,761 RSUs; grant price shown as $0.00 (derivative award).
• Vesting: RSUs vest as to 1/16 of the total shares quarterly beginning April 1, 2026 — effectively a 16-quarter (4-year) schedule, subject to continued service. (Footnotes F1–F3)
• RSU terms: Each RSU converts to one share at vesting; RSUs do not expire and are canceled if forfeited prior to vesting.
• Shares owned after transaction: not specified in the filing.
• No indication the filing was late; filing occurred two days after the transaction.

Context
This is a standard equity compensation award (retention/incentive), not an open-market purchase or sale. Because RSUs convert to shares only upon vesting, the grant itself does not immediately change Mukul’s publicly tradable holdings or involve cash proceeds; eventual value depends on PubMatic’s share price at each vesting date.