Pantelick Steven 4

What Happened
Steven Pantelick, Chief Financial Officer of PubMatic, was granted 316,097 restricted stock units (RSUs) on February 17, 2026. The Form 4 reports the grant as an award/acquisition (code A) with an acquisition price of $0 (derivative award) — no cash changed hands at grant. Each RSU represents the right to receive one share of PubMatic Class A common stock upon vesting.

Key Details

• Transaction date: February 17, 2026; Form filed February 19, 2026 (appears timely — within the two-business-day reporting window).
• Award type/code: RSU grant (transaction code A); reported as a derivative acquisition at $0.00.
• Shares/units granted: 316,097 RSUs.
• Shares owned after transaction: Not specified in the provided filing.
• Vesting terms (from filing): RSUs vest 1/16 of the total each quarter beginning April 1, 2026, subject to continued service (F2). RSUs do not expire — they either vest or are canceled (F3). Each RSU converts to one share at vesting for no consideration (F1).

Context
RSU grants are a form of equity compensation and do not represent an immediate purchase or sale of shares. They vest over time subject to service conditions, so this award does not necessarily indicate immediate insider buying or selling. For retail investors, note that grants are routine for executive compensation and should be considered alongside other insider trades and company fundamentals.