Pantelick Steven 4

4 · PubMatic, Inc. · Filed Jul 6, 2026

Research Summary

AI-generated summary of this filing

Updated Jul 6, 2026

PubMatic (PUBM) CFO Steven Pantelick Exercises RSUs, Sells Shares

What Happened

Steven Pantelick, Chief Financial Officer of PubMatic (PUBM), had restricted stock units (RSUs) convert/settle into 45,665 shares on July 1, 2026 (acquired at $0). To satisfy tax withholding and related obligations, shares were withheld/converted and additional shares were sold in the market.
He sold 23,548 shares on July 2, 2026 at a weighted-average price of $13.65 (proceeds ~$321,395) and sold 12,548 shares on July 6, 2026 at $13.42 (proceeds ~$168,336). Total reported cash proceeds from the open-market sales = $489,731.

Key Details

Dates & prices:
- July 1, 2026: RSU conversion/settlement — 45,665 shares acquired at $0 (derivative conversion).
- July 1, 2026: Zero-price dispositions of 9,547; 8,955; 7,407; and 19,756 shares (total 45,665) tied to the RSU settlement/withholding.
- July 2, 2026: Sold 23,548 shares @ $13.65 (weighted avg) — ~$321,395.
- July 6, 2026: Sold 12,548 shares @ $13.42 — ~$168,336.
Proceeds from open-market sales: ~$489,731.
Shares owned after the transactions: Not specified in the provided filing excerpt.
Notable footnotes from the filing:
- The conversions relate to RSUs (each RSU converts to one share at settlement) and follow a periodic vesting schedule (quarterly/1/16th milestones described in the filing).
- Some sales were to satisfy tax withholding obligations (sell-to-cover).
- Certain sales were effected as block trades at weighted-average prices or under a Rule 10b5-1 trading plan; price ranges for block trades are disclosed in the filing footnotes.
Filing status: Form 4 filed July 6, 2026. No late-filing flag was indicated in the information provided.

Context

These transactions primarily reflect RSU vesting and routine sell-to-cover tax withholding plus open-market/block sales; that is common when equity awards settle and does not, by itself, indicate a change in the executive’s view of the company.
For retail investors, purchases are typically more informative as a bullish signal; this filing documents a conversion/settlement event and subsequent sales to meet tax obligations and planned dispositions (including a 10b5-1 plan), not an outright market-timed sale for investment speculation.

Insider Transaction Report

Form 4

Period: 2026-07-01

PubMatic, Inc.PUBM

Pantelick Steven

CHIEF FINANCIAL OFFICER

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-07-01+45,665→ 88,368 total
Sale
Class A Common Stock
[F2][F3]
2026-07-02$13.65/sh−23,548$321,395→ 64,820 total
Sale
Class A Common Stock
[F4][F5]
2026-07-06$13.42/sh−12,548$168,336→ 52,272 total
Exercise/Conversion
Restricted Stock Unit
[F6][F7][F8]
2026-07-01−9,547→ 19,092 total
Exercise: $0.00→ Class A Common Stock (9,547 underlying)
Exercise/Conversion
Restricted Stock Unit
[F6][F9][F8]
2026-07-01−8,955→ 53,730 total
Exercise: $0.00→ Class A Common Stock (8,955 underlying)
Exercise/Conversion
Restricted Stock Unit
[F6][F10][F8]
2026-07-01−7,407→ 74,069 total
Exercise: $0.00→ Class A Common Stock (7,407 underlying)
Exercise/Conversion
Restricted Stock Unit
[F6][F11][F8]
2026-07-01−19,756→ 276,585 total
Exercise: $0.00→ Class A Common Stock (19,756 underlying)

Footnotes (11)

[F1]Includes 1,384 shares of Class A Common Stock acquired by the Reporting Person on May 29, 2026 pursuant to the Issuer's employee stock purchase plan.
[F10]The RSUs vested as to 1/16th of the total award on April 1, 2025, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
[F11]The RSUs vested as to 1/16th of the total award on April 1, 2026, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
[F2]The sales reported in this line item 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.
[F3]The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $13.50 to $13.89, 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 with regard to the block trades.
[F4]The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2025.
[F5]The price reported in this line item is a weighted average price. These shares were sold at prices ranging from $13.30 to $13.53, 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.
[F6]Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration.
[F7]The RSUs vested as to 1/16th of the total award on April 1, 2023, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
[F8]RSUs do not expire; they either vest or are canceled prior to the vesting date.
[F9]The RSUs vested as to 1/16th of the total award on April 1, 2024, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Signature

/s/ Andrew Woods, Attorney-in-Fact|2026-07-06

Documents

1 file

4
form4-07062026_100754.xmlPrimary