Daimler Susan 4

What Happened
Susan Daimler, a director of PubMatic, was granted 15,811 restricted stock units (RSUs) on May 30, 2025. The grant is reported as an award/derivative acquisition at $0.00 (no cash paid). These RSUs represent a contingent right to receive one share of PubMatic Class A common stock per RSU upon settlement.

Key Details

• Transaction date: May 30, 2025; grant price reported as $0.00 — total upfront cash value $0.
• Award: 15,811 RSUs (each converts to one share upon settlement).
• Vesting/settlement terms (per filing): RSUs vest in full on the earliest of (a) the first anniversary of the grant date, (b) immediately prior to the company's 2026 annual meeting, (c) the reporting person's death or disability, or (d) a change in control.
• Reporting person elected to defer settlement until the earliest of (i) death or disability, (ii) change in control, or (iii) separation of service — meaning shares may not be delivered until a triggering event.
• RSUs do not expire; they either vest or are cancelled prior to vesting.
• Shares owned after the transaction are not specified in the provided excerpt.
• Filing note: Form 4 was filed April 14, 2026 for a May 30, 2025 grant — this appears late relative to the standard short Form 4 reporting window.

Context
RSUs are a common form of director/executive compensation and are not an immediate cash purchase or sale — they are a deferred equity award that may convert to shares later. Because Daimler elected to defer settlement, these units may remain outstanding until a later triggering event (vest date, separation, change in control, or death/disability). This award is informational about compensation; it does not by itself indicate an immediate buy or sell signal.