Glaser Shelagh 4
4 · PubMatic, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
PubMatic (PUBM) Director Shelagh Glaser Receives RSUs, Exercises Derivative
What Happened
- Shelagh Glaser, a director of PubMatic, received a grant of 15,839 restricted stock units (RSUs) on 2026-05-29 (reported at $0.00) and on 2026-05-31 had 13,437 derivative shares recorded as acquired via exercise/conversion (price $0.00).
- On 2026-05-31 the report also shows two disposals (9,971 and 3,466 shares) that together equal 13,437 shares disposed (both at $0.00). The acquisition and equal disposals on 5/31 result in no net increase from that conversion on paper.
- These transactions are awards/conversions of RSUs and derivative conversions (transaction codes A and M). $0.00 prices reflect RSU grants/settlements rather than cash purchases.
Key Details
- Transaction dates and prices: RSU grant 15,839 shares on 2026-05-29 (@ $0.00); conversion/exercise 13,437 shares on 2026-05-31 (@ $0.00); disposals of 9,971 and 3,466 shares on 2026-05-31 (@ $0.00).
- Shares owned after transaction: Not specified in the excerpt provided (report does not state post-transaction beneficial ownership here).
- Footnotes: F1 confirms each RSU represents a contingent right to one share. Other footnotes (F2–F5) describe vesting schedules and deferral elections for RSUs (including vesting triggers like anniversaries, annual meetings, death/disability, change in control, and elected deferral/settlement timing).
- Filing: Report filed 2026-06-02 (no late-filing flag provided in the data supplied).
Context
- These are derivative/RSU transactions, not open-market cash purchases. RSUs are awards that convert to shares upon settlement; a $0.00 price is typical for grants/vested RSUs.
- The fact that 13,437 shares were acquired and an equal number disposed on the same date commonly reflects net settlement or surrender of shares (often to satisfy taxes or fees) rather than a market sale — the equal amounts make the conversion effectively net-neutral on that date.
- For retail investors: awards and exercises by non-employee directors are routine compensation actions. Purchases (which may signal personal bullishness) are generally more informative than routine grant vesting or withholding-related disposals.
Insider Transaction Report
Form 4
PubMatic, Inc.PUBM
Glaser Shelagh
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2026-05-31+13,437→ 21,502 total - Award
Restricted Stock Units
[F1][F2][F3]2026-05-29+15,839→ 15,839 total→ Class A Common Stock (15,839 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4][F3]2026-05-31−9,971→ 0 total→ Class A Common Stock (9,971 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5][F3]2026-05-31−3,466→ 0 total→ Class A Common Stock (3,466 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- [F2]The RSUs vest in full on the earliest to occur of (a) the first anniversary of the grant date, (b) immediately prior to the Company's annual meeting of stockholders in 2027, (c) the Reporting Person's death or disability, and (d) a change in control of the Issuer. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person upon settlement of the RSUs.
- [F3]RSUs do not expire; they either vest or are cancelled prior to vesting date.
- [F4]The RSUs vest in full on the earliest to occur of (a) the first anniversary of the grant date, (b) immediately prior to the Company's annual meeting of stockholders in 2024, (c) the Reporting Person's death or disability, and (d) a change in control of the Issuer. The Reporting Person has elected to defer settlement of the RSUs until the earliest to occur of (i) the third anniversary of the grant date, (ii) the Reporting Person's death or disability, (iii) a change in control of the Issuer, and (iv) the Reporting Person's separation of service from the Issuer. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person upon settlement of the RSUs.
- [F5]Represents RSUs payable in lieu of annual cash fees for Board of Directors and committee service pursuant to the Reporting Person's election under the Issuer's non-employee director compensation policy. The RSUs vested in full on December 31, 2023. The Reporting Person elected to defer settlement of the RSUs until the earliest to occur of (a) the third anniversary of the Grant Date, (b) the Reporting Person's separation from service from the Issuer, and (c) a change in control of the Issuer. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person upon settlement of the RSUs.
Signature
/s/ Andrew Woods, Attorney-in-Fact|2026-06-02