Gimbel Lisa 4
4 · PubMatic, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
PubMatic (PUBM) CAO Lisa Gimbel Sells 1,277 Shares
What Happened
- Lisa Gimbel, Chief Accounting Officer of PubMatic (NASDAQ: PUBM), converted/settled derivatives (RSU-related) on Feb 15, 2026 for a total of 2,969 shares (1,395 + 773 + 801) at $0.00 per share, and on Feb 17, 2026 sold 1,277 of those shares in an open-market/block transaction at a weighted average price of $6.29, raising approximately $8,027. The Form 4 also shows a grant/award of 12,714 derivative RSUs (acquired at $0.00) on Feb 17, 2026.
Key Details
- Transaction dates/prices: Conversions on 2026-02-15 (shares recorded at $0.00); sale on 2026-02-17 at a weighted avg $6.29 (range $6.16–$6.54 per footnote).
- Shares sold/amount: 1,277 shares sold for ~$8,027.
- Shares acquired: 2,969 shares from conversion/exercise on Feb 15; 12,714 RSU award recorded on Feb 17.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: F2 indicates the Feb 17 sale was a "sell to cover" to satisfy tax withholding on RSU vesting; F3 notes the $6.29 price is a weighted average for a block trade and the filer can provide a detailed breakdown on request; F1 notes 591 shares from the issuer ESPP were previously acquired.
- Filing: Form filed 2026-02-18 reporting transactions on Feb 15 and Feb 17 (filing date shown as Feb 18, 2026).
Context
- These were primarily derivative/RSU-related transactions. The conversion/exercise lines reflect settlement of RSUs or similar derivative awards (reported at $0.00 per share), and the subsequent sale was a sell-to-cover transaction to meet tax withholding—common and not necessarily a market-timing signal. The weighted average sale price reflects a block trade with prices between $6.16 and $6.54.
Insider Transaction Report
Form 4
PubMatic, Inc.PUBM
Gimbel Lisa
CHIEF ACCOUNTING OFFICER
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+1,395→ 12,478 total - Exercise/Conversion
Class A Common Stock
2026-02-15+773→ 13,251 total - Exercise/Conversion
Class A Common Stock
2026-02-15+801→ 14,052 total - Sale
Class A Common Stock
[F2][F3]2026-02-17$6.29/sh−1,277$8,027→ 12,775 total - Exercise/Conversion
Restricted Stock Units
[F4][F5][F6]2026-02-15−1,395→ 8,370 total→ Class A Common Stock (1,395 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F7][F6]2026-02-15−773→ 6,181 total→ Class A Common Stock (773 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8][F6]2026-02-15−801→ 9,616 total→ Class A Common Stock (801 underlying) - Award
Restricted Stock Units
[F4][F9][F6]2026-02-17+12,714→ 12,714 total→ Class A Common Stock (12,714 underlying)
Footnotes (9)
- [F1]Includes 591 shares of Class A Common Stock acquired by the Reporting Person on November 28, 2025 pursuant to the Issuer's employee stock purchase plan.
- [F2]The sales reported on this line 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 Column 4 is a weighted average price. These shares were sold as part of a block trade for multiple security holders of the Issuer at prices ranging from $6.16 to $6.54, 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 trade.
- [F4]Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of vesting for no consideration.
- [F5]The RSUs vest as to 1/4 of the total shares on August 15, 2024, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F6]RSUs do not expire; they either vest or are canceled prior to the vesting date.
- [F7]The RSUs vest as to 1/16 of the total shares quarterly beginning on May 15, 2024, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F8]The RSUs vest as to 1/16 of the total shares quarterly beginning on May 15, 2025, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F9]The RSUs vest as to 1/16 of the total shares quarterly beginning on April 1, 2026, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Signature
/s/ Andrew Woods, Attorney-in-Fact|2026-02-18