Gimbel Lisa 4

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.