PubMatic growth chief sells shares to cover taxes
PubMatic, Inc. chief growth officer Paulina Klimenko reported a combination of RSU vesting and related share sales.
Rhea-AI Filing Summary
PubMatic, Inc. chief growth officer Paulina Klimenko reported a combination of RSU vesting and related share sales. On April 1, 2026, several restricted stock unit awards vested and were settled, converting into a total of 33,531 Class A Common shares at no cash cost.
On April 2, 2026, she sold 12,091 Class A shares at a weighted average price of about $8.17 per share. Footnotes state these sales were executed under a “sell to cover” arrangement solely to satisfy tax withholding obligations tied to the RSU vesting. After these transactions, Klimenko directly owned 73,220 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Klimenko Paulina
Role
CHIEF GROWTH OFFICER
Sold
12,091 shs ($99K)
Approx. gross sale proceeds
$99K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,091 | $8.1733 | $99K |
| Exercise | Restricted Stock Unit | 6,583 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 6,484 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 5,364 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 15,100 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 33,531 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 350,638 contracts (Direct);
Class A Common Stock — 73,220 shares (Direct)
Footnotes (8)
- F1. The sales reported on this Form 4 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.
- F2. 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 $7.98 to $8.27, 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.
- F3. 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.
- F4. 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.
- F5. RSUs do not expire; they either vest or are canceled prior to the vesting date.
- F6. 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.
- F7. 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.
- F8. 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.
Key Figures
Shares sold: 12,091 shares
Sale price: $8.1733 per share
Post-transaction holdings: 73,220 shares
+2 more
5 metrics
Shares sold
12,091 shares
Class A Common Stock sold on April 2, 2026
Sale price
$8.1733 per share
Weighted average sale price for 12,091 shares
Post-transaction holdings
73,220 shares
Class A Common Stock held directly after transactions
RSU settlement into shares
33,531 shares
Class A Common Stock from RSU vesting on April 1, 2026
Sale price range
$7.98–$8.27 per share
Price range for block trades noted in footnote
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, Class A Common Stock, +1 more
5 terms
Restricted Stock Unit financial
"The RSUs vested as to 1/16th of the total award on April 1, 2023"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in this line item is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"Each RSU represents a right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting"
FAQ
What insider transactions did PubMatic (PUBM) report for Paulina Klimenko?
PubMatic reported that chief growth officer Paulina Klimenko had multiple RSU awards vest into 33,531 Class A shares on April 1, 2026. She then sold 12,091 shares on April 2, 2026 in a transaction structured to cover tax withholding obligations from that vesting.
How do Paulina Klimenko’s PubMatic (PUBM) RSUs vest over time?
The filing explains that each RSU award vests in 16 equal quarterly installments. For the reported grants, one‑sixteenth vested on April 1 of 2023, 2024, 2025, or 2026, respectively, with additional one‑sixteenth portions vesting quarterly thereafter, subject to her continued service with PubMatic.
AI-generated analysis. How Rhea-AI works. Not financial advice.
