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PubMatic (PUBM) director exercises 9,971 RSUs and receives 15,839-unit grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PubMatic director Yakov (Jacob) Shulman reported equity compensation activity. On May 31, 2026, he exercised 9,971 Restricted Stock Units into 9,971 shares of Class A Common Stock at a stated price of $0.00 per share, bringing his direct holdings to 18,036 shares.

On May 29, 2026, he also received a new grant of 15,839 RSUs, each representing one future share of Class A Common Stock. The footnotes explain these RSUs vest on the earliest of several events, including the first anniversary of grant, specified future stockholder meetings, death or disability, or a change in control, with settlement deferred until certain later events such as the third anniversary, death or disability, change in control, or separation of service.

Positive

  • None.

Negative

  • None.
Insider Shulman Yakov (Jacob)
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 9,971 $0.00 --
Exercise Class A Common Stock 9,971 $0.00 --
Grant/Award Restricted Stock Units 15,839 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 18,036 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 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. 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. RSUs do not expire; they either vest or are cancelled prior to vesting date. 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.
RSUs exercised into shares 9,971 shares Class A Common Stock acquired on May 31, 2026 via RSU exercise
Post-transaction share holdings 18,036 shares Class A Common Stock directly held after May 31, 2026 exercise
New RSU grant size 15,839 RSUs Restricted Stock Units granted on May 29, 2026
Exercise price per RSU $0.00 per unit Stated price for RSU conversion into Class A Common Stock
RSUs following exercise 0 RSUs Previously exercised 9,971 RSUs show zero remaining in that lot
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"The RSUs vest in full on the earliest to occur of ... a change in control of the Issuer."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation of service from the Issuer financial
"settlement of the RSUs until the earliest to occur of ... the Reporting Person's separation of service from the Issuer."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shulman Yakov (Jacob)
(Last)(First)(Middle)
C/O PUBMATIC, INC.
601 MARSHALL STREET
(Street)
REDWOOD CITY CALIFORNIA 94063
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PubMatic, Inc. [ PUBM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock05/31/2026M9,971A$018,036D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/29/2026A15,839 (2) (3)Class A Common Stock15,839$015,839D
Restricted Stock Units(1)05/31/2026M9,971 (4) (3)Class A Common Stock9,971$00D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
2. 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. 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.
3. RSUs do not expire; they either vest or are cancelled prior to vesting date.
4. 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.
/s/ Andrew Woods, Attorney-in-Fact06/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PubMatic (PUBM) director Yakov Shulman report?

Director Yakov (Jacob) Shulman reported equity compensation activity, including exercising 9,971 Restricted Stock Units into 9,971 shares of Class A Common Stock and receiving a new grant of 15,839 RSUs, all at a stated price of $0.00 per unit.

How many PubMatic (PUBM) shares does Yakov Shulman hold after these transactions?

After exercising 9,971 Restricted Stock Units, Yakov (Jacob) Shulman holds 18,036 shares of PubMatic Class A Common Stock directly. This figure reflects his position following the reported Form 4 transactions and excludes any unvested or unsettled RSUs that remain outstanding.

What Restricted Stock Unit grant did PubMatic (PUBM) director Yakov Shulman receive?

Yakov (Jacob) Shulman received a grant of 15,839 Restricted Stock Units, each representing one future share of PubMatic Class A Common Stock. The RSUs were granted at a stated price of $0.00 per unit and are subject to vesting and settlement conditions.

How do Yakov Shulman’s PubMatic (PUBM) RSUs vest and settle?

The RSUs vest in full on the earliest of several events, including the first anniversary of grant, specified annual stockholder meetings, death or disability, or a change in control. Settlement is deferred until certain later events such as the third anniversary, death or disability, change in control, or separation of service.

Did PubMatic (PUBM) director Yakov Shulman conduct any open-market stock sales or purchases?

The reported Form 4 shows no open-market purchases or sales. Activity consists of an equity award of 15,839 RSUs and the exercise of 9,971 RSUs into 9,971 shares of Class A Common Stock at a stated price of $0.00 per share.