PubMatic, Inc. — Director's Dealing 2021

May 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PubMatic, Inc. (PUBM)
CIK: 0001422930
Period of Report: 2021-05-17

Reporting Person: DRAPER ASSOCIATES L P (10% Owner)
Reporting Person: Draper Fisher Jurvetson Fund VIII L P (10% Owner)
Reporting Person: DRAPER FISHER JURVETSON PARTNERS VIII LLC (10% Owner)
Reporting Person: Draper Associates Riskmasters Fund II, LLC (10% Owner)
Reporting Person: Draper Associates Riskmasters Fund III, LLC (10% Owner)
Reporting Person: DRAPER TIMOTHY C (10% Owner)
Reporting Person: Fisher John H N (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-18	Class A Common Stock	C	283434	$0.00	Acquired	283434	Indirect
2021-05-17	Class A Common Stock	C	3290530	$0.00	Acquired	3290530	Indirect
2021-05-17	Class A Common Stock	C	73123	$0.00	Acquired	73123	Indirect
2021-05-18	Class A Common Stock	C	4909	$0.00	Acquired	4909	Indirect
2021-05-18	Class A Common Stock	C	4148	$0.00	Acquired	4148	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-18	Class B Common Stock	$	C	283434	Disposed		Class A Common Stock (283434)	Indirect
2021-05-17	Class B Common Stock	$	C	3290530	Disposed		Class A Common Stock (3290530)	Indirect
2021-05-17	Class B Common Stock	$	C	73123	Disposed		Class A Common Stock (73123)	Indirect
2021-05-18	Class B Common Stock	$	C	4909	Disposed		Class A Common Stock (4909)	Indirect
2021-05-18	Class B Common Stock	$	C	4148	Disposed		Class A Common Stock (4148)	Indirect

Footnotes

F1: These shares are held of record by Draper Associates, L.P. ("DALP"). DALP invests lockstep alongside Draper Fisher Jurvetson Fund VIII, L.P ("Fund VIII"). The General Partner of DALP is Draper Management Company, LLC ("DMC"). The Managing Member of DMC is Timothy C. Draper. Mr. Draper may be deemed to have voting and investment power over the securities held by DALP. Mr. Draper disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F2: These shares are held of record by Fund VIII. Timothy C. Draper and John H.N. Fisher are Managing Directors of the general partner entities of Fund VIII (Draper Fisher Jurvetson Fund VIII Partners, L.P. and DFJ VIII, Ltd) and as such, they may be deemed to have voting and investment power with respect to such shares. Mr. Draper and Mr. Fisher (and the general partners of Fund VIII) each disclaims beneficial ownership over such securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F3: These shares are held of record by Draper Fisher Jurvetson Partners VIII, LLC ("Fund VIII LLC") which is a side-by-side fund of Fund VIII. Fund VIII LLC invests lockstep alongside Fund VIII. The Managing Members of Fund VIII LLC are Timothy C. Draper and John H.N. Fisher and as such, they may be deemed to have voting and investment power with respect to such shares. Mr. Draper and Mr. Fisher each disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F4: Each outstanding share of Class B Common Stock converted at the option of the Reporting Person into one share of Class A Common Stock.

F5: These shares are held of record by Draper Associates Riskmasters Fund II, LLC ("DARF II"). DARF II invests lockstep alongside Fund VIII. The Managing Member of DARF II is Timothy C. Draper. Mr. Draper may be deemed to have voting and investment power over the securities held by DARF II. Mr. Draper disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F6: These shares are held of record by Draper Associates Riskmasters Fund III, LLC ("DARF III"). DARF III invests lockstep alongside Fund VIII. The Managing Member of DARF III is Timothy C. Draper. Mr. Draper may be deemed to have voting and investment power over the securities held by DARF III. Mr. Draper disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.