PubMatic, Inc. — Director's Dealing 2025

Jun 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PubMatic, Inc. (PUBM)
CIK: 0001422930
Period of Report: 2025-06-03

Reporting Person: Pantelick Steven (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-03	Class A Common Stock	C	4000	—	Acquired	31026	Direct
2025-06-03	Class A Common Stock	S	4000	$12.0657	Disposed	27026	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-03	Class B Common Stock	$	C	4000	Disposed		Class A Common Stock (4000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (73464)	73464	Indirect
Class B Common Stock	$		Class A Common Stock (41536)	41536	Indirect
Class B Common Stock	$		Class A Common Stock (115000)	115000	Indirect

Footnotes

F1: Each share of Class B common stock held by the Issuer's executive officers, directors and their respective affiliates will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers.

F2: The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 9, 2024.

F3: The price reported in this line item is a weighted average price. These shares were sold at prices ranging from $11.83 to $12.19, 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.

F4: The Reporting Person and his children are beneficiaries of PSLT DE LLC.

F5: The Reporting Person's spouse and his children are beneficiaries of SMP DE LLC.