SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

 

(Amendment No. _____)*

 

 

PubMatic, Inc.

(Name of Issuer)

 

 

Class A Common Stock

(Title of Class of Securities)

 

 

74467Q103

(CUSIP Number)

 

 

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

x Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

(Continued on following pages)

 

Page 1 of 10 Pages
Exhibit Index Contained on Page 9

 

 

 

CUSIP NO. 74467Q10313 GPage 2 of 10

 

1 NAME OF REPORTING PERSON                     August Capital V Special Opportunities, L.P. (“August V SO”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)      ¨ (b)      x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH

 

 

 

5 SOLE VOTING POWER
7,173,750 shares*, except that ACM V, the general partner of August V SO, may be deemed to have sole power to vote these shares, and Howard Hartenbaum (“Hartenbaum”) and David M. Hornik (“Hornik”), the members of ACM V, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
7,173,750 shares*, except that ACM V, the general partner of August V SO, may be deemed to have sole power to dispose of these shares, and Hartenbaum and Hornik, the members of ACM V, may be deemed to have shared power to dispose of these shares.
8 SHARED DISPOSITIVE POWER
See response to row 7.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,173,750*
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 51.4%*

12 TYPE OF REPORTING PERSON

 

  PN

 

* Represents 7,173,750 shares of Class B Common Stock held directly by August V SO. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock. Pursuant to Rule 13d-3(d)(1)(i)(D), the percentage in Row 11 is calculated using the outstanding shares of Class A Common Stock only (assuming conversion of the 7,173,750 shares of Class B Common Stock held by August V SO). If the outstanding number of shares included both Class A Common Stock and Class B Common Stock, this percentage would be 14.6%.

 

 

CUSIP NO. 74467Q10313 GPage 3 of 10

 

1 NAME OF REPORTING PERSON                         August Capital Management V, L.L.C. (“ACM V”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)       ¨ (b)      x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH

 

 

 

5 SOLE VOTING POWER
7,173,750 shares*, of which all are directly owned by August V SO. ACM V, the general partner of August V SO, may be deemed to have sole power to vote these shares, and Hartenbaum and Hornik, the members of ACM V, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
7,173,750 shares*, of which all are directly owned by August V SO. ACM V, the general partner of August V SO, may be deemed to have sole power to dispose of these shares, and Hartenbaum and Hornik, the members of ACM V, may be deemed to have shared power to dispose of these shares.
8 SHARED DISPOSITIVE POWER
See response to row 7.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,173,750*
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  51.4%*

12 TYPE OF REPORTING PERSON

 

 OO

 

* Represents 7,173,750 shares of Class B Common Stock held directly by August V SO. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock. Pursuant to Rule 13d-3(d)(1)(i)(D), the percentage in Row 11 is calculated using the outstanding shares of Class A Common Stock only (assuming conversion of the 7,173,750 shares of Class B Common Stock held by August V SO). If the outstanding number of shares included both Class A Common Stock and Class B Common Stock, this percentage would be 14.6%.

 

 

CUSIP NO. 74467Q10313 GPage 4 of 10

 

1 NAME OF REPORTING PERSON                      Howard Hartenbaum (“Hartenbaum”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)       ¨ (b)     x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH

 

 

 

5 SOLE VOTING POWER
0 shares
6 SHARED VOTING POWER
7,173,750 shares*, of which all are directly owned by August V SO.  ACM V, the general partner of August V SO, may be deemed to have sole power to vote these shares, and Hartenbaum and Hornik, the members of ACM V, may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
0 shares
8 SHARED DISPOSITIVE POWER
7,173,750 shares*, of which all are directly owned by August V SO.  ACM V, the general partner of August V SO, may be deemed to have sole power to dispose of these shares, and Hartenbaum and Hornik, the members of ACM V, may be deemed to have shared power to dispose of these shares.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,173,750*
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 51.4%*

12 TYPE OF REPORTING PERSON

 

 IN

 

* Represents 7,173,750 shares of Class B Common Stock held directly by August V SO. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock. Pursuant to Rule 13d-3(d)(1)(i)(D), the percentage in Row 11 is calculated using the outstanding shares of Class A Common Stock only (assuming conversion of the 7,173,750 shares of Class B Common Stock held by August V SO). If the outstanding number of shares included both Class A Common Stock and Class B Common Stock, this percentage would be 14.6%.

 

 

CUSIP NO. 74467Q10313 GPage 5 of 10

 

 

1 NAME OF REPORTING PERSON                   David M. Hornik (“Hornik”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)       ¨ (b)     x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH

 

 

 

5 SOLE VOTING POWER
0 shares
6 SHARED VOTING POWER
7,173,750 shares*, of which all are directly owned by August V SO.  ACM V, the general partner of August V SO, may be deemed to have sole power to vote these shares, and Hartenbaum and Hornik, the members of ACM V, may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
0 shares
8 SHARED DISPOSITIVE POWER
7,173,750 shares*, of which all are directly owned by August V SO.  ACM V, the general partner of August V SO, may be deemed to have sole power to dispose of these shares, and Hartenbaum and Hornik, the members of ACM V, may be deemed to have shared power to dispose of these shares.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,173,750*
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 51.4%*

12 TYPE OF REPORTING PERSON

 

 IN

 

* Represents 7,173,750 shares of Class B Common Stock held directly by August V SO. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock. Pursuant to Rule 13d-3(d)(1)(i)(D), the percentage in Row 11 is calculated using the outstanding shares of Class A Common Stock only (assuming conversion of the 7,173,750 shares of Class B Common Stock held by August V SO). If the outstanding number of shares included both Class A Common Stock and Class B Common Stock, this percentage would be 14.6%.

 

 

CUSIP NO. 74467Q10313 GPage 6 of 10

 

ITEM 1(A).NAME OF ISSUER

 

PubMatic, Inc.

 

ITEM 1(B).ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

 

3 Lagoon Drive, Suite 180

Redwood City, CA 94065

 

ITEM 2(A).

NAME OF PERSONS FILING
 

This Statement is filed by August Capital V Special Opportunities, L.P. (“August V SO”), August Capital Management V, L.L.C., a Delaware limited liability company (“ACM V”), and Howard Hartenbaum (“Hartenbaum”) and David M. Hornik (“Hornik”). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

 

ACM V, the general partner of August V SO, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by August V SO.

 

Hartenbaum and Hornik are members of ACM V and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by August V SO.

 

ITEM 2(B).ADDRESS OF PRINCIPAL BUSINESS OFFICE

 

The address for each reporting person is:

 

August Capital

PMB #456

600 4th Street

San Francisco, California 94107

 

ITEM 2(C).CITIZENSHIP

 

August V SO is a Delaware limited partnership. ACM V is a Delaware limited liability company. Hartenbaum and Hornik are United States Citizens.

 

ITEM 2(D) and (E).TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER

 

Class A Common Stock

CUSIP # 74467Q103

 

ITEM 3.Not Applicable.

 

 

CUSIP NO. 74467Q10313 GPage 7 of 10

 

ITEM 4.OWNERSHIP

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

The following information with respect to the ownership of the Class A Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2020 (based on 6,787,500 shares of Class A Common Stock and 42,200,642 shares of Class B Common Stock of the issuer outstanding).

 

(a)Amount beneficially owned:

See Row 9 of cover page for each Reporting Person.

 

(b)Percent of Class:

See Row 11 of cover page for each Reporting Person.

 

(c)Number of shares as to which such person has:

 

(i)Sole power to vote or to direct the vote:

See Row 5 of cover page for each Reporting Person.

 

(ii)Shared power to vote or to direct the vote:

 

See Row 6 of cover page for each Reporting Person.

 

(iii)Sole power to dispose or to direct the disposition of:

 

See Row 7 of cover page for each Reporting Person.

 

(iv)Shared power to dispose or to direct the disposition of:

See Row 8 of cover page for each Reporting Person.

 

ITEM 5.OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

 

Not applicable.

 

ITEM 6.OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 

Under certain circumstances set forth in the limited partnership agreement of August V SO, and the limited liability company agreement of ACM V, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or member, as the case may be. 

 

ITEM 7.IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

 

Not applicable.

 

ITEM 8.IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

Not applicable.

 

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

 

Not applicable.

 

ITEM 10.CERTIFICATION

 

Not applicable.

 

 

CUSIP NO. 74467Q10313 GPage 8 of 10

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 16, 2021

 

  AUGUST CAPITAL V SPECIAL OPPORTUNITIES, L.P., a Delaware Limited Partnership
   
  AUGUST CAPITAL MANAGEMENT V, L.L.C., a Delaware Limited Liability Company
   
  By: /s/ Abigail Hipps
    Abigail Hipps
    Attorney-in-Fact*
   
   
  HOWARD HARTENBAUM
  DAVID M. HORNIK
   
  By: /s/ Abigail Hipps
    Abigail Hipps
    Attorney-in-Fact*

 

*Signed pursuant to a Power of Attorney already on file with the appropriate agencies.

 

 

CUSIP NO. 74467Q10313 GPage 9 of 10

 

EXHIBIT INDEX

 

  Found on
Sequentially
Exhibit Numbered Page
   
Exhibit A:  Agreement of Joint Filing 10

 

 

CUSIP NO. 74467Q10313 GPage 10 of 10

 

exhibit A

 

Agreement of Joint Filing

 

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Class A Common Stock of PubMatic, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.

 

Date: February 16, 2021

 

  AUGUST CAPITAL V SPECIAL OPPORTUNITIES, L.P., a Delaware Limited Partnership
   
  AUGUST CAPITAL MANAGEMENT V, L.L.C., a Delaware Limited Liability Company
   
  By: /s/ Abigail Hipps
    Abigail Hipps
    Attorney-in-Fact*
   
   
  HOWARD HARTENBAUM
  DAVID M. HORNIK
   
  By: /s/ Abigail Hipps
    Abigail Hipps
    Attorney-in-Fact*

 

*Signed pursuant to a Power of Attorney already on file with the appropriate agencies.