PubMatic's Rajeev Goel proposes $881K share sale

Stock-option exercises and restricted stock units account for the proposed shares, while the recent-sales table also labels multiple transactions as 10b5-1 sales.

Rhea-AI Filing Summary

PubMatic, Inc. (PUBM) common shares are listed for proposed sale by Rajeev Goel: 50,453 shares with an aggregate market value of $880,657.12. The listed shares comprise 21,870 from an exercise of stock options, 12,500 from previously exercised stock options, and 16,083 restricted stock units. The past-three-month sales table also labels several transactions as 10b5-1 sales.

Key Figures

Shares proposed for sale: 50,453 common shares Aggregate market value: $880,657.12 Stock-option exercise shares: 21,870 shares +2 more

5 metrics

Shares proposed for sale 50,453 common shares Rajeev Goel

Aggregate market value $880,657.12 Shares listed for proposed sale

Stock-option exercise shares 21,870 shares Listed as an exercise of stock options

Previously exercised stock options 12,500 shares Listed among securities to be sold

Restricted stock units 16,083 shares Listed among securities to be sold

Key Terms

10b5-1 Sales, Exercise of Stock Options, Previously Exercised Stock Options, Restricted Stock Units, +1 more

5 terms

10b5-1 Sales financial

"10b5-1 Sales for RAJEEV KUMAR GOEL"

10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

Exercise of Stock Options financial

"Exercise of Stock Options"

Previously Exercised Stock Options financial

"Previously Exercised Stock Options"

Restricted Stock Units financial

"Restricted Stock Units"

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.

Rule 144 regulatory

"sales required by paragraph (e) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PUBM shares does Rajeev Goel propose to sell?

Rajeev Goel's notice lists a proposed sale of 50,453 PubMatic common shares, with an aggregate market value of $880,657.12. The listed shares comprise 21,870 shares from an option exercise, 12,500 from previously exercised options, and 16,083 restricted stock units.

What recent PUBM sales did Rajeev Goel report?

The past-three-month sales table lists transactions dated August 20, August 7, July 23, July 16, July 15, July 2, and July 1, 2026, with several labeled as 10b5-1 sales. A July 2 entry for Rajeev Goel is shown separately without that label.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/24/2026 - 04:42 PM Accepted by SEC EDGAR 09/24/2026 - 04:42 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001833511
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PUBMATIC, INC.
SEC File Number	001-39748
Address of Issuer	601 MARSHALL STREET Redwood City CALIFORNIA 94063
Phone	6503313485
Name of Person for Whose Account the Securities are To Be Sold	RAJEEV GOEL
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	Officer
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	50453	880657.12	37303647	09/24/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/24/2026	Exercise of Stock Options	Issuer			21870	09/24/2026	Cash
Common	11/09/2020	Previously Exercised Stock Options	Issuer			12500	11/09/2020	Cash
Common	07/01/2026	Restricted Stock Units	Issuer			16083	07/01/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	08/20/2026	28109	463568.01
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	08/20/2026	21871	360692.16
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	08/07/2026	211302	3749434.58
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	07/23/2026	28109	347014.04
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	07/23/2026	21870	269991.71
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	07/16/2026	8962	124955.37
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	07/15/2026	4060	56447.80
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	07/02/2026	8500	118150.00
RAJEEV GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	07/02/2026	50354	687256.57
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	07/01/2026	17176	238990.30

144: Remarks and Signature

Remarks
Date of Notice	09/24/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/05/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Rajeev Goel
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)