Rajeev Goel plans $839K PubMatic stock sale

Rhea-AI Filing Summary

PubMatic, Inc. (PUBM) received a notice under Rule 144 that reporting person Rajeev Goel plans to sell up to 49,980 shares of PubMatic common stock on or after 08/20/2026 through broker Morgan Stanley Smith Barney LLC on NASDAQ, with an estimated value of $838,664.40. The planned sales include shares issuable from the exercise of stock options (21,871 shares), restricted stock units (15,609 shares), and previously exercised options (12,500 shares). The notice also lists multiple prior sales in the past three months, including 211,302 shares sold for $3,749,434.58 on 08/07/2026 under a Rule 10b5-1 trading plan.

Key Figures

Shares planned for sale: 49,980 shares Estimated market value of planned sale: $838,664.40 Shares from exercise of stock options: 21,871 shares +4 more

7 metrics

Shares planned for sale 49,980 shares Common stock reported for sale under Rule 144 through broker on NASDAQ

Estimated market value of planned sale $838,664.40 Aggregate value associated with 49,980 shares in the Form 144 notice

Shares from exercise of stock options 21,871 shares Shares to be sold, originating from options exercised dated 08/20/2026

Shares from restricted stock units 15,609 shares Shares to be sold, originating from RSUs dated 07/01/2026

Shares from previously exercised options 12,500 shares Shares to be sold, originating from options exercised on 11/09/2020

Largest single recent sale 211,302 shares 10b5-1 sale on 08/07/2026 for $3,749,434.58

Value of largest recent sale $3,749,434.58 Proceeds from 211,302-share 10b5-1 sale on 08/07/2026

Key Terms

Rule 144, Form 144, 10b5-1, Restricted Stock Units, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) 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.

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

10b5-1 regulatory

"10b5-1 Sales for RAJEEV KUMAR GOEL"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Restricted Stock Units financial

"Common | 07/01/2026 | Restricted Stock Units | Issuer"

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.

Exercise of Stock Options financial

"Common | 08/20/2026 | Exercise of Stock Options | Issuer"

FAQ

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

What does the Form 144 filing disclose for PubMatic, Inc. (PUBM)?

It discloses that reporting person Rajeev Goel intends to sell up to 49,980 shares of PubMatic common stock under Rule 144 on or after 08/20/2026, with an estimated value of $838,664.40, through Morgan Stanley Smith Barney LLC on NASDAQ.

How many PUBM shares are tied to options and RSUs in this Form 144?

The notice shows 21,871 shares from an exercise of stock options dated 08/20/2026, 15,609 shares from restricted stock units dated 07/01/2026, and 12,500 shares from previously exercised options dated 11/09/2020.

What prior PUBM share sales by Rajeev Goel are listed in the past three months?

The filing lists multiple prior sales, including 211,302 shares sold for $3,749,434.58 on 08/07/2026, and additional tranches such as 28,109 shares for $347,014.04 and 21,871 shares for $247,039.51, among others.

Are Rajeev Goel’s recent PUBM sales under a 10b5-1 trading plan?

Several entries are labeled “10b5-1 Sales for RAJEEV KUMAR GOEL”, including the 211,302-share sale on 08/07/2026 and multiple July and June 2026 transactions, indicating they were executed under a Rule 10b5-1 trading plan.

Which broker is involved in the planned PUBM Form 144 sale?

The planned sale of 49,980 shares of PubMatic common stock is associated with Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, as the broker handling the transaction on NASDAQ.

When is the planned PUBM Rule 144 sale expected to occur?

The notice identifies 08/20/2026 as the date related to the planned sale of 49,980 shares of PubMatic common stock and also as the date tied to the exercise of stock options for 21,871 shares supporting that sale.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/20/2026 - 04:38 PM EDT Accepted by SEC EDGAR 08/20/2026 - 04:37 PM EDT 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	49980	838664.40	37303647	08/20/2026	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	08/20/2026	Exercise of Stock Options	Issuer			21871	08/20/2026	Cash
Common	07/01/2026	Restricted Stock Units	Issuer			15609	07/01/2026	N/A
Common	11/09/2020	Previously Exercised Options	Issuer			12500	11/09/2020	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	08/07/2026	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
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	06/18/2026	21206	239528.13
10b5-1 Sales for RAJEEV KUMAR GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	06/18/2026	21871	247039.51
RAJEEV GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	06/08/2026	44000	498656.40
RAJEEV GOEL 601 MARSHALL STREET Redwood City CA 94063	Common	05/26/2026	44000	458207.20

144: Remarks and Signature

Remarks
Date of Notice	08/20/2026
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)