PubMatic (PUBM) CEO Goel sells 44K shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. chief executive Rajeev K. Goel reported a series of option exercises, share conversions and a modest share sale. On April 13, 2026, he exercised options to acquire 17,466 shares of Class B Common Stock at an exercise price of $1.11 per share, increasing his option-derived holdings while the underlying options are fully vested and expire on July 7, 2026.
He then converted 17,466 shares of Class B Common Stock into an equal number of Class A Common Stock and, through The Goel Family Trust, sold 44,000 Class A shares at a weighted-average price of $8.6478 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, a footnote states that Goel holds a total of 2,362,194 shares of PubMatic Class A and Class B stock across direct and indirect holdings, so the reported sale represents only a small portion of his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 44,000 shares ($380,503)
Net Sell
11 txns
Insider
Goel Rajeev K.
Role
CHIEF EXECUTIVE OFFICER
Sold
44,000 shs ($381K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) | 17,466 | $0.00 | -- |
| Exercise | Class B Common Stock | 17,466 | $1.11 | $19K |
| Conversion | Class B Common Stock | 17,466 | $0.00 | -- |
| Conversion | Class A Common Stock | 17,466 | $0.00 | -- |
| Sale | Class A Common Stock | 44,000 | $8.6478 | $381K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to buy Class B Common Stock) — 95,996 shares (Direct);
Class B Common Stock — 228,450 shares (Direct);
Class A Common Stock — 65,206 shares (Direct);
Class B Common Stock — 581,260 shares (Indirect, See footnote)
Footnotes (1)
- 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. Following the sales reported in this line item, Mr. Goel holds 2,362,194 shares of Class A Common Stock and Class B Common Stock, which figure does not reflect vested but unexercised options, unvested options, or unvested restricted stock units, each as of the date of filing. The option award under which these shares were exercised expires on July 7, 2026. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 2, 2025. These securities were transferred by the Reporting Person to The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries, and were sold by the Goel Family Trust as reported herein. Represents the weighted average sale price. The lowest price at which shares were sold was $8.38 and the highest price at which shares were sold was $8.785. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. The options are fully vested. These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act. These securities are held by The Goel Heritage Trust, of which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. These securities are held by The Goel Family Gift Trust, of which family members and certain other individuals are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. These securities are held by a trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. These securities are held by The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries.
Key Figures
Shares sold: 44,000 shares Class A
Sale price: $8.6478 per share
Options exercised: 17,466 shares
+5 more
8 metrics
Shares sold
44,000 shares Class A
Open-market sale at weighted-average price on April 13, 2026
Sale price
$8.6478 per share
Weighted-average price for 44,000 Class A shares sold
Options exercised
17,466 shares
Stock option exercise for Class B Common Stock
Option exercise price
$1.11 per share
Strike price for exercised stock options
Total holdings post-transaction
2,362,194 shares
Combined Class A and B shares held after reported sales
Direct Class A holdings
21,206 shares
Class A Common Stock held directly after the 44,000-share sale
Options remaining
95,996 options
Stock options on Class B Common Stock following the exercise
Option expiration
July 7, 2026
Expiration date of the option award used in this exercise
Key Terms
Rule 10b5-1 trading plan, Class A Common Stock, Class B Common Stock, stock option, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 2, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class A Common Stock financial
"Following the sales reported in this line item, Mr. Goel holds 2,362,194 shares of Class A Common Stock and Class B Common Stock..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"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..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
stock option financial
"Stock Option (Right to buy Class B Common Stock)"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
California Uniform Transfers to Minors Act financial
"These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act."
FAQ
What insider transactions did PubMatic (PUBM) CEO Rajeev Goel report?
Rajeev Goel reported exercising options for 17,466 Class B shares at $1.11, converting 17,466 Class B shares into Class A, and selling 44,000 Class A shares at a weighted-average price of $8.6478 per share on April 13, 2026.
Were PubMatic (PUBM) CEO Rajeev Goel’s trades under a Rule 10b5-1 plan?
Yes. A footnote explains that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 2, 2025. Such plans pre-schedule trades, indicating the timing of these sales was determined in advance rather than made opportunistically.
What option activity did Rajeev Goel report for PubMatic (PUBM)?
Goel exercised stock options covering 17,466 shares of Class B Common Stock at an exercise price of $1.11 per share. The filing notes the option award under which these shares were exercised expires on July 7, 2026, and that the options are fully vested.