[Form 4] PubMatic, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. President, Engineering Kumar Mukul reported routine equity compensation activity. On July 1, 2026, he acquired a total of 19,973 shares of Class A Common Stock through the vesting and settlement of restricted stock units at no cash cost.
On July 2, 2026, he sold 7,897 shares of Class A Common Stock at a weighted average price of $13.6485 per share in open-market block trades. Footnotes state these sales were executed solely to cover tax withholding obligations under a “sell to cover” arrangement following RSU vesting.
After these transactions, Mukul directly holds 112,945 shares of PubMatic Class A Common Stock, indicating he retained the majority of the shares received from recent RSU vesting while disposing of a smaller portion to meet tax requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,897 shares ($107,782)
Net Sell
6 txns
Insider
Kumar Mukul
Role
PRESIDENT, ENGINEERING
Sold
7,897 shs ($108K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,897 | $13.6485 | $108K |
| Exercise | Restricted Stock Unit | 4,279 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 4,014 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,320 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 8,360 | $0.00 | -- |
| Exercise | Class A Common Stock | 19,973 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 112,945 shares (Direct, null);
Restricted Stock Unit — 8,559 shares (Direct, null)
Footnotes (1)
- The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs"). The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $13.50 to $13.89, 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 with regard to the block trades. Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration. The RSUs vested as to 1/16th of the total award on April 1, 2023, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. RSUs do not expire; they either vest or are canceled prior to the vesting date. The RSUs vested as to 1/16th of the total award on April 1, 2024, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The RSUs vested as to 1/16th of the total award on April 1, 2025, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The RSUs vested as to 1/16th of the total award on April 1, 2026, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Key Figures
Shares sold: 7,897 shares
Weighted average sale price: $13.6485 per share
Shares acquired via RSU vesting: 19,973 shares
+3 more
6 metrics
Shares sold
7,897 shares
Class A Common Stock sold on July 2, 2026
Weighted average sale price
$13.6485 per share
Open-market block trades to cover taxes
Shares acquired via RSU vesting
19,973 shares
Class A Common Stock from RSU settlement on July 1, 2026
Post-transaction holdings
112,945 shares
Class A Common Stock directly owned after transactions
RSU conversion ratio
1 share per RSU
Each RSU converts into one Class A share for no consideration
Derivative exercises
19,973 RSU-linked shares
Exercise/conversion transactions coded as M in Form 4
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, block trades, +1 more
5 terms
Restricted Stock Unit financial
"Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction."
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in this line item is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
block trades financial
"These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $13.50 to $13.89, inclusive."
A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.
vesting financial
"The RSUs vested as to 1/16th of the total award on April 1, 2023, and 1/16th of the total award will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
