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[Form 4] PubMatic, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Amar K. Goel, Chairman and Chief Innovation Officer of PubMatic, Inc. (PUBM), reported equity transactions on 10/01/2025 and 10/02/2025. On 10/01/2025 he received 12,436 shares of Class A common stock (reported as acquisition code M) and multiple restricted stock units (RSUs) vested that same date converting into 12,436 underlying shares distributed across four RSU awards of 2,992, 2,030, 4,168, and 3,246 shares. To satisfy tax withholding on the vested RSUs, he sold 4,468 shares on 10/02/2025 in block trades at a weighted average price of $8.2338, leaving him with 20,464 shares of Class A common stock beneficially owned after the sale. The Form 4 states the sales were a "sell to cover" for tax withholding and that the price reported is a weighted average from block trades priced between $8.15 and $8.31.

Amar K. Goel, Presidente e Chief Innovation Officer di PubMatic, Inc. (PUBM), ha riferito transazioni azionarie il 01/10/2025 e il 02/10/2025. Il 01/10/2025 ha ricevuto 12.436 azioni ordinarie di Classe A (riportate come codice di acquisizione M) e multiple RSU (restricted stock units) maturate lo stesso giorno, che si sono convertite in 12.436 azioni sottostanti distribuite tra quattro premi RSU di 2.992, 2.030, 4.168 e 3.246 azioni. Per soddisfare la ritenuta fiscale sulle RSU maturate, ha venduto 4.468 azioni il 02/10/2025 in blocchi a un prezzo medio ponderato di $8.2338, lasciandosi alle spalle 20.464 azioni di Classe A possedute beneficiariamente dopo la vendita. Il Form 4 indica che le vendite erano una "sell to cover" per la ritenuta fiscale e che il prezzo riportato è una media ponderata di blocchi negoziati tra $8.15 e $8.31.

Amar K. Goel, Presidente y Director de Innovación de PubMatic, Inc. (PUBM), reportó transacciones de acciones el 01/10/2025 y el 02/10/2025. El 01/10/2025 recibió 12,436 acciones en clase A (registradas como código de adquisición M) y múltiples unidades de acciones restringidas (RSU) adquiridas ese mismo día, que se convirtieron en 12,436 acciones subyacentes distribuidas entre cuatro premios RSU de 2,992, 2,030, 4,168 y 3,246 acciones. Para cumplir la retención fiscal sobre las RSU adquiridas, vendió 4,468 acciones el 02/10/2025 en bloques a un precio medio ponderado de $8.2338, quedando con 20,464 acciones de Clase A poseídas beneficiosamente tras la venta. El Formulario 4 indica que las ventas fueron una "venta para cubrir" la retención fiscal y que el precio informado es un promedio ponderado de bloques negociados entre $8.15 y $8.31.

Amar K. Goel는 PubMatic, Inc. (PUBM)의 회장 겸 최고혁신책임자로, 2025년 10월 1일과 2025년 10월 2일에 주식 거래를 보고했습니다. 2025년 10월 1일에 그는 12,436 주의 Class A 보통주를 받았고(취득 코드 M으로 보고), 같은 날 vesting된 여러 RSU가 12,436 주의 기초 주식으로 전환되어 네 개의 RSU 보상으로 2,992, 2,030, 4,168, 3,246 주를 분배했습니다. 과세 원천징수를 충족하기 위해 vesting된 RSU를 팔아 2025년 10월 2일에 4,468 주를 일괄 매매로 매도했고, 가중평균가 $8.2338로 매도하여 매도 후 보유주식은 20,464 주의 Class A 보통주를 실제로 소유하게 되었습니다. Form 4는 매도가 세금 원천징수를 위한 "커버용 매도"였다고 밝혔으며, 보고된 가격은 $8.15에서 $8.31 사이의 블록 트레이드의 가중평균 가격이라고 명시합니다.

Amar K. Goel, Président et Directeur de l’Innovation chez PubMatic, Inc. (PUBM), a déclaré des transactions sur actions le 01/10/2025 et le 02/10/2025. Le 01/10/2025, il a reçu 12 436 actions ordinaires de classe A (signalées sous le code d’acquisition M) et plusieurs RSU acquises le même jour, qui se sont transformées en 12 436 actions sous-jacentes réparties entre quatre attributions RSU de 2 992, 2 030, 4 168 et 3 246 actions. Pour satisfaire la retenue d’impôt sur les RSU acquises, il a vendu 4 468 actions le 02/10/2025 en blocs à un prix moyen pondéré de $8.2338, lui laissant 20 464 actions de classe A détenues après la vente. Le Formulaire 4 indique que les ventes étaient une « vente pour couverture » pour la retenue d’impôt et que le prix reporté est une moyenne pondérée des blocs négociés entre $8.15 et $8.31.

Amar K. Goel, Vorsitzender und Chief Innovation Officer von PubMatic, Inc. (PUBM), meldete Aktiengeschäfte am 01.10.2025 und 02.10.2025. Am 01.10.2025 erhielt er 12.436 Class-A-Stammaktien (angegeben als Erwerbs-Code M) und mehrere RSUs, die am selben Tag vesteten und sich in 12.436 zugrunde liegende Aktien umwandelten, verteilt auf vier RSU-Zuteilungen von 2.992, 2.030, 4.168 und 3.246 Aktien. Um die Steuerabzüge für die vesteten RSUs zu decken, verkaufte er am 02.10.2025 4.468 Aktien in Blocktransaktionen zu einem gewichteten Durchschnittspreis von $8.2338, sodass er nach dem Verkauf 20.464 Class-A-Stammaktien im Eigentum hatte. Das Formular 4 gibt an, dass die Verkäufe eine „Sell to Cover“-Transaktion zur Steuerabdeckung waren und dass der gemeldete Preis ein gewogener Durchschnitt aus Block-Transaktionen im Bereich von $8.15 bis $8.31 ist.

أمار ك. جويل، الرئيس التنفيذي ورئيس قسم الابتكار في PubMatic, Inc. (PUBM)، أبلغ عن معاملات أسهم في 01/10/2025 و02/10/2025. في 01/10/2025 تلقى 12,436 سهماً من الفئة A (مرجعة برمز الاقتناء M) والعديد من وحدات الأسهم المقيدة RSU التي استحقّت في اليوم نفسه وتحولت إلى 12,436 سهماً أساسياً موزعة عبر أربع منحة RSU من 2,992، 2,030، 4,168، و3,246 سهماً. ولتلبية الحجز الضريبي على RSU المستحقّة، باع 4,468 سهماً في 02/10/2025 في صفقات مجمعة بسعر متوسط مرجّح قدره $8.2338، وترك له 20,464 سهماً من فئة A مستحوذة فعلياً بعد البيع. يذكر النموذج 4 أن المبيعات كانت "بيع لتغطية" للضريبة وأن السعر المبلغ عنه هو متوسط مرجّح من صفقات مجمعة تتراوح أسعارها بين $8.15 و$8.31.

Amar K. Goel，PubMatic, Inc.（PUBM）的董事长兼首席创新官，报告了在2025/10/01和2025/10/02的股票交易。2025/10/01他收到12,436股A类普通股（记为获取代码M），并且同日归属的多项受限股票单位（RSU）转化为12,436股基础股票，分配到四笔RSU奖励中，分别为2,992、2,030、4,168和3,246股。为满足已归属RSU的税款预扣，他在2025/10/02以加权平均价格$8.2338在大宗交易中出售了4,468股，出售后他实际拥有的A类普通股为20,464股。Form 4显示该销售是为税款预扣而进行的“卖出以覆盖”，且报告的价格是介于$8.15与$8.31之间的大宗交易加权平均价。

Positive
  • 12,436 shares acquired on 10/01/2025 through vesting of RSUs
  • RSU vesting schedule and conversion to Class A shares explicitly disclosed
Negative
  • 4,468 shares sold on 10/02/2025 at a weighted average price of $8.2338 reducing holdings
  • Beneficial ownership decreased from 24,932 to 20,464 shares after the sale

Insights

Vesting-triggered share receipt with a routine sell-to-cover tax sale.

The filing shows RSUs vesting on 10/01/2025 converting into 12,436 shares and an immediate partial sale of 4,468 shares on 10/02/2025 to satisfy tax withholding. This is described explicitly as a "sell to cover" rather than a discretionary disposition.

Because the sale arose directly from tax obligations tied to RSU settlement, it reflects compensation mechanics, not necessarily a voluntary liquidity decision by the reporting person.

Reporting person remains a significant insider owner after transactions.

Following the transactions, the report shows 20,464 Class A shares beneficially owned by the reporting person, down from 24,932 immediately after the acquisition. The Form 4 lists the reporting person as Director and a 10% Owner, indicating continued insider status and disclosure obligations.

The filing documents are limited to these transactions; no other changes in role or additional dispositions are included.

Amar K. Goel, Presidente e Chief Innovation Officer di PubMatic, Inc. (PUBM), ha riferito transazioni azionarie il 01/10/2025 e il 02/10/2025. Il 01/10/2025 ha ricevuto 12.436 azioni ordinarie di Classe A (riportate come codice di acquisizione M) e multiple RSU (restricted stock units) maturate lo stesso giorno, che si sono convertite in 12.436 azioni sottostanti distribuite tra quattro premi RSU di 2.992, 2.030, 4.168 e 3.246 azioni. Per soddisfare la ritenuta fiscale sulle RSU maturate, ha venduto 4.468 azioni il 02/10/2025 in blocchi a un prezzo medio ponderato di $8.2338, lasciandosi alle spalle 20.464 azioni di Classe A possedute beneficiariamente dopo la vendita. Il Form 4 indica che le vendite erano una "sell to cover" per la ritenuta fiscale e che il prezzo riportato è una media ponderata di blocchi negoziati tra $8.15 e $8.31.

Amar K. Goel, Presidente y Director de Innovación de PubMatic, Inc. (PUBM), reportó transacciones de acciones el 01/10/2025 y el 02/10/2025. El 01/10/2025 recibió 12,436 acciones en clase A (registradas como código de adquisición M) y múltiples unidades de acciones restringidas (RSU) adquiridas ese mismo día, que se convirtieron en 12,436 acciones subyacentes distribuidas entre cuatro premios RSU de 2,992, 2,030, 4,168 y 3,246 acciones. Para cumplir la retención fiscal sobre las RSU adquiridas, vendió 4,468 acciones el 02/10/2025 en bloques a un precio medio ponderado de $8.2338, quedando con 20,464 acciones de Clase A poseídas beneficiosamente tras la venta. El Formulario 4 indica que las ventas fueron una "venta para cubrir" la retención fiscal y que el precio informado es un promedio ponderado de bloques negociados entre $8.15 y $8.31.

Amar K. Goel는 PubMatic, Inc. (PUBM)의 회장 겸 최고혁신책임자로, 2025년 10월 1일과 2025년 10월 2일에 주식 거래를 보고했습니다. 2025년 10월 1일에 그는 12,436 주의 Class A 보통주를 받았고(취득 코드 M으로 보고), 같은 날 vesting된 여러 RSU가 12,436 주의 기초 주식으로 전환되어 네 개의 RSU 보상으로 2,992, 2,030, 4,168, 3,246 주를 분배했습니다. 과세 원천징수를 충족하기 위해 vesting된 RSU를 팔아 2025년 10월 2일에 4,468 주를 일괄 매매로 매도했고, 가중평균가 $8.2338로 매도하여 매도 후 보유주식은 20,464 주의 Class A 보통주를 실제로 소유하게 되었습니다. Form 4는 매도가 세금 원천징수를 위한 "커버용 매도"였다고 밝혔으며, 보고된 가격은 $8.15에서 $8.31 사이의 블록 트레이드의 가중평균 가격이라고 명시합니다.

Amar K. Goel, Président et Directeur de l’Innovation chez PubMatic, Inc. (PUBM), a déclaré des transactions sur actions le 01/10/2025 et le 02/10/2025. Le 01/10/2025, il a reçu 12 436 actions ordinaires de classe A (signalées sous le code d’acquisition M) et plusieurs RSU acquises le même jour, qui se sont transformées en 12 436 actions sous-jacentes réparties entre quatre attributions RSU de 2 992, 2 030, 4 168 et 3 246 actions. Pour satisfaire la retenue d’impôt sur les RSU acquises, il a vendu 4 468 actions le 02/10/2025 en blocs à un prix moyen pondéré de $8.2338, lui laissant 20 464 actions de classe A détenues après la vente. Le Formulaire 4 indique que les ventes étaient une « vente pour couverture » pour la retenue d’impôt et que le prix reporté est une moyenne pondérée des blocs négociés entre $8.15 et $8.31.

Amar K. Goel, Vorsitzender und Chief Innovation Officer von PubMatic, Inc. (PUBM), meldete Aktiengeschäfte am 01.10.2025 und 02.10.2025. Am 01.10.2025 erhielt er 12.436 Class-A-Stammaktien (angegeben als Erwerbs-Code M) und mehrere RSUs, die am selben Tag vesteten und sich in 12.436 zugrunde liegende Aktien umwandelten, verteilt auf vier RSU-Zuteilungen von 2.992, 2.030, 4.168 und 3.246 Aktien. Um die Steuerabzüge für die vesteten RSUs zu decken, verkaufte er am 02.10.2025 4.468 Aktien in Blocktransaktionen zu einem gewichteten Durchschnittspreis von $8.2338, sodass er nach dem Verkauf 20.464 Class-A-Stammaktien im Eigentum hatte. Das Formular 4 gibt an, dass die Verkäufe eine „Sell to Cover“-Transaktion zur Steuerabdeckung waren und dass der gemeldete Preis ein gewogener Durchschnitt aus Block-Transaktionen im Bereich von $8.15 bis $8.31 ist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Goel Amar K.
(Last) (First) (Middle)
C/O PUBMATIC, INC.
601 MARSHALL STREET
(Street)
REDWOOD CITY CA 94063
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PubMatic, Inc. [ PUBM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CHAIRMAN, CHIEF INNOVATION OFF
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 10/01/2025 M 12,436 A $0 24,932 D
Class A Common Stock 10/02/2025 S(1) 4,468 D $8.2338(2) 20,464 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $0(3) 10/01/2025 M 2,992 (4) (5) Class A Common Stock 2,992 $0 2,993 D
Restricted Stock Unit $0(3) 10/01/2025 M 2,030 (6) (5) Class A Common Stock 2,030 $0 10,150 D
Restricted Stock Unit $0(3) 10/01/2025 M 4,168 (7) (5) Class A Common Stock 4,168 $0 37,519 D
Restricted Stock Unit $0(3) 10/01/2025 M 3,246 (8) (5) Class A Common Stock 3,246 $0 42,187 D
Explanation of Responses:
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.
2. 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 $8.15 to $8.31, 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.
3. 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.
4. The RSUs vested as to 1/16th of the total shares on April 1, 2022, and 1/16th of the total shares vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
5. RSUs do not expire; they either vest or are canceled prior to the vesting date.
6. The RSUs vested as to 1/16th of the total award on April 1, 2023, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
7. The RSUs vest as to 1/16th of the total shares on April 1, 2024, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
8. The RSUs vest as to 1/16th of the total shares on April 1, 2025, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
/s/ Andrew Woods, Attorney-in-Fact 10/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Amar K. Goel report for PUBM?

On 10/01/2025 Mr. Goel received 12,436 Class A shares from RSU vesting and related settlements; on 10/02/2025 he sold 4,468 shares.

Why were 4,468 shares sold by the insider?

The Form 4 states the sale was a sell-to-cover transaction to satisfy tax withholding obligations on the vested RSUs.

At what price were the shares sold in the reported block trades?

The weighted average price reported for the sale on 10/02/2025 was $8.2338, with trade prices in the range $8.15 to $8.31.

How many RSU awards vested and what were their sizes?

Four RSU awards vested into 2,992, 2,030, 4,168, and 3,246 shares respectively on 10/01/2025.

How many Class A shares does Mr. Goel beneficially own after these transactions?

The Form 4 reports 20,464 Class A shares beneficially owned following the sale.
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Pubmatic, Inc.

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[Form 4] PubMatic, Inc. Insider Trading Activity

PUBM Stock Data

378.59M
37.17M
0.75%
69.94%
3.81%
Software - Application
Services-computer Programming, Data Processing, Etc.
Link
United States
REDWOOD CITY