PubMatic CEO exercises options and sells 44K shares
PubMatic, Inc. CEO Rajeev K. Goel reported an option exercise, share conversion, and an associated share sale.
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Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. CEO Rajeev K. Goel reported an option exercise, share conversion, and an associated share sale. He exercised stock options for 44,000 shares of Class B common stock at an exercise price of $2.15 per share, which were converted into 44,000 shares of Class A common stock.
The 44,000 Class A shares were then sold in open-market transactions at a weighted average price of $11.3331 per share, under a pre-arranged Rule 10b5-1 trading plan. Following these sales, Mr. Goel holds 2,383,400 shares of Class A and Class B common stock in total, excluding any options and restricted stock units, and continues to own fully vested options expiring on May 1, 2027.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Goel Rajeev K.
Role
CHIEF EXECUTIVE OFFICER
Sold
44,000 shs ($499K)
Approx. gross sale proceeds
$499K
Approx. exercise cost
$95K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) | 44,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 44,000 | $2.15 | $95K |
| Conversion | Class B Common Stock | 44,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 44,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 44,000 | $11.3331 | $499K |
| 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) — 319,996 contracts (Direct);
Class B Common Stock — 210,984 contracts (Direct);
Class A Common Stock — 21,206 shares (Direct);
Class B Common Stock — 2,151,210 contracts (Indirect, See footnote)
Footnotes (11)
- F1. 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.
- F2. Following the sales reported in this line item, Mr. Goel holds 2,383,400 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 May 1, 2027.
- F3. 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.
- F4. 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.
- F5. Represents the weighted average sale price. The lowest price at which shares were sold was $11.20 and the highest price at which shares were sold was $11.515. 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.
- F6. The options are fully vested.
- F7. These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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
Average sale price: $11.3331 per share
Sale price range: $11.20–$11.515 per share
+5 more
8 metrics
Shares sold
44,000 shares
Class A common stock sold in open-market transactions
Average sale price
$11.3331 per share
Weighted average price for 44,000 Class A shares
Sale price range
$11.20–$11.515 per share
Lowest and highest prices in the reported sales
Option exercise price
$2.15 per share
Exercise price for 44,000 Class B options
Total shares held after
2,383,400 shares
Combined Class A and B holdings after transactions
Direct Class A holding after
21,206 shares
Direct Class A common stock following the sale
Remaining options
319,996 options
Stock options outstanding after 44,000-share exercise
Option expiration
May 1, 2027
Expiry date for the option award referenced
Key Terms
Rule 10b5-1 trading plan, Class B common stock, weighted average sale price, California Uniform Transfers to Minors Act, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"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 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 upon any transfer, except for certain permitted transfers."
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.
weighted average sale price financial
"Represents the weighted average sale price."
California Uniform Transfers to Minors Act regulatory
"These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any."
beneficial ownership regulatory
"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."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PubMatic (PUBM) CEO Rajeev Goel report?
Rajeev Goel reported exercising options for 44,000 Class B shares, converting them into 44,000 Class A shares, and selling those Class A shares in open-market trades. These transactions were part of a routine option exercise-and-sell sequence disclosed in a Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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