PubMatic (NASDAQ: PUBM) 10b5-1 trust sale of 44K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. chief executive officer Rajeev K. Goel reported an option exercise, share conversion, and a pre-planned sale involving PubMatic stock. He exercised stock options to acquire 44,000 shares of Class B common stock at $1.11 per share, which were converted into 44,000 shares of Class A common stock and then sold at a weighted average price of $9.776 per share under a Rule 10b5-1 trading plan.
Footnotes state these securities were transferred to and sold by The Goel Family Trust, a trust associated with Goel. After these transactions, he is reported as holding a total of 2,362,194 shares of Class A and Class B common stock through a mix of direct holdings, family trusts, and custodial accounts, and his related option award remains fully vested with an expiration date in July 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 44,000 shares ($430,144)
Net Sell
11 txns
Insider
Goel Rajeev K.
Role
CHIEF EXECUTIVE OFFICER
Sold
44,000 shs ($430K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) | 44,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 44,000 | $1.11 | $49K |
| Conversion | Class B Common Stock | 44,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 44,000 | $0.00 | -- |
| Sale | Class A Common Stock | 44,000 | $9.776 | $430K |
| 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) — 51,996 shares (Direct, null);
Class B Common Stock — 254,984 shares (Direct, null);
Class A Common Stock — 65,206 shares (Direct, null);
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 $9.535 and the highest price at which shares were sold was $9.885. 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
Average sale price: $9.776 per share
Option exercise price: $1.11 per share
+3 more
6 metrics
Shares sold
44,000 shares
Class A common stock sold in open-market transaction on April 27, 2026
Average sale price
$9.776 per share
Weighted average for 44,000 Class A shares sold; range $9.535–$9.885
Option exercise price
$1.11 per share
Stock option to buy Class B common stock exercised for 44,000 shares
Post-transaction direct Class A holdings
21,206 shares
Class A common stock held directly after reported sale and conversion
Total combined holdings
2,362,194 shares
Class A and Class B common stock held through various accounts as of filing
Remaining options
51,996 options
Stock options to buy Class B common stock at $1.11, expiring July 7, 2026
Key Terms
Rule 10b5-1 trading plan, Class B common stock, weighted average sale price, California Uniform Transfers to Minors Act, +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"
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"
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. The lowest price at which shares were sold"
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."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
FAQ
What PubMatic (PUBM) insider transaction did CEO Rajeev Goel report?
Rajeev Goel reported an option exercise, share conversion, and sale. He exercised options for 44,000 Class B shares, converted them into 44,000 Class A shares, and sold those Class A shares in a pre-planned transaction disclosed in the filing.