PubMatic insider covers taxes via RSU share sale
PubMatic, Inc. director and officer Amar K. Goel reported routine equity compensation activity and a related tax sale.
Rhea-AI Filing Summary
PubMatic, Inc. director and officer Amar K. Goel reported routine equity compensation activity and a related tax sale. On April 1, 2026, he exercised restricted stock units that converted into 18,098 shares of Class A Common Stock for no cash cost. The footnotes state each RSU delivers one Class A share at settlement.
On April 2, 2026, he sold 6,528 Class A shares at a weighted average price of $8.1733 per share in block trades, explicitly to cover tax withholding obligations through a “sell to cover” transaction. Following these transactions, he directly holds 24,066 Class A shares, indicating he retained a substantial equity stake after satisfying tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Goel Amar K.
Role
CHAIRMAN, CHIEF INNOVATION OFF
Sold
6,528 shs ($53K)
Approx. gross sale proceeds
$53K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,528 | $8.1733 | $53K |
| Exercise | Restricted Stock Unit | 2,030 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 4,169 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 3,245 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 8,654 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 18,098 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 200,776 contracts (Direct);
Class A Common Stock — 24,066 shares (Direct)
Footnotes (8)
- F1. 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.
- F2. 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 $7.98 to $8.27, 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.
- F3. 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.
- F4. 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.
- F5. RSUs do not expire; they either vest or are canceled prior to the vesting date.
- F6. 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.
- F7. 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.
- F8. 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
Tax-related sale: 6,528 shares at $8.1733
Shares held after transactions: 24,066 shares
RSU conversion to stock: 18,098 shares
+3 more
6 metrics
Tax-related sale
6,528 shares at $8.1733
Class A shares sold April 2, 2026 to cover tax withholding
Shares held after transactions
24,066 shares
Direct Class A holdings following April 2026 sale
RSU conversion to stock
18,098 shares
Class A shares acquired April 1, 2026 from RSU settlement
RSU tranche 1
2,030 RSUs
Restricted stock units exercised April 1, 2026
RSU tranche 2
4,169 RSUs
Restricted stock units exercised April 1, 2026
RSU tranche 3
3,245 RSUs
Restricted stock units exercised April 1, 2026
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, block trades, +1 more
5 terms
Restricted Stock Unit financial
"The RSUs vested as to 1/16th of the total award on April 1, 2023"
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"
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.
Class A Common Stock financial
"Each RSU represents a right to receive one share of the Issuer's Class A 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.
FAQ
What insider transactions did PubMatic (PUBM) report for Amar K. Goel?
Amar K. Goel exercised restricted stock units that converted into 18,098 Class A shares on April 1, 2026, then sold 6,528 shares on April 2, 2026. The sale was explicitly to cover tax withholding obligations related to the RSU vesting.
What are the key terms of the PubMatic (PUBM) restricted stock units involved?
Each restricted stock unit (RSU) represents a right to receive one Class A share for no consideration at settlement. Footnotes explain these RSUs vest in 1/16th increments starting on specified April 1 dates each year, contingent on continued service to PubMatic.
How do PubMatic (PUBM) RSUs for Amar K. Goel vest over time?
Footnotes describe several RSU awards vesting as to 1/16th of the total award on an initial April 1 date (2023, 2024, 2025, or 2026). Thereafter, another 1/16th vests quarterly, as long as Amar K. Goel continues providing service to PubMatic on each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
