PubMatic (PUBM) CEO-linked trust sells 44,000 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. insider activity centered on a pre-planned option exercise and related share sale. On January 20, 2026, Chief Executive Officer and director Rajeev K. Goel exercised stock options covering 44,000 shares of Class B common stock at an exercise price of $1.11 per share, with the options described as fully vested. These Class B shares were converted into 44,000 shares of Class A common stock.
The filing shows that these 44,000 Class A shares were transferred to The Goel Family Trust and sold by the trust at a weighted average price of $7.5468 per share, under a Rule 10b5-1 trading plan adopted on March 2, 2025. Following the reported transactions, Mr. Goel is stated to hold 2,362,194 shares of Class A and Class B common stock in total, excluding options and restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 44,000 shares ($332,059)
Net Sell
11 txns
Insider
Goel Rajeev K.
Role
CHIEF EXECUTIVE OFFICER
Sold
44,000 shs ($332K)
| 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 | $7.5468 | $332K |
| 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) — 268,851 shares (Direct);
Class B Common Stock — 254,984 shares (Direct);
Class A Common Stock — 44,000 shares (Direct);
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 $7.465 and the highest price at which shares were sold was $7.665. 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.
