PubMatic executive sells shares to cover RSU taxes
PubMatic, Inc. president of engineering Mukul Kumar reported routine equity compensation activity and a related tax sale.
Rhea-AI Filing Summary
PubMatic, Inc. president of engineering Mukul Kumar reported routine equity compensation activity and a related tax sale. On April 1, 2026, he acquired 19,974 shares of Class A Common Stock at $0.00 per share through the vesting and settlement of restricted stock units (RSUs).
On April 2, 2026, he sold 7,830 shares of Class A Common Stock in open-market block trades at a weighted average price of $8.1733 per share, with trade prices ranging from $7.98 to $8.27. According to the disclosure, these sales were made solely to cover tax withholding obligations from the RSU vesting via a “sell to cover” transaction. After these transactions, he directly holds 99,485 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Kumar Mukul
Role
PRESIDENT, ENGINEERING
Sold
7,830 shs ($64K)
Approx. gross sale proceeds
$64K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,830 | $8.1733 | $64K |
| Exercise | Restricted Stock Unit | 4,279 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 4,014 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 3,321 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 8,360 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 19,974 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 202,862 contracts (Direct);
Class A Common Stock — 99,485 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
Shares sold: 7,830 shares
Weighted average sale price: $8.1733 per share
Shares acquired via RSU settlement: 19,974 shares
+3 more
6 metrics
Shares sold
7,830 shares
Open-market sale on April 2, 2026 at weighted $8.1733
Weighted average sale price
$8.1733 per share
Block trades between $7.98 and $8.27 on April 2, 2026
Shares acquired via RSU settlement
19,974 shares
Class A Common Stock from RSU vesting at $0.00 on April 1, 2026
Shares held after transactions
99,485 shares
Direct Class A Common Stock holdings following April 2026 activity
Derivative RSU conversions
4,279; 4,014; 3,321; 8,360 units
Multiple RSU awards converting into Class A Common Stock
Net buy/sell shares
-7,830 shares
Net share disposition across buy/sell activity in this Form 4
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, block trades, +1 more
5 terms
Restricted Stock Unit financial
"Each RSU represents a right to receive one share of Class A Common Stock"
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
"Sales were to satisfy tax withholding obligations 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 is a weighted average price for block trades between $7.98 and $8.27"
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.
vesting financial
"The RSUs vested as to 1/16th of the total award on April 1 and quarterly thereafter"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did PubMatic (PUBM) executive Mukul Kumar report?
Mukul Kumar reported RSU vesting into 19,974 Class A shares at $0.00 per share and a related sale of 7,830 shares. The sale on April 2, 2026 was an open-market block trade to cover tax withholding obligations from the RSU settlement.
What RSU activity did PubMatic (PUBM) disclose for Mukul Kumar in this Form 4?
Several restricted stock unit positions converted into Class A Common Stock on April 1, 2026, including a 19,974-share settlement at $0.00 per share. Footnotes explain that each RSU converts into one share upon vesting, with quarterly vesting schedules tied to continued service.
How do the RSU vesting schedules work for PubMatic (PUBM) executive Mukul Kumar?
Footnotes show multiple RSU awards vest as to 1/16th of the total award on April 1 of the initial year, then 1/16th quarterly thereafter. Continued service to PubMatic on each vesting date is required, and RSUs either vest into shares or are canceled before vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
