PubMatic (PUBM) president sells 8,000 shares, exercises options and converts stock
Rhea-AI Filing Summary
Mukul Kumar, President, Engineering of PubMatic, Inc., sold 8,000 shares of Class A common stock at a weighted average price of $13.6681 per share on July 16, 2026, under a Rule 10b5-1 trading plan adopted on March 3, 2026.
The sale price ranged from $13.53 to $14.03. On the same date he converted 8,000 shares of Class B common stock into 8,000 shares of Class A common stock and exercised stock options for 8,000 shares at an exercise price of $2.15 per share. Following these transactions, he held 112,945 Class A and 143,600 Class B shares directly, plus stock options for 31,000 Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Kumar Mukul
Role
PRESIDENT, ENGINEERING
Sold
8,000 shs ($109K)
Approx. gross sale proceeds
$109K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) F3 | 8,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F4 | 8,000 | $2.15 | $17K |
| Conversion | Class B Common Stock F4 | 8,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 8,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 8,000 | $13.6681 | $109K |
Holdings After Transaction:
Stock Option (Right to buy Class B Common Stock) — 31,000 shares (Direct);
Class B Common Stock — 135,600 shares (Direct);
Class A Common Stock — 112,945 shares (Direct)
Footnotes (4)
- F1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 3, 2026.
- F2. Represents the weighted average sale price. The lowest price at which shares were sold was $13.53 and the highest price at which shares were sold was $14.03. 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.
- F3. The options are fully vested.
- F4. 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 that occurs after the closing of the Issuer's initial public offering, except for certain permitted transfers.
Key Figures
Class A shares sold: 8,000 shares
Weighted average sale price: $13.6681 per share
Sale price range: $13.53–$14.03 per share
+5 more
8 metrics
Class A shares sold
8,000 shares
Sale of Class A common stock on July 16, 2026
Weighted average sale price
$13.6681 per share
Class A common stock sale on July 16, 2026
Sale price range
$13.53–$14.03 per share
Range of prices for sold Class A shares
Class A holdings after sale
112,945 shares
Direct Class A common stock owned after transactions
Class B holdings after conversions
143,600 shares
Direct Class B common stock owned after derivative transactions
Options remaining
31,000 shares
Stock options for Class B common stock after exercising 8,000 options
Option exercise price
$2.15 per share
Exercise price for stock options on Class B common stock
Option expiration date
May 1, 2027
Expiration of stock options on Class B common stock
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Class B common stock, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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.
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at which shares were sold"
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.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
initial public offering financial
"occurs after the closing of the Issuer's initial public offering, except for certain permitted"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PubMatic (PUBM) executive Mukul Kumar report in this Form 4?
Mukul Kumar reported transactions on July 16, 2026, including selling 8,000 shares of Class A common stock and related conversions and option exercises. These activities affected his holdings in both Class A and Class B shares and his remaining stock options.
Was Mukul Kumar’s PubMatic (PUBM) stock sale under a Rule 10b5-1 plan?
Yes. The sale of 8,000 Class A shares was effected under a Rule 10b5-1 trading plan adopted by Mukul Kumar on March 3, 2026. Such plans pre-arrange trades, providing structure for periodic share sales over time.
Did Mukul Kumar exercise PubMatic (PUBM) stock options in this filing?
Yes. He exercised options for 8,000 shares of Class B common stock at an exercise price of $2.15 per share. After this exercise, stock options for 31,000 Class B shares remained outstanding, expiring on May 1, 2027.