PubMatic executive sells 8,000 shares in planned trade
PubMatic, Inc. executive Mukul Kumar reported a combination of stock sales and derivative exercises.
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Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. executive Mukul Kumar reported a combination of stock sales and derivative exercises. He sold 8,000 shares of Class A Common Stock in an open‑market transaction at a weighted average price of $11.9625 per share pursuant to a Rule 10b5‑1 trading plan. Following the sale, he directly held 100,869 shares of Class A Common Stock. Kumar also exercised and converted derivative securities involving Class B Common Stock into Class A Common Stock, reflecting compensation-related activity rather than additional market purchases.
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 ($96K)
Approx. gross sale proceeds
$96K
Approx. exercise cost
$17K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) | 8,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 8,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 8,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 8,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 8,000 | $11.9625 | $96K |
Holdings After Transaction:
Stock Option (Right to buy Class B Common Stock) — 39,000 contracts (Direct);
Class B Common Stock — 135,600 contracts (Direct);
Class A Common Stock — 100,869 shares (Direct)
Footnotes (5)
- F1. Includes 1,384 shares of Class A Common Stock acquired by the Reporting Person pursuant to the Issuer's employee stock purchase plan.
- F2. 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.
- F3. Represents the weighted average sale price. The lowest price at which shares were sold was $11.67 and the highest price at which shares were sold was $12.12. 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.
- F4. The options are fully vested.
- F5. 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
Shares sold: 8,000 shares
Sale price (weighted average): $11.9625 per share
Class A shares held after sale: 100,869 shares
+3 more
6 metrics
Shares sold
8,000 shares
Class A Common Stock sold in open market
Sale price (weighted average)
$11.9625 per share
Open-market sale of Class A shares
Class A shares held after sale
100,869 shares
Direct ownership following transactions
Derivative exercises/conversions
24,000 shares
Exercise or conversion of derivative securities
Option exercise price
$2.15 per share
Stock option to buy Class B Common Stock
Class B shares after conversions
143,600 shares
Direct Class B Common Stock holdings
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, employee stock purchase plan, Class B common stock, +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 adopted by the Reporting Person"
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 was $11.67 and the highest price"
employee stock purchase plan financial
"Includes 1,384 shares of Class A Common Stock acquired by the Reporting Person pursuant to the Issuer's employee stock purchase plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Class B common stock financial
"Each share of Class B common stock held by the Issuer's executive officers, directors and their respective affiliates will convert automatically"
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.
Stock Option (Right to buy Class B Common Stock) financial
"Stock Option (Right to buy Class B Common Stock)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PubMatic (PUBM) executive Mukul Kumar report in this Form 4?
Mukul Kumar reported an open‑market sale and several derivative exercises. He sold 8,000 Class A shares and converted derivative and Class B holdings into Class A stock as part of compensation-related activity.
Were Mukul Kumar’s PubMatic (PUBM) stock sales pre‑planned?
Yes. The filing states the sales were effected under a Rule 10b5‑1 trading plan adopted on March 3, 2026. Such plans pre‑schedule trades, making the timing more routine and less discretionary.
What derivative securities did Mukul Kumar exercise or convert in PubMatic (PUBM)?
He exercised and converted derivative securities tied to Class B Common Stock, including stock options with a $2.15 per‑share exercise price, resulting in acquisitions of additional Class A and Class B shares as disclosed in the transactions table.
Does Mukul Kumar still have derivative positions in PubMatic (PUBM) after these transactions?
The derivative section in the summary of the filing shows no remaining derivative positions. This suggests the reported exercises and conversions effectively cleared the derivative holdings visible in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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