[Form 4] PubMatic, Inc. Insider Trading Activity
Rhea-AI Filing Summary
PubMatic, Inc. (PUBM) disclosed insider transactions by its Chief Executive Officer, director and 10% owner, Rajeev Goel, on 11/24/2025. He acquired 44,000 shares of Class A common stock through conversions and simultaneously sold 44,000 shares of Class A common stock at a weighted average price of $8.681 per share. The sales were executed by The Goel Family Trust under a pre-arranged Rule 10b5-1 trading plan adopted on March 2, 2025.
Goel also exercised fully vested stock options to acquire Class B common stock, which converts into Class A common stock upon transfer, and adjusted various trust and custodial holdings for the benefit of his children and family members. Following the reported sales, he holds a combined 2,362,194 shares of PubMatic Class A and Class B common stock, not counting vested but unexercised options or unvested equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) | 26,753 | $0.00 | -- |
| Exercise | Class B Common Stock | 26,753 | $1.11 | $30K |
| Exercise | Stock Option (Right to buy Class B Common Stock) | 17,247 | $0.00 | -- |
| Exercise | Class B Common Stock | 17,247 | $1.11 | $19K |
| 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 | $8.681 | $382K |
| 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 | -- | -- | -- |
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 $8.61 and the highest price at which shares were sold was $8.78. 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.
FAQ
What insider transactions did PubMatic (PUBM) report on this Form 4?
The filing reports that CEO, director and 10% owner Rajeev Goel acquired 44,000 shares of Class A common stock and sold 44,000 shares of Class A common stock on 11/24/2025, along with related option exercises and transfers involving Class B common stock.
Was the PubMatic (PUBM) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2025, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
What option activity by PubMatic (PUBM) CEO Rajeev Goel is disclosed?
The filing shows exercises of fully vested stock options with a conversion or exercise price of $1.11 per share, relating to Class B common stock that is convertible into Class A common stock upon transfer. The option award under which these shares were exercised expires on July 7, 2026.
What is the significance of PubMatic (PUBM) Class B common stock in this filing?
The filing states that each share of Class B common stock held by executive officers, directors and their affiliates automatically converts into one share of Class A common stock upon any transfer, except for certain permitted transfers.