PubMatic executive sells shares to cover RSU taxes
PubMatic, Inc. director and executive Amar K. Goel reported RSU vesting and related share transactions.
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Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. director and executive Amar K. Goel reported RSU vesting and related share transactions. On July 1, 2026, multiple restricted stock unit awards converted into Class A Common Stock, reflecting routine equity compensation.
On July 2, 2026, Goel sold 6,584 shares of Class A Common Stock at a weighted average price of $13.6485 per share to cover tax withholding obligations through a sell-to-cover transaction. After this sale, he directly held 35,580 Class A Common Stock shares. RSU balances remained outstanding following these vesting events.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Goel Amar K.
Role
CHAIRMAN, CHIEF INNOVATION OFF
Sold
6,584 shs ($90K)
Approx. gross sale proceeds
$90K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,584 | $13.6485 | $90K |
| Exercise | Restricted Stock Unit | 2,030 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 4,169 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 3,245 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 8,654 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 18,098 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 182,678 contracts (Direct);
Class A Common Stock — 35,580 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 $13.50 to $13.89, 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: 6,584 shares
Sale price: $13.6485 per share
Shares after sale: 35,580 shares
+2 more
5 metrics
Shares sold
6,584 shares
Class A Common Stock sold on July 2, 2026
Sale price
$13.6485 per share
Weighted average price for the 6,584-share sale
Shares after sale
35,580 shares
Direct Class A Common Stock holdings after July 2, 2026 sale
Shares from derivative exercises
18,098 shares
Class A Common Stock acquired via derivative exercises on July 1, 2026
Largest RSU balance
121,154 RSUs
Restricted Stock Units total shares following one RSU transaction
Key Terms
restricted stock units ("RSUs"), sell to cover, weighted average price, block trades, +1 more
5 terms
restricted stock units ("RSUs") financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
sell to cover financial
"The sales were to satisfy tax withholding obligations to be 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 in this line item is a weighted average price."
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 of the Issuer"
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 date financial
"subject to the Reporting Person's provision of service to the Issuer on each vesting date."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PubMatic (PUBM) executive Amar K. Goel report in this Form 4?
Amar K. Goel reported RSU vesting and a related share sale. Several restricted stock unit awards converted into Class A Common Stock, and a portion of the resulting shares was sold to cover tax withholding obligations via a sell-to-cover transaction.
What RSU vesting schedule is described for PubMatic (PUBM) awards in this Form 4?
Each RSU grant vests 1/16 of the total award on an initial April 1 date and 1/16 quarterly thereafter. Continued vesting is subject to Goel’s ongoing service to PubMatic on each scheduled vesting date, as detailed in the footnotes.
Do PubMatic restricted stock units (RSUs) have an expiration date according to this filing?
The filing notes that RSUs do not expire in the traditional sense. Instead, they either vest according to their service-based schedule or are canceled before the vesting date if conditions such as continued service are not met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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