PubMatic (PUBM) CEO sells shares under 10b5-1 plan, exercises options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PubMatic, Inc. director and CEO Rajeev K. Goel reported a combination of option exercises, conversions and share sales. On June 18, 2026, stock options for 21,871 shares of Class B Common Stock were exercised at an exercise price of $2.15 per share and converted into 21,871 shares of Class A Common Stock.
On the same date, 43,077 shares of Class A Common Stock were sold in open-market transactions at a weighted average price of $11.2953 per share, with individual sale prices ranging from $11.10 to $11.40. According to the footnotes, these securities had been transferred to and were sold by The Goel Family Trust, under a Rule 10b5-1 trading plan adopted on March 5, 2026.
Following these transactions, Mr. Goel holds a total of 2,362,194 shares of PubMatic Class A and Class B Common Stock as of the filing date, excluding vested but unexercised options and unvested equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 43,077 shares ($486,568)
Net Sell
11 txns
Insider
Goel Rajeev K.
Role
CHIEF EXECUTIVE OFFICER
Sold
43,077 shs ($487K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) | 21,871 | $0.00 | -- |
| Exercise | Class B Common Stock | 21,871 | $2.15 | $47K |
| Conversion | Class B Common Stock | 21,871 | $0.00 | -- |
| Conversion | Class A Common Stock | 21,871 | $0.00 | -- |
| Sale | Class A Common Stock | 43,077 | $11.2953 | $487K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to buy Class B Common Stock) — 298,125 shares (Direct, null);
Class B Common Stock — 232,855 shares (Direct, null);
Class A Common Stock — 43,077 shares (Direct, null);
Class B Common Stock — 581,260 shares (Indirect, See footnote)
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 May 1, 2027. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2026. 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 $11.10 and the highest price at which shares were sold was $11.40. 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.
Key Figures
Shares sold: 43,077 shares
Weighted average sale price: $11.2953 per share
Sale price range: $11.10–$11.40 per share
+4 more
7 metrics
Shares sold
43,077 shares
Class A Common Stock sold on June 18, 2026
Weighted average sale price
$11.2953 per share
Class A Common Stock sales on June 18, 2026
Sale price range
$11.10–$11.40 per share
Range of prices for reported share sales
Options exercised
21,871 shares
Class B options exercised and converted into Class A on June 18, 2026
Option exercise price
$2.15 per share
Exercise price of stock options for 21,871 shares
Option expiration
May 1, 2027
Expiration date of option award referenced in footnotes
Post-transaction holdings
2,362,194 shares
Total Class A and B shares held after sales, as of filing date
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, California Uniform Transfers to Minors Act, pecuniary interest, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2026."
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 $11.10 and the highest price at which shares were sold was $11.40."
California Uniform Transfers to Minors Act regulatory
"These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act."
pecuniary interest financial
"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"
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 into one share of Class A common stock upon any transfer"
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.
FAQ
What insider transactions did PubMatic (PUBM) CEO Rajeev Goel report?
Rajeev Goel reported exercising options for 21,871 Class B shares, converting them into 21,871 Class A shares, and the sale of 43,077 Class A shares. The sales were executed by The Goel Family Trust under a Rule 10b5-1 trading plan adopted in March 2026.
What stock options did PubMatic (PUBM) CEO Rajeev Goel exercise?
He exercised stock options covering 21,871 shares of Class B Common Stock at an exercise price of $2.15 per share, converting them into 21,871 shares of Class A Common Stock. The filing notes that the option award under which these shares were exercised expires on May 1, 2027.