PubMatic, Inc. (PUBM) CEO sells 49,979 shares and exercises options
Rhea-AI Filing Summary
PubMatic, Inc. CEO and 10% owner Rajeev K. Goel reported exercising 21,870 stock options at $2.15 per share, converting Class B into Class A common stock, and selling 49,979 Class A shares at a weighted average price of $12.3453 on July 23, 2026 under a Rule 10b5-1 trading plan adopted March 5, 2026. Following these sales, he holds 2,381,386 Class A and Class B shares, excluding unexercised options and unvested awards, and 116,829 options remain outstanding from the exercised grant, which expires on May 1, 2027.
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
Goel Rajeev K.
Role
CHIEF EXECUTIVE OFFICER
Sold
49,979 shs ($617K)
Approx. gross sale proceeds
$617K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) F5, F6 | 21,870 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F1 | 21,870 | $2.15 | $47K |
| Conversion | Class B Common Stock F1 | 21,870 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1 | 12,500 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 21,870 | -- | -- |
| Conversion | Class A Common Stock F1 | 12,500 | -- | -- |
| Sale | Class A Common Stock F2, F3, F4 | 49,979 | $12.3453 | $617K |
| holding | Class B Common Stock F1, F7 | -- | -- | -- |
| holding | Class B Common Stock F1, F8 | -- | -- | -- |
| holding | Class B Common Stock F1, F9 | -- | -- | -- |
| holding | Class B Common Stock F1, F10 | -- | -- | -- |
| holding | Class B Common Stock F1, F10 | -- | -- | -- |
| holding | Class B Common Stock F1, F11 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to buy Class B Common Stock) — 116,829 shares (Direct);
Class B Common Stock — 198,484 shares (Direct);
Class A Common Stock — 31,692 shares (Direct);
Class B Common Stock — 2,151,210 shares (Indirect, See footnote)
Footnotes (11)
- F1. 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.
- F2. Following the sales reported in this line item, Mr. Goel holds 2,381,386 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.
- F3. 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.
- F4. Represents the weighted average sale price. The lowest price at which shares were sold was $12.25 and the highest price at which shares were sold was $12.56. 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.
- F5. The options are fully vested.
- F6. Reflects an adjustment to the number of options remaining due to option exercise on November 9, 2020.
- F7. These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. These securities are held by The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries.
Key Figures
Shares sold: 49,979 shares
Weighted average sale price: $12.3453 per share
Options exercised: 21,870 shares
+4 more
7 metrics
Shares sold
49,979 shares
Class A Common Stock sale on 2026-07-23 in open market or private transactions
Weighted average sale price
$12.3453 per share
Class A Common Stock sale; individual prices ranged from $12.25 to $12.56
Options exercised
21,870 shares
Stock Option (right to buy Class B Common Stock) exercised into Class A on 2026-07-23
Option exercise price
$2.15 per share
Exercise price for the 21,870 stock options converted into Class A Common Stock
Options remaining
116,829 options
Stock Option award expiring 2027-05-01 after the reported partial exercise
Post-transaction holdings
2,381,386 shares
Combined Class A and Class B Common Stock held after the reported sales
10b5-1 plan adoption date
March 5, 2026
Date Rajeev Goel adopted the Rule 10b5-1 trading plan governing these sales
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, California Uniform Transfers to Minors Act, pecuniary interest, +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"
California Uniform Transfers to Minors Act regulatory
"held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PubMatic (PUBM) CEO Rajeev Goel report?
Rajeev Goel reported exercising 21,870 stock options, converting Class B into Class A common stock, and selling 49,979 Class A shares on July 23, 2026. The equity sale and related option exercise were executed as part of his disclosed Rule 10b5-1 trading plan.
Were Rajeev Goel’s PubMatic (PUBM) stock sales made under a Rule 10b5-1 plan?
Yes. The filing notes the sales were effected under a Rule 10b5-1 trading plan adopted by Rajeev Goel on March 5, 2026. The Form 4’s Rule 10b5-1 checkbox is also marked, confirming the use of a pre-arranged trading plan for these transactions.
What stock options did Rajeev Goel exercise in this PubMatic (PUBM) filing?
He exercised 21,870 stock options with an exercise price of $2.15 per share, fully vested and from an award expiring May 1, 2027. After this exercise, 116,829 options remain outstanding under the same option grant, according to the derivative transaction disclosure.
Does Rajeev Goel have additional PubMatic (PUBM) interests through trusts or custodial accounts?
Yes. Footnotes describe indirect holdings of PubMatic securities in custodial accounts and various family trusts, some for his children and other beneficiaries. For several of these, Goel disclaims beneficial ownership except to the extent of any pecuniary interest he may have.