Pubmatic, Inc. SEC Filings

PubMatic, Inc. (PUBM) – Form 4 insider transaction summary: Chief Growth Officer Paulina Klimenko reported routine RSU vesting and related share sales.

• Vesting: On 07/01/2025, 21,335 Class A shares were acquired upon the automatic conversion of four RSU tranches at a $0 exercise price (code “M”).
• Sell-to-cover: On 07/02/2025, 8,147 shares were sold at a weighted-average price of $12.56 (range $12.23-$12.71) solely to cover withholding taxes (code “S”).
• Net share change: Direct holdings increased by 13,188 shares to 51,780.
• Remaining equity incentives: Klimenko still holds 184,243 unvested RSUs across four awards, each vesting quarterly through 2028.

The filing reflects normal compensation-related activity, not an open-market disposition. No new options or cash transactions affecting PubMatic’s balance sheet are involved.

Form 4 filing for PubMatic, Inc. (PUBM) dated 07/03/2025 details routine equity transactions by Mukul Kumar, President of Engineering.

• RSU settlement: On 07/01/2025, four tranches of restricted stock units (total 13,861 shares) vested and were converted into Class A common stock at no cost (code “M”).
• Share sale: On 07/02/2025, Kumar executed a “sell-to-cover” transaction (code “S”) disposing of 5,366 shares at a weighted-average price of $12.5633 to satisfy tax-withholding obligations.
• Post-transaction holdings: Direct ownership stands at 68,960 Class A shares. The officer also retains 46,484 unvested RSUs across multiple awards.

No options, debt, or material corporate developments are disclosed. The filing reflects ordinary course vesting and tax settlement rather than directional trading, and the net increase in share ownership (≈ 8,495 shares) suggests continued alignment with shareholders. Overall impact on PUBM’s investment thesis is neutral.

PubMatic, Inc. (PUBM) – Form 4 insider filing (07/03/2025)

General Counsel & Secretary Andrew Woods reported routine equity activity tied to restricted stock unit (RSU) vesting:

• 11,496 Class A shares were acquired on 07/01/2025 through automatic RSU settlement (transaction code M) at $0 cost.
• 4,084 shares were immediately sold on 07/02/2025 at a weighted-average $12.5633 to cover statutory tax-withholding obligations via a “sell-to-cover” arrangement.
• Post-transactions, Woods’ direct ownership stands at 44,130 Class A shares; he also retains unvested RSUs representing the right to acquire an additional 100,000-plus shares across four award buckets (20,195; 7,505; 33,967; 39,333 units).

The filing reflects scheduled vesting under previously granted equity awards rather than discretionary buying or selling. No new option grants, open-market purchases, or substantive disposals were disclosed.

PubMatic, Inc. (PUBM) – Form 4 insider transaction

Chairman & Chief Innovation Officer Amar K. Goel reported the automatic conversion (code M) of 12,437 Class A shares on 07/01/2025 following the vesting of several restricted-stock-unit (RSU) grants. To cover the associated tax-withholding obligations, Goel executed a "sell-to-cover" sale of 4,417 shares on 07/02/2025 at a weighted-average price of $12.56 per share (price range: $12.23-$12.71). After these transactions, the insider directly owns 20,516 Class A shares and retains sizable unvested RSU positions (aggregate lines show 5,985; 12,180; 41,687; and 45,433 units outstanding).

The filing reflects routine equity-compensation vesting and tax settlement rather than discretionary open-market selling. No new options or derivative instruments were issued, and the insider remains a significant equity holder.

PubMatic, Inc. (PUBM) – Form 4 insider transaction summary for CFO Steven Pantelick

Between 1-3 July 2025, Mr. Pantelick reported several equity movements stemming from routine RSU vesting, tax-related sales and a Rule 10b5-1 trading plan:

• RSU vesting/option exercise (Code M): 30,964 Class A shares were automatically acquired on 1 July at $0 cost, increasing direct holdings to 57,990 shares immediately after the transaction.
• Withholding sale (Code S): On 2 July, 15,598 Class A shares were sold at a $12.5366 weighted-average price to cover tax obligations generated by the RSU vesting.
• Class B conversion (Code C): On 3 July, 4,000 Class B shares converted to Class A, incurring no cash consideration.
• Rule 10b5-1 sale (Code S): Also on 3 July, 15,690 Class A shares were sold under a pre-arranged trading plan at a $12.8248 weighted-average price.

After the transactions, the CFO directly owns 30,702 Class A shares. In addition, he holds 103,696 unvested RSUs and retains indirect economic interest in ~230,000+ Class B shares through family and LLC entities, which automatically convert to Class A upon disposition.

Takeaway for investors: The net sale of 31,288 shares (~$0.4 million) represents tax-withholding and a pre-scheduled disposition, limiting the informational content of the sales. The executive’s remaining direct and indirect stakes suggest continued alignment with shareholder interests, so overall impact is viewed as neutral.

PubMatic (NASDAQ:PUBM) filed a routine Form 4 disclosing that CEO Rajeev Goel exercised 44,000 stock options at $1.11 per share and immediately sold 44,000 Class A shares at a weighted-average price of $11.02 under a Rule 10b5-1 plan. The sale represents <2% of his 2.36 million-share beneficial ownership and is therefore not considered material.