Welcome to our dedicated page for PubMatic SEC filings (Ticker: PUBM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
PubMatic SEC filings document formal disclosures for an operating advertising technology company listed on Nasdaq under PUBM. Recent 8-K filings cover quarterly and annual operating results, furnished earnings releases, GAAP-to-non-GAAP reconciliations, adjusted EBITDA disclosures, cash flow commentary, share repurchase activity and updates related to AgenticOS and CTV advertising performance.
The company’s proxy materials describe annual meeting matters, director elections, auditor ratification and advisory executive compensation votes. Other current reports address executive leadership transitions and Regulation FD disclosures, including litigation-related communications concerning publisher ad server and ad exchange markets.
PubMatic, Inc. CEO Rajeev K. Goel exercised stock options for 44,000 shares of Class B common stock at $1.11 per share and converted them into 44,000 shares of Class A common stock. Those 44,000 Class A shares were then sold at a weighted average price of $8.0952 per share under a pre-arranged Rule 10b5-1 trading plan, with the sale carried out by The Goel Family Trust. Following these transactions, Mr. Goel is reported as holding a total of 2,362,194 shares of Class A and Class B common stock, including direct and indirect holdings as of the filing date.
PUBM reported proposed dispositions of Common Stock under Form 144 by the Goel Family Trust, covering multiple planned sales of 44,000 shares on several dates in 2026, following an option exercise acquired on 03/09/2026.
The filings list individual sale dates and gross amounts for each 44,000-share block (for example, $385,440 on 01/05/2026 and $387,200 on 03/09/2026), with the broker shown as Goldman Sachs & Co. LLC.
PubMatic Inc — The Vanguard Group filed an amendment to a Schedule 13G/A reporting 0 shares beneficially owned, representing 0% of PubMatic common stock. The filing notes an internal realignment on January 12, 2026 that caused certain Vanguard subsidiaries to report holdings separately.
The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated March 27, 2026. The filing lists voting and dispositive powers as zero across sole and shared categories.
PubMatic, Inc. chief executive Rajeev K. Goel reported an exercise-and-sell transaction involving 44,000 shares tied to stock options. He exercised fully vested options for 44,000 shares of Class B common stock at an exercise price of $1.11 per share, which were then converted into Class A common stock.
The resulting 44,000 Class A shares were sold by The Goel Family Trust at a weighted average price of $8.723 per share, within a range of $8.59 to $8.85, under a Rule 10b5-1 trading plan adopted on March 2, 2025. Following these sales, Mr. Goel reports holding a total of 2,362,194 shares of Class A and Class B common stock, not including unexercised options or unvested equity awards, while the option award used in this transaction remains outstanding until July 7, 2026.
PUBM reported Rule 144 trading activity: a planned sale tied to an option exercise of 44,000 shares (acquired upon exercise on 03/09/2026) and multiple sales by the Goel Family Trust of 44,000 shares on several dates in 2025–2026. The filing lists specific sale dates and share counts, including Goel Family Trust transactions on 12/08/2025, 12/22/2025, 01/05/2026, 01/20/2026, 02/02/2026, and 02/17/2026, each showing 44,000 shares.
PubMatic, Inc. is an independent, AI-powered advertising technology company that runs a global sell-side platform connecting digital publishers with advertisers across display, mobile, video and connected TV. Its mission is to support ad-funded internet content by maximizing publisher monetization and advertiser performance on an omnichannel basis.
The company emphasizes its proprietary cloud infrastructure, early adoption of AI and machine learning, and direct relationships with both publishers and demand-side platforms as key competitive strengths. Growth initiatives focus on CTV, retail and commerce media, SPO agreements, new products such as Connect, Activate, OpenWrap and Convert, and AI-driven offerings like Intelligent Yield and AI Insights.
Major risks include dependence on overall advertising demand, heavy reliance on large DSPs such as Google DV360 and The Trade Desk, evolving privacy and data protection laws, restrictions on cookies and identifiers, rapid AI-driven industry change, infrastructure scaling challenges, and active litigation involving Google that could affect key commercial relationships.
PubMatic reported softer 2025 results but strong cash generation and heavy AI investment. Full-year revenue was $282.9 million, down from $291.3 million in 2024, with gross margin at 64%. The company posted a GAAP net loss of $14.5 million, or $(0.31) per diluted share, versus $12.5 million of net income a year earlier. Adjusted EBITDA was $61.6 million with a 22% margin, down from $92.3 million and a 32% margin.
Despite lower profits, operations remained cash generative: net cash from operating activities reached $81.1 million and free cash flow was $46.2 million, up 32% over 2024. PubMatic ended 2025 with $145.5 million in cash, cash equivalents, and marketable securities and no debt, and repurchased 4.1 million shares in 2025, about 8.1% of fully diluted shares as of December 31, 2025. Fourth-quarter revenue was $80.0 million, down from $85.5 million, with GAAP net income of $6.7 million and adjusted EBITDA of $27.8 million, a 35% margin. For the first quarter of 2026, the company expects revenue of $58–$60 million and adjusted EBITDA between $(0.5) million and $1.0 million.
PubMatic, Inc. reported that Chief Financial Officer Steven Pantelick acquired 316,097 restricted stock units (RSUs) on February 17, 2026 as an equity award. Each RSU represents the right to receive one share of Class A common stock for no consideration when it vests.
The RSUs vest in equal installments of 1/16 of the total shares quarterly, beginning on April 1, 2026, as long as Pantelick continues providing services on each vesting date. The RSUs have no expiration date; they will either vest on schedule or be canceled before vesting.
Goel Amar K. reported acquisition or exercise transactions in this Form 4 filing.
PubMatic, Inc. director and officer Amar K. Goel reported receiving a grant of 138,462 restricted stock units (RSUs). Each RSU represents one share of Class A Common Stock upon vesting for no cash payment.
The RSUs vest in equal installments of 1/16 of the total shares each quarter, beginning on April 1, 2026, as long as Goel continues providing services on each vesting date. The award will either fully vest over time or be canceled before vesting; RSUs do not have an expiration date.
PubMatic, Inc. CEO Rajeev K. Goel reported several equity transactions involving company stock. He exercised stock options for 44,000 shares of Class B common stock at a $1.11 exercise price and related derivative conversions increased his directly held Class B shares to 254,984 and then 210,984 shares in separate line items.
He also received a grant of 694,017 restricted stock units (RSUs), each representing one share of Class A common stock, scheduled to vest in 16 equal quarterly installments beginning on April 1, 2026, subject to continued service. Separately, 44,000 shares of Class A common stock were sold at a weighted average price of $6.2782 per share, within a range of $6.155 to $6.51.
According to the footnotes, these 44,000 shares were transferred to and sold by The Goel Family Trust under a Rule 10b5-1 trading plan adopted on March 2, 2025. Following these sales, Mr. Goel holds a combined 2,362,194 shares of Class A and Class B common stock, excluding options and unvested equity awards, as of the filing date.