Form 4: PubMatic CEO Rajeev Goel Sells 7,500 Shares of Class A Common Stock

PubMatic's CEO, Rajeev K. Goel, sold 7,500 shares of Class A Common Stock on March 4, 2024, at a weighted average price of $20.9588 per share, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Rajeev K. Goel, CEO of PubMatic, Inc., reported the sale of 7,500 shares of Class A Common Stock on March 4, 2024.
• The shares were sold at a weighted average price of $20.9588, with individual prices ranging from $20.84 to $21.13.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on March 1, 2023.
• Following the transaction, Mr. Goel directly owns no shares, but indirectly owns shares through The Goel Family Trust.
• Andrew Woods, Attorney-in-Fact, signed the Form 4 on March 5, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The sale is conducted under a pre-arranged plan, which mitigates concerns about negative insider sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their potential impact on the market. Investors often monitor these filings to gain insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, although the pre-planned nature of the sale mitigates potential concerns.
• Employees may be indirectly affected by changes in stock price, but the impact is likely minimal given the nature of the transaction.

Key Dates