Form 4: PubMatic CEO Sells Shares
Insider Transaction (Form 4)
Rajeev K. Goel, CHIEF EXECUTIVE OFFICER, a Director and 10% owner of PubMatic, Inc., sold 13,022 shares of common stock on July 15, 2026.
Summary
- Conversion of derivative: acquired 4,060 Class A Common Stock on July 15, 2026; holds 51,361 after (Direct).
- Open-market sale: disposed of 4,060 Class A Common Stock at $13.90 ($56,448) on July 15, 2026; holds 47,301 after (Direct).
- Conversion of derivative: acquired 8,962 Class A Common Stock on July 16, 2026; holds 56,263 after (Direct).
- Open-market sale: disposed of 8,962 Class A Common Stock at $13.94 ($124,955) on July 16, 2026; holds 47,301 after (Direct).
- Option exercise/conversion: disposed of 4,060 Stock Option (Right to buy Class B Common Stock) on July 15, 2026; holds 320,264 after (Direct).
- Option exercise/conversion: acquired 4,060 Class B Common Stock at $3.89 ($15,793) on July 15, 2026; holds 215,044 after (Direct).
- Conversion of derivative: disposed of 4,060 Class B Common Stock on July 15, 2026; holds 210,984 after (Direct).
- Option exercise/conversion: disposed of 8,962 Stock Option (Right to buy Class B Common Stock) on July 16, 2026; holds 311,302 after (Direct).
- Option exercise/conversion: acquired 8,962 Class B Common Stock at $3.89 ($34,862) on July 16, 2026; holds 219,946 after (Direct).
- Conversion of derivative: disposed of 8,962 Class B Common Stock on July 16, 2026; holds 210,984 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $181,403 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Rajeev K. Goel — Director, Officer (CHIEF EXECUTIVE OFFICER), 10% owner
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-07-15 | Conversion of derivative | Class A Common Stock | 4,060 | — | — | 51,361 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 4,060 | $14 | $56.4K | 47,301 |
| 2026-07-16 | Conversion of derivative | Class A Common Stock | 8,962 | — | — | 56,263 |
| 2026-07-16 | Open-market sale | Class A Common Stock | 8,962 | $14 | $125.0K | 47,301 |
| 2026-07-15 | Option exercise/conversion | Stock Option (Right to buy Class B Common Stock) | 4,060 | — | — | 320,264 |
| 2026-07-15 | Option exercise/conversion | Class B Common Stock | 4,060 | $4 | $15.8K | 215,044 |
| 2026-07-15 | Conversion of derivative | Class B Common Stock | 4,060 | — | — | 210,984 |
| 2026-07-16 | Option exercise/conversion | Stock Option (Right to buy Class B Common Stock) | 8,962 | — | — | 311,302 |
| 2026-07-16 | Option exercise/conversion | Class B Common Stock | 8,962 | $4 | $34.9K | 219,946 |
| 2026-07-16 | Conversion of derivative | Class B Common Stock | 8,962 | — | — | 210,984 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-15 | Conversion of derivative (4,060 shares) |
| 2026-07-15 | Open-market sale (4,060 shares) |
| 2026-07-16 | Conversion of derivative (8,962 shares) |
| 2026-07-16 | Open-market sale (8,962 shares) |
| 2026-07-15 | Option exercise/conversion (4,060 shares) |
| 2026-07-15 | Option exercise/conversion (4,060 shares) |
| 2026-07-15 | Conversion of derivative (4,060 shares) |
| 2026-07-16 | Option exercise/conversion (8,962 shares) |
| 2026-07-16 | Option exercise/conversion (8,962 shares) |
| 2026-07-16 | Conversion of derivative (8,962 shares) |
Keywords
insider transaction, Form 4, PUBM, PubMatic, Inc., bearish, Rajeev K. Goel
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