Form 4: PubMatic Director Amar K. Goel Sells Shares Under 10b5-1 Trading Plan

Amar K. Goel, a director and officer of PubMatic, Inc., sold 3,633 shares of Class A Common Stock on January 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On January 3, 2025, Amar K. Goel, Chairman and Chief Innovation Officer of PubMatic, Inc., sold 3,633 shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 5, 2023.
• The shares were sold at a weighted average price of $15.1446, with individual prices ranging from $14.91 to $15.36.
• Following the transaction, Goel directly owns 10,411 shares of PubMatic's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative view of the company's prospects by the reporting person.

Industry Context

Sales by company insiders are routinely monitored by investors. Sales under 10b5-1 plans are generally viewed as less impactful than discretionary sales, as they are pre-arranged.

Stakeholder Impact

• The sale of shares by a director may be perceived neutrally by shareholders, given the pre-arranged nature of the 10b5-1 trading plan.

Key Dates