Form 4: PubMatic Insider Sells Shares Under 10b5-1 Plan

A PubMatic director and officer sold 7,158 shares of Class A Common Stock for approximately $8.73 per share under a pre-arranged trading plan.

Summary

• Amar K. Goel, a Director, 10% Owner, Chairman, and Chief Innovation Officer of PubMatic, Inc. (PUBM), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 7,158 shares of Class A Common Stock.
• The shares were sold on January 6, 2026, at a weighted average price of $8.7329 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Goel on June 3, 2025.
• The individual share prices for the sale ranged from $8.64 to $8.82, inclusive.
• Following this transaction, Amar K. Goel beneficially owns 12,496 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: Neutral, as it reports a pre-scheduled insider sale under a 10b5-1 plan, which is a routine disclosure and does not inherently indicate positive or negative sentiment about the company's future.

Stakeholder Impact

• Shareholders might view this as a routine liquidity event or diversification strategy by a key insider, especially given the pre-arranged 10b5-1 trading plan.

Key Dates

Recommendation

The filing reports a pre-scheduled sale of shares by a director and officer under a Rule 10b5-1 trading plan. Such sales are often for personal financial planning or diversification and do not necessarily reflect a change in the insider's view of the company's prospects. Without additional information on company performance or market conditions, this routine disclosure alone does not warrant a change from a 'hold' recommendation.

Keywords

PubMatic, PUBM, Form 4, Insider Sale, Amar K. Goel, 10b5-1 plan, Class A Common Stock, Director, Officer, Chairman, Chief Innovation Officer