PubMatic (PUBM) CEO Rajeev Goel Sells 211,302 Shares

What Happened

• Rajeev K. Goel, CEO of PubMatic (PUBM), exercised/converted derivative securities and sold the resulting 211,302 shares in an open-market transaction on August 7, 2026. The shares were acquired via option exercise/conversion at $3.89 per share (cost $821,965) and sold at an average price of $17.74 per share for proceeds of $3,749,427.
• The filing shows a sequence of derivative conversions and option exercises that resulted in the acquisition and immediate disposition of the same 211,302 shares (i.e., exercise/convert then sale).

Key Details

• Transaction date: 2026-08-07.
• Shares sold: 211,302; weighted average sale price: $17.74; price range: $17.6284–$17.9125; gross proceeds: $3,749,427 (F4).
• Option exercise/derivative acquisition: 211,302 shares at $3.89 per share; exercise cost shown $821,965 (M entry).
• Reporting method: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted March 5, 2026 (F3).
• Shares held after transaction: 2,381,386 shares of Class A and Class B common stock (does not include unvested options/RSUs) (F2). The related option award expires May 1, 2027 (F2); options are fully vested (F5).
• Several holdings are in family/trust vehicles (e.g., The Goel Family Trust) and subject to disclaimers of beneficial ownership (F10, F7–F9).

Context

• This was effectively a same‑day exercise/conversion followed by an immediate sale (a common liquidity transaction). Because the sale was executed under a pre-established 10b5‑1 plan, it indicates the trades were scheduled in advance rather than timed to inside knowledge.
• These transactions represent a sale (not a purchase). For retail investors, routine insider sales for liquidity or tax purposes are common and do not necessarily signal a change in company outlook.