Executive at PubMatic, Inc. (PUBM) awarded 133,761 restricted stock units

Rhea-AI Filing Summary

Kumar Mukul reported acquisition or exercise transactions in this Form 4 filing.

PubMatic, Inc. reported that President of Engineering Mukul Kumar received a grant of 133,761 Restricted Stock Units (RSUs). Each RSU represents a right to receive one share of PubMatic’s Class A common stock upon vesting for no cash payment.

The RSUs vest in equal installments of 1/16 of the total shares on a quarterly basis, beginning on April 1, 2026, as long as Kumar continues providing service to the company on each vesting date. The RSUs do not have an expiration date; they will either vest under these terms or be canceled before vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kumar Mukul

Role PRESIDENT, ENGINEERING

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	133,761	$0.00	--

Holdings After Transaction: Restricted Stock Units — 133,761 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's Class A Common Stock at the time of vesting for no consideration. The RSUs vest as to 1/16 of the total shares quarterly beginning on April 1, 2026, subject to the Reporting Person's provision of service to the Issuer on each vesting date. RSUs do not expire; they either vest or are canceled prior to the vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kumar Mukul

(Last) (First) (Middle)

C/O PUBMATIC, INC.

601 MARSHALL STREET

(Street)

REDWOOD CITY CA 94063

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PubMatic, Inc. [ PUBM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT, ENGINEERING

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/17/2026		A		133,761		(2)	(3)	Class A Common Stock	133,761	$0	133,761	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's Class A Common Stock at the time of vesting for no consideration.

2. The RSUs vest as to 1/16 of the total shares quarterly beginning on April 1, 2026, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

3. RSUs do not expire; they either vest or are canceled prior to the vesting date.

	/s/ Andrew Woods, Attorney-in-Fact	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did PubMatic (PUBM) report for Mukul Kumar?

PubMatic reported that President of Engineering Mukul Kumar received a grant of 133,761 restricted stock units. These RSUs give him the right to receive an equal number of Class A common shares upon vesting, without paying cash at vesting.

How many RSUs were granted to PubMatic executive Mukul Kumar?

Mukul Kumar was granted 133,761 restricted stock units. Each RSU corresponds to one share of PubMatic’s Class A common stock, so the award represents potential delivery of 133,761 shares if all vesting conditions are satisfied over time.

What is the vesting schedule for Mukul Kumar’s PubMatic RSUs?

The RSUs vest as to 1/16 of the total shares on a quarterly basis starting April 1, 2026. Vesting requires that Mukul Kumar continue providing service to PubMatic on each scheduled vesting date for the corresponding portion to be delivered.

Do the PubMatic RSUs granted to Mukul Kumar have an expiration date?

The RSUs do not expire on a fixed date. Instead, they either vest according to the quarterly schedule starting April 1, 2026, while service continues, or are canceled before vesting if conditions are not met, as described in the award terms.

What does each PubMatic RSU granted to Mukul Kumar represent?

Each restricted stock unit represents a right to receive one share of PubMatic’s Class A common stock upon vesting. No cash consideration is required at vesting, meaning shares are delivered if conditions are satisfied under the award agreement.

How many shares will Mukul Kumar hold after this PubMatic RSU grant?

Following the grant, the Form 4 shows Mukul Kumar holding 133,761 restricted stock units. These units represent potential future shares of Class A common stock, delivered only if the RSUs vest under the stated quarterly schedule and service conditions.