Goel Family Trust linked to PubMatic (PUBM) sells 44K shares after option exercise
Rhea-AI Filing Summary
PubMatic, Inc. chief executive Rajeev K. Goel reported an exercise-and-sell transaction involving 44,000 shares tied to stock options. He exercised fully vested options for 44,000 shares of Class B common stock at an exercise price of $1.11 per share, which were then converted into Class A common stock.
The resulting 44,000 Class A shares were sold by The Goel Family Trust at a weighted average price of $8.723 per share, within a range of $8.59 to $8.85, under a Rule 10b5-1 trading plan adopted on March 2, 2025. Following these sales, Mr. Goel reports holding a total of 2,362,194 shares of Class A and Class B common stock, not including unexercised options or unvested equity awards, while the option award used in this transaction remains outstanding until July 7, 2026.
Positive
- None.
Negative
- None.
Insights
Routine option exercise and pre-planned trust sale with large remaining stake.
The transactions show Rajeev K. Goel exercising fully vested stock options for 44,000 Class B shares at an exercise price of $1.11, converting them into Class A stock, and having those 44,000 Class A shares sold by The Goel Family Trust.
The sale occurred at a weighted average price of $8.723 per share, within an $8.59–$8.85 range, under a Rule 10b5-1 trading plan adopted on March 2, 2025. Such pre-planned trades are typically set in advance and often reflect portfolio diversification or liquidity needs rather than near-term views on the stock.
After these transactions, a footnote states that Mr. Goel still holds 2,362,194 shares of Class A and Class B common stock as of the filing date, excluding unexercised options and unvested awards. Given the relatively small 44,000-share sale versus this total position, the activity appears routine and does not on its own signal a major change in insider sentiment.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy Class B Common Stock) | 44,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 44,000 | $1.11 | $49K |
| Conversion | Class B Common Stock | 44,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 44,000 | $0.00 | -- |
| Sale | Class A Common Stock | 44,000 | $8.723 | $384K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Each share of Class B common stock held by the Issuer's executive officers, directors and their respective affiliates will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers. Following the sales reported in this line item, Mr. Goel holds 2,362,194 shares of Class A Common Stock and Class B Common Stock, which figure does not reflect vested but unexercised options, unvested options, or unvested restricted stock units, each as of the date of filing. The option award under which these shares were exercised expires on July 7, 2026. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 2, 2025. These securities were transferred by the Reporting Person to The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries, and were sold by the Goel Family Trust as reported herein. Represents the weighted average sale price. The lowest price at which shares were sold was $8.59 and the highest price at which shares were sold was $8.85. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. The options are fully vested. These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act. These securities are held by The Goel Heritage Trust, of which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. These securities are held by The Goel Family Gift Trust, of which family members and certain other individuals are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. These securities are held by a trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. These securities are held by The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries.
