Rajeev K. Goel, the Chief Executive Officer of PubMatic, Inc. (NASDAQ:PUBM), executed a series of share divestments totaling $1,044,396 across July 1 and July 2, 2026. The transactions involved the sale of Class A Common Stock at prices ranging from $13.50 to $13.97 per share. These sales were conducted through The Goel Family Trust, an entity for which Mr. Goel and his spouse serve as beneficiaries, and were structured under a Rule 10b5-1 trading plan adopted on March 5, 2026. Prior to executing the sales on July 1, Mr. Goel acquired an equivalent number of Class A shares through the conversion of Class B Common Stock, which originated from the exercise of stock options at an exercise price of $3.89.
On July 1, 2026, Mr. Goel disposed of 17,176 shares of Class A Common Stock. These shares were sold at a weighted average price of $13.9142, with individual sales occurring between $13.90 and $13.97. The transaction was executed by The Goel Family Trust under the aforementioned Rule 10b5-1 plan. Prior to this sale, Mr. Goel acquired an equivalent number of Class A shares through the conversion of Class B Common Stock, which originated from the exercise of stock options at an exercise price of $3.89.
Further transactions occurred on July 2. Mr. Goel sold 50,354 shares of Class A Common Stock at a weighted average price of $13.6485, with prices ranging from $13.50 to $13.89. These sales were specifically undertaken to cover tax withholding obligations associated with the vesting and settlement of restricted stock units (RSUs). Additionally, 8,500 shares of Class A Common Stock were sold at $13.90 per share. Similar to the July 1 transaction, these shares were transferred to and sold by The Goel Family Trust, also pursuant to a Rule 10b5-1 trading plan. This sale followed Mr. Goel’s acquisition of 8,500 Class A shares through the conversion of Class B Common Stock, which stemmed from the exercise of stock options at an exercise price of $3.89.
Other notable acquisitions during this period include 97,655 shares of Class A Common Stock on July 1, resulting from the vesting of restricted stock units. Following these transactions, Mr. Goel directly holds 47,301 shares of Class A Common Stock. His total direct and indirect holdings in Class A and Class B Common Stock amount to 2,409,495 shares, which does not include vested but unexercised options, unvested options, or unvested restricted stock units. The option award related to some of the exercised shares expires on May 1, 2027.
Mr. Goel also maintains indirect ownership of Class B Common Stock through various family trusts and custodian accounts. These include 581,260 shares held as custodian for his children, 68,616 shares held by The Goel Family Gift Trust, 400,000 shares held by The Goel Heritage Trust, 617,550 shares held by trusts for the benefit of his child, and 483,784 shares held by The Goel Family Trust. Mr. Goel disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest. Each share of Class B common stock held by the Issuer’s executive officers, directors, and their respective affiliates automatically converts into one share of Class A common stock upon most transfers.
In other recent news, PubMatic reported its first-quarter 2026 earnings, which exceeded analyst expectations. The company achieved an earnings per share (EPS) of -$0.11, significantly better than the forecasted -$0.33. PubMatic’s revenue also surpassed projections, reaching $62.6 million compared to the expected $58.99 million. Additionally, PubMatic launched its Creator Marketplace for connected TV advertising, partnering with MeatEater as its inaugural partner. In Spain, PubMatic executed its first agentic advertising campaign for Movistar, utilizing its AI operating system, AgenticOS, in collaboration with Havas Media Network. Furthermore, the company introduced Decision Fabric, a containerization layer allowing ad tech partners to run decisioning models within its auction infrastructure. This new capability is being piloted by inPowered AI, MiQ, Chalice AI, and SWYM.AI. These developments highlight PubMatic’s ongoing efforts to innovate and expand its offerings in the advertising technology space.