Insider Trading April 3, 2026

PubMatic General Counsel Sells Shares to Cover RSU Taxes After Option Exercise

Andrew Woods disposes of 5,710 Class A shares following option exercises and RSU settlement; company posts strong Q4 2025 results and analysts expect 2026 profitability

By Caleb Monroe PUBM
PubMatic General Counsel Sells Shares to Cover RSU Taxes After Option Exercise
PUBM

Andrew Woods, PubMatic's General Counsel and Secretary, sold 5,710 shares of Class A common stock on April 2, 2026 to satisfy tax withholding linked to the vesting and settlement of restricted stock units. The transaction followed an April 1 activity in which he exercised options and converted RSUs. PubMatic reported robust Q4 2025 results with growth in Connected TV and mobile app segments and introduced new AI-driven solutions; analysts project a return to profitability in 2026 with EPS of $0.09.

Key Points

  • Andrew Woods sold 5,710 shares of PubMatic Class A Common Stock on April 2, 2026, for roughly $46,669 at a weighted average price of $8.1733 (individual prices $7.98–$8.27).
  • On April 1, 2026, Woods exercised options to acquire 15,823 shares and converted several restricted stock units into shares at a price of $0; after the April 2 sale he directly owns 69,882 Class A shares.
  • PubMatic reported strong Q4 2025 results with growth in Connected TV and mobile app segments and launched AI-driven solutions; analysts forecast a return to profitability in 2026 with EPS of $0.09, and the next earnings report is scheduled for May 7.

Andrew Woods, who serves as General Counsel and Secretary at PubMatic (NASDAQ: PUBM), completed a stock sale on April 2, 2026, disposing of 5,710 shares of Class A Common Stock. The proceeds from that sale totaled approximately $46,669, reflecting a weighted average sale price of $8.1733 per share. Individual sale prices recorded for the transaction ranged from $7.98 to $8.27.

The sale was made specifically to satisfy tax withholding obligations that arose when restricted stock units vested and were settled. After the April 2 transaction, Woods' direct holdings in PubMatic Class A Common Stock stood at 69,882 shares.

The sale followed related equity activity the previous day. On April 1, 2026, Woods exercised options enabling the acquisition of 15,823 shares of Class A Common Stock and also converted several restricted stock units into shares. Those conversions and exercises were executed at a price of $0.

Market observers have noted the company’s forward-looking expectations. Analysts are forecasting that PubMatic will return to profitability in 2026, with projected earnings per share of $0.09. PubMatic's next scheduled earnings release is set for May 7.

In corporate reporting, PubMatic disclosed strong financial results for the fourth quarter of 2025. The company said it experienced notable expansion in its Connected TV and mobile app segments and that the introduction of new AI-driven solutions contributed to its performance during the quarter. These developments have been received positively in the market, and analysts have pointed to the company’s growth trajectory as a factor supporting investor confidence.

During the earnings call for the quarter, management emphasized a strategic focus on innovation within the business areas highlighted by the results. PubMatic’s reported performance and product launches were presented as evidence of the company’s commitment to enhancing its technological offerings.


This report summarizes the insider transaction by PubMatic’s general counsel alongside recent company results and analyst expectations, and it notes the timing of upcoming corporate disclosures that investors may consider when assessing the company’s near-term outlook.

Risks

  • Analysts' projection that PubMatic will return to profitability in 2026 with EPS of $0.09 represents a future expectation that may not materialize as forecasted - impacting investors and financial markets.
  • PubMatic’s recent performance and market reception are tied to growth in Connected TV and mobile app segments and adoption of new AI-driven solutions, creating business and execution risks if those areas underperform - affecting digital advertising and ad-tech markets.
  • Upcoming corporate disclosures, including the May 7 earnings report, introduce short-term uncertainty for shareholders and market participants awaiting updated financial results and guidance.

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