PUBM PubMatic, Inc. Insider Trading

PubM CEO Goel sells 76,030 shares for $1,044,396.87 under 10b5-1 plan; retains substantial derivative holdings.

Rajeev K. Goel, CEO of PubMatic, executed 3 separate sales totaling 76,030 shares for $1,044,396.87 across two trading days (July 1–2, 2026) at an average price of $13.74. This transaction was part of a pre-arranged 10b5-1 trading plan adopted on 2026-03-05, making it scheduled rather than discretionary. His non-derivative holdings declined from 123,331 shares to 47,301 shares (-61.6%), though his overall position remains substantial when including derivative securities totaling 2,434,842 shares. The sales occurred as PubMatic reports negative earnings ($-12,510,000.00 net income in the latest quarter) and annual revenue contraction of -2.9%, creating a backdrop of operational underperformance. His prior sales at PUBM have shown mixed timing: five earlier trades at this ticker produced 30-day returns ranging from -38.9% to +12.0%, with three of five showing negative 30-day outcomes.

CEO Rajeev K. Goel sold 69,333 shares in 2 separate transactions totaling $605,509.40; holds zero shares post-sale but filing flags derivative securities not yet visible.

Rajeev K. Goel, Chief Executive Officer, executed 2 separate sales on 2026-01-02 (25,333 shares at $8.61) and 2026-01-05 (44,000 shares at $8.80), reducing his open-market holdings from 69,333 shares to zero. The filing carries a derivative-conversion flag indicating that his actual position includes unconverted derivative securities not yet populated in the database, so the zero post-transaction share count does not represent a complete exit from economic exposure. His cross-ticker track record shows a 60.00% well-timed selling rate (90-day returns negative 60% of the time after his prior sells), while at PUBM specifically his timing has been mixed: 3 of 5 prior sells were well-timed at the 90-day mark. Stock is trading at $8.76, down 48.9% from its 52-week high of $17.14 and 4.6% lower over the past month, despite annual revenue growth of 9.1%. The company reported negative net income of $-6,452,000.00 in the latest quarter on revenue of $67,960,000.00.

CEO Rajeev K. Goel sells 44,000 shares of PUBM at $12.80; converts derivative securities (Table II position not yet disclosed).

Rajeev K. Goel, CEO of PubMatic, Inc., sold 44,000 shares at $12.80 on 2025-07-21, with a total value of $563,252.80. The filing contains a derivative-conversion transaction, meaning the insider's actual position is documented in Form 4 Table II (derivative securities), which remains unpopulated in the current database; the Table I "0 shares post-transaction" figure does not reflect the full position, and this should be understood as a conversion or exercise of derivatives rather than a complete exit. Prior trades at PUBM show inconsistent timing: of 3 measurable 90-day outcomes at this ticker, none were well-timed (all yielded positive returns, meaning the stock rose after the insider sold). The stock has risen 28.7% over 90 days and 14.1% over 30 days from the transaction date, placing it -44.3% below its 52-week high of $22.78 despite the recent rally. Fundamentally, PubMatic reported a net loss of $-9,486,000.00 against revenue of $63,825,000.00 in the latest quarter, with a P/E of 50.72, underscoring continued operational challenges even as the equity has recovered.

CEO Rajeev K. Goel sells 44,000 PUBM shares at $12.53; position reduced 100% post-transaction per Table I

CEO Rajeev K. Goel sold 44,000 shares (44.0K shares) at $12.53 on 2025-07-07 for $551,381.60 ($551.4K), leaving 0 shares post-transaction per Table I. However, a FLAG indicates this is a derivative-conversion transaction; the insider's real position lives in Form 4 Table II (derivative securities), which is not yet populated in the database, so the Table I zero should not be interpreted as a complete exit. At the prior PUBM trades at this ticker, only 1 of 4 measurable 90-day outcomes was well-timed (negative 90d return), and only on the 2024-10-02 and 2024-10-01 sales which each posted +0.7% and +1.7% respectively, suggesting the insider has not historically timed exits from this equity well. The company carries a 54.32 P/E on negative net income of $-9.5M last quarter, though annual revenue growth stands at +9.1%.

PUBM CEO Rajeev K. Goel sold 44,000 shares at $12.13 for $533,600; stock now down 49.3% from 52-week high of $22.78.

CEO Rajeev K. Goel sold 44,000 shares of PubMatic at $12.13 on 2025-06-09 via conversion of derivative securities. This action requires scrutiny because the stock is trading at $11.54, down 49.3% from its 52-week high of $22.78, while the company is unprofitable (net income of $-9,486,000 in the latest quarter) despite year-over-year revenue growth of 9.1%. Notably, Goel's prior sales at this ticker show mixed timing: of 5 prior trades, only 1 demonstrated well-timed positioning at the 90-day mark, and his most recent two sales (2025-04-02 and 2025-04-01) lack measurable 90-day outcomes yet. His cross-ticker track record shows a 60.00% well-timed sell rate with an average 90-day return of -9.9%, suggesting selective success in identifying downturns. The derivative-conversion nature of this transaction means holdings may exist in Table II (derivative securities), so this sale should not be interpreted as a full position liquidation.

CEO Goel sold 58,213 shares in 2 transactions at $9.14–$9.31; stock now at $8.37, -65.2% from 52-week high.

CEO Rajeev K. Goel executed 2 separate sales totaling 58,213 shares for $537,610.85 on April 1–2, 2025, at prices $9.14 and $9.31, reducing his holdings by 64.3% to 32,304 shares. The stock has fallen -21.2% in 30 days and -45.4% in 90 days since the sale, currently trading at $8.37 and down 65.2% from its 52-week high of $24.02. Goel's cross-ticker track record shows a 60% well-timed rate on sells (higher is better for short-term selling), with an average 90-day post-sale return of -9.9%; his prior 5 sales at PubMatic saw 3 of 5 achieve negative 90-day returns. The company reports a net loss of $912.0K in the latest quarter against revenue of $71.8M and a P/E of 33.48, alongside annual revenue growth of 9.1%. The timing of this large partial reduction, combined with the subsequent steep stock decline, aligns with Goel's pattern of well-timed exits at this ticker, warranting investor attention to the underlying business deterioration or valuation concerns that may have prompted the sale.

PubMatic CEO Rajeev K. Goel sells 49,468 shares (67.1% of holdings) for $716,988.02 in Oct 2024

Rajeev K. Goel, PubMatic's Chief Executive Officer, executed 2 separate sales totaling 49,468 shares for $716,988.02 across October 1–2, 2024, reducing his holdings from 73,690 shares to 24,222 shares (a 67.1% reduction). The sale prices ($14.46 and $14.52 on Oct 1–2) represent a blended average of $14.49, and are notably above the current price of $14.36. At the same-ticker level, all 5 of Goel's prior PUBM sales demonstrated negative 90-day returns (ranging from -10.4% to -29.0%), indicating a pattern of well-timed exits before downturns; the stock is now -40.2% from its 52-week high and down 27.6% over 90 days. The company's valuation metrics show elevated P/E of 84.47 against modest fundamentals (latest quarterly net income of $1,971,000.00 on revenue of $67,267,000.00, with annual growth of only +4.2%). This filing contains a derivative-conversion transaction; the CEO's complete position is not fully visible in Table I, and this sale should be read as a partial liquidation of a specific batch rather than an exit from all derivative holdings.

PubMatic CEO Rajeev K. Goel sold 50,978 shares for $1,032,257.69 in two transactions at blended average $20.25.

Rajeev K. Goel, Chief Executive Officer of PubMatic, executed 2 separate sales totaling 50,978 shares for $1,032,257.69 on 2024-07-01 and 2024-07-02, reducing his holdings to 0 shares (Table I). The FLAG indicates this transaction involves a conversion of derivative securities; the insider's actual position resides in Table II (derivative holdings), which is not yet populated in the database—this is not necessarily a complete exit of all beneficial ownership. At the ticker level, Goel's prior 5 trades at PUBM show 2 of 3 measurable 90-day outcomes were well-timed sells (the stock declined 10.4% and 12.3% after those sales), though his two most recent PUBM sales on 2024-06-03 show early weakness (-2.8% and -6.0% at 30 days, with 90-day outcomes still pending). The current stock price of $20.67 sits 14.0% below the 52-week high of $24.02 and 11.7% lower than 90 days ago, while the company posted a loss of $-2.5M on quarterly revenue of $66.7M and carries a trailing P/E of 121.59.