GOEL RAJEEV K. (Chief Executive Officer) sold 44K shares of PUBMATIC, INC. on the open market

Open‑market sale worth $332.1K. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

GOEL RAJEEV K.

Filed: 1/22/2026ACC: 0001833511-26-000004

InsiderGOEL RAJEEV K.CIK 1833511

→

IssuerPUBMATIC, INC.CIK 1422930

DirectorOfficer10% Owner· Chief Executive Officer

Since Dec 2020

-44K

Net shares

Net seller

$332.1K

Total sold

Open market trades

0B · 1S

Total transactions

88K acquired · 132K disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

C · Conversion

+44K

Price / share

—

Trade value

—

% of position

New position

1/20/2026

0.00→44K

Class A Common Stock

Direct

S · Sale

−44K

Price / share

$7.55

Trade value

$332.06K

% of position

New position

1/20/2026

44K→0.00

Total

Net shares

+0.00

Net value

-$332.06K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	1/20/2026	C · Conversion	+44K	—	—	New position	0.00	44K
Class A Common Stock Direct	1/20/2026	S · Sale	−44K	$7.55	$332.06K	New position	44K	0.00
Total			+0.00		-$332.06K

Derivative Transactions3

Stock Option (Right to buy Class B Common Stock)

Direct

M · Option Exercise

Converts to

Class B Common Stock

44K shares

−44K

Strike price

1.11

Held after

268.85K

Exercisable

—

1/20/2026

Class B Common Stock

Direct

M · Option Exercise

Converts to

Class B Common Stock

44K shares

+44K

Strike price

Held after

254.98K

Exercisable

—

1/20/2026

Class B Common Stock

Direct

C · Conversion

Converts to

Class A Common Stock

44K shares

−44K

Strike price

Held after

210.98K

Exercisable

—

1/20/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to buy Class B Common Stock) Direct	Class B Common Stock44K shares	1/20/2026	M · Option Exercise	−44K	1.11	—	268.85K
Class B Common Stock Direct	Class B Common Stock44K shares	1/20/2026	M · Option Exercise	+44K		—	254.98K
Class B Common Stock Direct	Class A Common Stock44K shares	1/20/2026	C · Conversion	−44K		—	210.98K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

308.77K

Shares owned

308.77K

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

483.78K

Shares owned

483.78K

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

400K

Shares owned

400K

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

308.77K

Shares owned

308.77K

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

68.62K

Shares owned

68.62K

Exercise price

Expiration

—

Exercise window

—

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

581.26K

Shares owned

581.26K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

2.15M

Owned

2.15M

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Class B Common Stock Indirect	Class A Common Stock	—	—	308.77K	308.77K
Class B Common Stock Indirect	Class A Common Stock	—	—	483.78K	483.78K
Class B Common Stock Indirect	Class A Common Stock	—	—	400K	400K
Class B Common Stock Indirect	Class A Common Stock	—	—	308.77K	308.77K
Class B Common Stock Indirect	Class A Common Stock	—	—	68.62K	68.62K
Class B Common Stock Indirect	Class A Common Stock	—	—	581.26K	581.26K
Total				2.15M	2.15M