GOEL RAJEEV K. (Chief Executive Officer) sold 65.59K shares of PUBMATIC, INC. on the open market

Open‑market sale worth $477.3K. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

GOEL RAJEEV K.

Filed: 2/2/2026ACC: 0001833511-26-000006

InsiderGOEL RAJEEV K.CIK 1833511

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IssuerPUBMATIC, INC.CIK 1422930

DirectorOfficer10% Owner· Chief Executive Officer

Since Dec 2020

-65.59K

Net shares

Net seller

$477.3K

Total sold

Open market trades

0B · 2S

Total transactions

88.98K acquired · 154.57K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+42.20K

Price / share

—

Trade value

—

% of position

New position

1/29/2026

0.00→42.20K

Class A Common Stock

Direct

S · Sale

−21.59K

Price / share

$7.32

Trade value

$157.98K

% of position

51.2%

1/30/2026

42.20K→20.61K

Class A Common Stock

Direct

C · Conversion

+23.39K

Price / share

—

Trade value

—

% of position

113.5%

2/2/2026

20.61K→44K

Class A Common Stock

Direct

S · Sale

−44K

Price / share

$7.26

Trade value

$319.27K

% of position

New position

2/2/2026

44K→0.00

Total

Net shares

+0.00

Net value

-$477.25K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	1/29/2026	M · Option Exercise	+42.20K	—	—	New position	0.00	42.20K
Class A Common Stock Direct	1/30/2026	S · Sale	−21.59K	$7.32	$157.98K	51.2%	42.20K	20.61K
Class A Common Stock Direct	2/2/2026	C · Conversion	+23.39K	—	—	113.5%	20.61K	44K
Class A Common Stock Direct	2/2/2026	S · Sale	−44K	$7.26	$319.27K	New position	44K	0.00
Total			+0.00		-$477.25K

Derivative Transactions4

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Class A Common Stock

42.20K shares

−42.20K

Strike price

Held after

0.00

Exercisable

—

1/29/2026

Stock Option (Right to buy Class B Common Stock)

Direct

M · Option Exercise

Converts to

Class B Common Stock

23.39K shares

−23.39K

Strike price

1.11

Held after

245.46K

Exercisable

—

2/2/2026

Class B Common Stock

Direct

M · Option Exercise

Converts to

Class B Common Stock

23.39K shares

+23.39K

Strike price

Held after

234.37K

Exercisable

—

2/2/2026

Class B Common Stock

Direct

C · Conversion

Converts to

Class A Common Stock

23.39K shares

−23.39K

Strike price

Held after

210.98K

Exercisable

—

2/2/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Unit Direct	Class A Common Stock42.20K shares	1/29/2026	M · Option Exercise	−42.20K	0	—	0.00
Stock Option (Right to buy Class B Common Stock) Direct	Class B Common Stock23.39K shares	2/2/2026	M · Option Exercise	−23.39K	1.11	—	245.46K
Class B Common Stock Direct	Class B Common Stock23.39K shares	2/2/2026	M · Option Exercise	+23.39K		—	234.37K
Class B Common Stock Direct	Class A Common Stock23.39K shares	2/2/2026	C · Conversion	−23.39K		—	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

581.26K

Shares owned

581.26K

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

68.62K

Shares owned

68.62K

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

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

—

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	—	—	581.26K	581.26K
Class B Common Stock Indirect	Class A Common Stock	—	—	483.78K	483.78K
Class B Common Stock Indirect	Class A Common Stock	—	—	68.62K	68.62K
Class B Common Stock Indirect	Class A Common Stock	—	—	308.77K	308.77K
Class B Common Stock Indirect	Class A Common Stock	—	—	400K	400K
Class B Common Stock Indirect	Class A Common Stock	—	—	308.77K	308.77K
Total				2.15M	2.15M