Mukul Kumar - 01 Jan 2026 Form 4 Insider Report for PubMatic, Inc. (PUBM)

Signature
/s/ Andrew Woods, Attorney-in-Fact
Issuer symbol
PUBM
Transactions as of
01 Jan 2026
Net transactions value
-$48,000
Form type
4
Filing time
05 Jan 2026, 19:20:23 UTC
Previous filing
03 Oct 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kumar Mukul PRESIDENT, ENGINEERING C/O PUBMATIC, INC., 601 MARSHALL STREET, REDWOOD CITY /s/ Andrew Woods, Attorney-in-Fact 05 Jan 2026 0001833462

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PUBM Class A Common Stock Options Exercise $0 +13,862 +18% $0.000000 92,914 01 Jan 2026 Direct F1
transaction PUBM Class A Common Stock Sale $48,000 -5,573 -6% $8.61 87,341 01 Jan 2026 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PUBM Restricted Stock Unit Options Exercise $0 -2,247 -100% $0.000000 0 01 Jan 2026 Class A Common Stock 2,247 $0.000000 Direct F4, F5, F6
transaction PUBM Restricted Stock Unit Options Exercise $0 -4,280 -20% $0.000000 17,117 01 Jan 2026 Class A Common Stock 4,280 $0.000000 Direct F4, F6, F7
transaction PUBM Restricted Stock Unit Options Exercise $0 -4,015 -11% $0.000000 32,114 01 Jan 2026 Class A Common Stock 4,015 $0.000000 Direct F4, F6, F8
transaction PUBM Restricted Stock Unit Options Exercise $0 -3,320 -7.7% $0.000000 39,844 01 Jan 2026 Class A Common Stock 3,320 $0.000000 Direct F4, F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,067 shares of Class A common stock acquired by the Reporting Person on May 30, 2025 and 592 shares of Class A common stock acquired by the Reporting Person on November 28, 2025 pursuant to the Issuer's employee stock purchase plan.
F2 The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs"). The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F3 The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $8.44 to $8.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein with regard to the block trades.
F4 Each RSU represents a right to receive one share of the Issuer's Class A Common Stock at the time of settlement for no consideration.
F5 The RSUs vested as to 1/16th of the total shares on April 1, 2022, and 1/16th of the total shares vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F6 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F7 The RSUs vested as to 1/16th of the total award on April 1, 2023, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F8 The RSUs vested as to 1/16th of the total shares on April 1, 2024, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F9 The RSUs vested as to 1/16th of the total shares on April 1, 2025, and 1/16th of the total shares will vest quarterly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.