The CEO's $182K open-market sale is small relative to market cap and does not signal material deterioration. Monitor next 10-Q for any fundamental change in revenue or guidance that could explain the timing.
Price Chart
Executive Summary
CEO Rajeev Goel sold $182K worth of PUBM shares and the Chief Accounting Officer sold $9K in a cluster over one week. The CEO's sale is an open-market sell (code S) with no 10b5-1 plan indicated, totaling ~0.06% of market cap — below the 0.1% materiality threshold. The cluster is small in dollar terms and not proportionally significant relative to the company's size, making it routine insider selling.
Key Financial Metrics
Key Facts
- CEO Rajeev Goel sold 10,100 shares at $18.05 for $182K on 2026-09-24
- Chief Accounting Officer Lisa Gimbel sold 500 shares at $18.99 for $9K on 2026-10-01
- Total cluster value: $191K, all open-market sales (code S)
- No 10b5-1 plan indicated for either sale
- Cluster value is ~0.06% of market cap — below the 0.1% materiality threshold
Financial Impact
$191K in total insider sales, representing ~0.06% of market cap
Risk Factors
- CEO selling without a 10b5-1 plan could indicate personal liquidity needs, not a negative signal
- Cluster is too small to draw a bearish conclusion — no material insider conviction
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PUBM-1791236418676 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | Insider Cluster | $16.93 | awaiting T+5 | — | $17.24 (−1.83%) |
Oct 22, 2026 3d ago | 144 | $17.14 | awaiting T+5 | — | $17.24 (+0.58%) |
Oct 2, 2026 23d ago | Insider Cluster | $18.60 $18.52 | ▼ −0.43% | ▼ −0.85% | $17.24 (−7.31%) |
Oct 2, 2026 23d ago | Insider Cluster | $18.60 $18.52 | ▼ −0.43% | ▼ −0.85% | $17.24 (−7.31%) |
Sep 24, 2026 4w ago | ANALYST-UPGRADE | $18.55 $18.73 | ▲ +0.97% | ▲ +1.56% | $17.24 (−7.06%) |
Sep 4, 2026 7w ago | Insider Cluster | $16.29 $16.78 | ▲ +3.01% | ▲ +4.13% | $17.24 (+5.83%) |
Aug 21, 2026 9w ago | Insider Cluster | $16.36 $16.63 | ▼ −1.65% | ▼ −1.18% | $17.24 (−5.38%) |
Aug 18, 2026 9w ago | Insider Cluster | $16.78 $16.25 | ▼ −3.16% | ▼ −2.77% | $17.24 (+2.74%) |
Aug 14, 2026 10w ago | Insider Cluster | $17.27 $16.36 | ▲ +5.27% | ▲ +4.08% | $17.24 (+0.17%) |
Aug 10, 2026 10w ago | Insider Cluster | $17.65 $17.36 | ▼ −1.64% | ▼ −1.24% | $17.24 (−2.32%) |
US Market Status
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