This insider cluster is too small in dollar terms to warrant a trading response. Monitor for any material insider buying or larger sales (>0.5% of market cap) that would signal a change in insider sentiment. The next quarterly earnings release will be the next meaningful catalyst.
Price Chart
Executive Summary
Two PubMatic insiders, including Chairman/Chief Innovation Officer Goel Amar K., sold shares in a cluster totaling ~$115K. Goel's sale of ~$107K followed a derivative exercise at $2.15/share, representing a routine cashless exercise-and-sell pattern. The total dollar value is only ~0.015% of PubMatic's $773M market cap, making this a trivial, non-material event. No bearish signal from this cluster.
Key Financial Metrics
Key Facts
- Chairman/Chief Innovation Officer Goel Amar K. sold 6,250 shares at $17.04 for ~$107K on 2026-09-03, following a derivative exercise at $2.15/share.
- Chief Accounting Officer Gimbel Lisa sold 500 shares at $16.43 for ~$8K on 2026-09-01.
- Total cluster value of ~$115K represents only ~0.015% of PubMatic's $773M market cap.
- Goel's sale is a routine cashless exercise-and-sell pattern, not an open-market disposition of existing shares.
- No open-market purchases in the cluster; net direction is selling.
Financial Impact
~$115K in insider sales, ~0.015% of market cap
Risk Factors
- Insider sales could accelerate if management perceives headwinds in the ad-tech sector.
- The cluster is too small to be informative; over-interpreting it could lead to false signals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PUBM-1788555866070 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 8d ago | ANALYST-UPGRADE | $18.55 $18.73 | ▲ +0.97% | ▲ +1.56% | $19.18 (+3.40%) |
Sep 4, 2026 28d ago | Insider Cluster | $16.29 $16.78 | ▲ +3.01% | ▲ +4.13% | $19.18 (+17.74%) |
Aug 21, 2026 6w ago | Insider Cluster | $16.36 $16.63 | ▼ −1.65% | ▼ −1.18% | $19.18 (−17.24%) |
Aug 18, 2026 6w ago | Insider Cluster | $16.78 $16.25 | ▼ −3.16% | ▼ −2.77% | $19.18 (+14.30%) |
Aug 14, 2026 7w ago | Insider Cluster | $17.59 $16.41 | ▲ +6.71% | ▲ +5.34% | $19.18 (−9.04%) |
Aug 10, 2026 7w ago | Insider Cluster | $17.65 $17.36 | ▼ −1.64% | ▼ −1.24% | $19.18 (+8.67%) |
Jul 27, 2026 9w ago | Insider Cluster | $13.03 $12.96 | ▲ +0.54% | ▲ +2.81% | $19.18 (−47.20%) |
Jul 17, 2026 11w ago | Insider Cluster | $12.73 $12.30 | ▼ −3.38% | ▼ −2.69% | $19.18 (+50.67%) |
Jul 6, 2026 12w ago | Insider Cluster | $13.32 $13.69 | ▲ +2.78% | ▲ +2.23% | $19.18 (+43.99%) |
Jun 11, 2026 16w ago | Institutional Cluster | $11.27 $11.30 | ▲ +0.27% | ▼ −0.17% | $19.18 (+70.19%) |
US Market Status
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