<SEC-DOCUMENT>0001833511-26-000010.txt : 20260311
<SEC-HEADER>0001833511-26-000010.hdr.sgml : 20260311
<ACCEPTANCE-DATETIME>20260311181016
ACCESSION NUMBER:		0001833511-26-000010
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260309
FILED AS OF DATE:		20260311
DATE AS OF CHANGE:		20260311

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Goel Rajeev K.
		CENTRAL INDEX KEY:			0001833511
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39748
		FILM NUMBER:		26744792

	MAIL ADDRESS:	
		STREET 1:		C/O PUBMATIC, INC.
		STREET 2:		3 LAGOON DRIVE, SUITE 180
		CITY:			REDWOOD CITY
		STATE:			CA
		ZIP:			94065

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PubMatic, Inc.
		CENTRAL INDEX KEY:			0001422930
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		ORGANIZATION NAME:           	06 Technology
		EIN:				205863224
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		601 MARSHALL STREET
		CITY:			REDWOOD CITY
		STATE:			CA
		ZIP:			94063
		BUSINESS PHONE:		650-331-3485

	MAIL ADDRESS:	
		STREET 1:		601 MARSHALL STREET
		CITY:			REDWOOD CITY
		STATE:			CA
		ZIP:			94063

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUBMATIC, INC.
		DATE OF NAME CHANGE:	20140306

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Komli Inc
		DATE OF NAME CHANGE:	20080107
</SEC-HEADER>
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        <issuerName>PubMatic, Inc.</issuerName>
        <issuerTradingSymbol>PUBM</issuerTradingSymbol>
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            <rptOwnerName>Goel Rajeev K.</rptOwnerName>
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            <rptOwnerStreet2>601 MARSHALL STREET</rptOwnerStreet2>
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            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94063</rptOwnerZipCode>
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    <footnotes>
        <footnote id="F1">Each share of Class B common stock held by the Issuer's executive officers, directors and their respective affiliates will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers.</footnote>
        <footnote id="F2">Following the sales reported in this line item, Mr. Goel holds 2,362,194 shares of Class A Common Stock and Class B Common Stock, which figure does not reflect vested but unexercised options, unvested options, or unvested restricted stock units, each as of the date of filing.  The option award under which these shares were exercised expires on July 7, 2026.</footnote>
        <footnote id="F3">The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 2, 2025.</footnote>
        <footnote id="F4">These securities were transferred by the Reporting Person to The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries, and were sold by the Goel Family Trust as reported herein.</footnote>
        <footnote id="F5">Represents the weighted average sale price. The lowest price at which shares were sold was $8.59 and the highest price at which shares were sold was $8.85. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.</footnote>
        <footnote id="F6">The options are fully vested.</footnote>
        <footnote id="F7">These securities are held by the Reporting Person, as custodian for the benefit of his children under the California Uniform Transfers to Minors Act.</footnote>
        <footnote id="F8">These securities are held by The Goel Heritage Trust, of which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F9">These securities are held by The Goel Family Gift Trust, of which family members and certain other individuals are beneficiaries. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F10">These securities are held by a trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F11">These securities are held by The Goel Family Trust, of which the Reporting Person and his spouse are beneficiaries.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Andrew Woods, Attorney-in-Fact</signatureName>
        <signatureDate>2026-03-11</signatureDate>
    </ownerSignature>
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