Kumar Mukul

On April 1, 2026, Mukul Kumar exercised PubMatic options across five tranches totaling 39,948 shares — and the following day, sold just 7,830 of them, at $8.1733. Roughly 80% of the exercised shares were retained rather than immediately monetized, a genuinely different pattern from the same-day exercise-convert-sell chains that dominate much of PubMatic insider activity. A separate, smaller mechanism recurs monthly: a fixed 8,000-share block exercised at a $2.15 strike, converted, and sold the same day — in July 2026 at $13.6681, up from $11.9625 in June and $8.1733 in April, tracing a real 67.3% rally in that specific tranche's sale price over three months.