Form 4: Asheem Chandna Reports Pro-Rata Distribution of Rubrik, Inc. Shares

Asheem Chandna, a director and 10% owner of Rubrik, Inc., reports a pro-rata, in-kind distribution of Class A Common Stock by Greylock Partners and affiliated entities.

Summary

• Asheem Chandna, a director and 10% owner of Rubrik, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates a pro-rata, in-kind distribution of Class A Common Stock by Greylock Partners and affiliated funds to their respective partners, members, and/or assigns.
• These distributions were made without additional consideration and are exempt under Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934.
• Chandna's direct holdings increased by 283,943 shares, while indirect holdings through various Greylock entities decreased due to the distribution.
• The report also reflects acquisitions of shares by trusts associated with Chandna as a result of the distribution.

Sentiment

Score: 6

Explanation: The document is neutral in tone, simply reporting a distribution of shares. It doesn't inherently suggest positive or negative sentiment regarding the company's performance.

Positives

• The pro-rata distribution suggests a continued alignment of interests between Greylock Partners and its investors with Rubrik's performance.
• The increased direct holdings of Asheem Chandna may signal confidence in Rubrik's future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a restructuring of share ownership within Greylock Partners' investment in Rubrik.

Stakeholder Impact

• The pro-rata distribution may have a minor impact on the shareholder base, as shares are redistributed among existing investors within the Greylock network.

Key Dates

Keywords

Form 4, Rubrik, Asheem Chandna, Greylock Partners, Beneficial Ownership, Distribution, Class A Common Stock