Form 4: Greylock Partner Asheem Chandna Reports Beneficial Ownership Changes in Rubrik, Inc. Following IPO

Asheem Chandna, a director and 10% owner of Rubrik, Inc., reports changes in beneficial ownership following the company's initial public offering, including the conversion of preferred stock into Class B Common Stock.

Summary

• Asheem Chandna, affiliated with Greylock Partners, filed a Form 4 reporting changes in beneficial ownership of Rubrik, Inc. securities on May 1, 2024.
• The report details the conversion of Series B, C, D, and E Preferred Stock into Class B Common Stock on April 29, 2024, immediately prior to Rubrik's IPO.
• These conversions occurred on a one-for-one basis.
• The report also indicates the indirect ownership of Class A Common Stock through various Greylock entities.
• Chandna disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice following an IPO, providing transparency into the ownership structure of the newly public company.

Stakeholder Impact

• Shareholders are informed about the ownership structure and changes following the IPO.

Key Dates