SCHEDULE 13G/A: Khosla Ventures Updates Stake in Rubrik, Inc. with Amended SEC Filing
Beneficial Ownership Statement
Khosla Ventures and its affiliates, including Vinod Khosla, have filed an amended Schedule 13G, reporting their beneficial ownership in Rubrik, Inc. Class A Common Stock, primarily through convertible Class B shares.
Summary
- This filing is an Amendment No. 1 to Schedule 13G for Rubrik, Inc. (CUSIP: 781154109), filed by Khosla Ventures V, L.P., Khosla Ventures Associates V, LLC, Khosla Ventures VI, L.P., Khosla Ventures Associates VI, LLC, VK Services, LLC, and Vinod Khosla (collectively, "Reporting Persons").
- The filing reports beneficial ownership of Rubrik, Inc.'s Class A Common Stock as of December 31, 2024.
- Vinod Khosla and VK Services, LLC are reported to beneficially own an aggregate of 1,956,551 shares of Class A Common Stock, representing 2.2% of the class.
- Khosla Ventures VI, L.P. and Khosla Ventures Associates VI, LLC each beneficially own 1,061,400 shares, representing 1.2% of the Class A Common Stock.
- Khosla Ventures V, L.P. and Khosla Ventures Associates V, LLC report 0.00 beneficial ownership.
- All beneficially owned shares are Class B Common Stock, convertible into Class A Common Stock on a one-to-one basis at the holder's option.
- The percentages are calculated based on 87,102,908 shares of Class A Common Stock outstanding as of November 30, 2024, as disclosed in Rubrik's Form 10-Q filed on December 12, 2024.
- The Reporting Persons explicitly state they do not constitute a "group" for the purposes of this Schedule 13G.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine beneficial ownership disclosure and does not contain performance or strategic updates for the issuer.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes held by institutional investors and their principals, which can influence perceptions of corporate control and investor confidence.
Key Dates
| Date | Description |
|---|---|
| 2024-11-30 | Date as of which 87,102,908 shares of Rubrik's Class A Common Stock were outstanding, used for percentage calculation. |
| 2024-12-12 | Date Rubrik, Inc. filed its Quarterly Report on Form 10-Q, which provided the outstanding share count. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-02-14 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Rubrik, Khosla Ventures, SEC filing, Schedule 13G, beneficial ownership, Class A Common Stock, Class B Common Stock, Vinod Khosla, institutional ownership, venture capital
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