Form 4: Lightspeed Affiliates Report In-Kind Distribution of Rubrik, Inc. Shares

Lightspeed SPV I, LLC and related entities report an in-kind distribution of Rubrik, Inc. Class A and Class B Common Stock, resulting in changes in beneficial ownership.

Summary

• Lightspeed SPV I, LLC, along with affiliated entities and individuals, filed a Form 4 with the SEC on March 27, 2025, detailing changes in beneficial ownership of Rubrik, Inc. (RBRK) Class A and Class B Common Stock.
• The transactions involve an in-kind distribution of shares by various Lightspeed entities to their respective partners or members without direct consideration.
• This distribution resulted in adjustments to the direct and indirect ownership of Rubrik's stock among the reporting persons.
• The reporting persons include Lightspeed SPV I, LLC, Lightspeed SPV I-B, LLC, Lightspeed SPV I-C, LLC, LS SPV Management, LLC, Barry Eggers, and Peter Nieh.
• The filing covers transactions occurring on March 25, 2025.
• The filing is split into two forms due to the SEC's EDGAR system limit of 10 reporting persons per form.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock ownership changes, with no inherent positive or negative sentiment. It's a factual report of transactions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The in-kind distribution may have a minor impact on shareholders due to the redistribution of shares among Lightspeed's entities.
• The filing provides transparency to stakeholders regarding the ownership structure of Rubrik, Inc.

Key Dates

Keywords

Form 4, Rubrik, Lightspeed, Beneficial Ownership, In-Kind Distribution, Class A Common Stock, Class B Common Stock, SEC Filing, RBRK