Form 4: Lightspeed Management Sells Rubrik Shares in Recent Transaction

Lightspeed Management Company, along with Barry Eggers and Peter Nieh, report changes in beneficial ownership of Rubrik, Inc. shares following a transaction on April 15, 2025.

Summary

• On April 15, 2025, Lightspeed Management Company, Barry Eggers, and Peter Nieh reported changes in their beneficial ownership of Rubrik, Inc. shares.
• Lightspeed Management Company sold 13,213 shares of Class A Common Stock at a weighted average price of $62.98.
• The shares were sold in multiple transactions with prices ranging from $62.83 to $63.18.
• Following the transaction, Lightspeed Management Company continues to hold shares directly and indirectly through various investment partnerships.
• Barry Eggers and Peter Nieh also reported their indirect holdings through different investment funds.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a share sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.

Industry Context

This Form 4 filing indicates a change in ownership by a major shareholder, Lightspeed Management, which is common after a company goes public. It's important to monitor these filings to understand the sentiment and actions of significant investors.

Comparison to Industry Standards

• Form 4 filings are standard practice for insiders and major shareholders after transactions in company stock.
• The reported transaction is similar to those of other venture capital firms adjusting their holdings after an IPO, such as Accel Partners' sales in UiPath (PATH) or Sequoia Capital's activity in Snowflake (SNOW).

Stakeholder Impact

• The sale of shares by a major shareholder like Lightspeed Management could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.
• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Rubrik, Lightspeed Management, Beneficial Ownership, Form 4, Share Sale, Eggers, Nieh, RBRK