Form 4: Lightspeed Venture Partners Adjusts Rubrik Holdings Through In-Kind Distributions

Ravi Mhatre, a director at Rubrik, reports changes in beneficial ownership of Class A and Class B Common Stock due to in-kind distributions by Lightspeed Venture Partners and related entities.

Summary

• Ravi Mhatre, a director of Rubrik, filed a Form 4 detailing changes in beneficial ownership of Rubrik's Class A and Class B Common Stock on March 25, 2025.
• The changes involve in-kind distributions of shares by Lightspeed Venture Partners and its affiliated entities to their respective partners and members.
• These distributions did not involve a sale or transfer for consideration, but rather a redistribution of existing holdings.
• The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
• The transactions involve multiple entities including Lightspeed Venture Partners IX, L.P., Lightspeed Venture Partners Select II, L.P., Lightspeed SPV I, LLC, and others.
• The form details both acquisitions and dispositions of shares as a result of these distributions, with no monetary value exchanged.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports changes in stock ownership due to internal restructuring within investment firms.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The in-kind distribution may have a minor impact on shareholders due to the redistribution of shares among Lightspeed's partners, but it does not represent a dilution of shares or a change in the company's fundamentals.

Key Dates

Keywords

Form 4, Rubrik, Lightspeed Venture Partners, Ravi Mhatre, Beneficial Ownership, In-Kind Distribution, Class A Common Stock, Class B Common Stock