Form 4: Lightspeed Venture Partners Distributes Rubrik Shares In-Kind

Lightspeed Venture Partners and affiliated entities distributed Rubrik, Inc. shares in-kind to their respective partners and members on March 25, 2025.

Summary

• Lightspeed Venture Partners IX, L.P. and related entities, including Lightspeed General Partner IX, L.P., Lightspeed Ultimate General Partner IX, Ltd., and others, reported changes in beneficial ownership of Rubrik, Inc. shares.
• The transactions, which occurred on March 25, 2025, involved in-kind distributions of Class A Common Stock and Class B Common Stock to partners and members of the Lightspeed entities.
• The distributions were made without consideration.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their respective pecuniary interest therein.
• Ravi Mhatre, a director of Rubrik, Inc., signed the Form 4 on behalf of the reporting entities.

Sentiment

Score: 5

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

Industry Context

Venture capital firms often distribute shares to their limited partners as part of fund liquidation or portfolio management strategies.

Stakeholder Impact

• The distribution of shares may increase the float of Rubrik's stock.
• The distribution of shares may impact the ownership structure of Rubrik.

Key Dates

Keywords

Rubrik, Lightspeed Venture Partners, beneficial ownership, Form 4, in-kind distribution, Class A Common Stock, Class B Common Stock, securities, transaction