Form 4: Rubrik CFO Executes Pre-Arranged Stock Sales Totaling Over $300,000

Rubrik Inc.'s Chief Financial Officer, Kiran Kumar Choudary, sold 3,500 shares of Class A Common Stock for approximately $308,873 on June 11, 2025, as part of a pre-established 10b5-1 trading plan.

Summary

• Kiran Kumar Choudary, Chief Financial Officer of Rubrik, Inc. (RBRK), reported changes in his beneficial ownership of company securities.
• On June 11, 2025, Mr. Choudary acquired 2,000 shares of Class A Common Stock through the exercise of stock options at an exercise price of $7.99 per share.
• These options were part of a grant where 1/4 of the shares vested on August 20, 2019, and 1/48 vested monthly thereafter.
• Concurrently, Mr. Choudary disposed of a total of 3,500 shares of Class A Common Stock through sales.
• The sales included 1,900 shares at a weighted average price of $87.76, 1,500 shares at a weighted average price of $88.77, and 100 shares at $89.74.
• The total value of the Class A Common Stock sold amounted to approximately $308,873.
• All reported sales were executed pursuant to a Rule 10b5-1 trading plan, which was adopted on January 15, 2025.
• Following these transactions, Mr. Choudary's direct beneficial ownership of Class A Common Stock is 524,165 shares, and he holds 74,450 Stock Options (Right to Buy).

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (option exercise and subsequent sale) conducted under a pre-arranged 10b5-1 plan, which typically indicates a neutral sentiment as it's not based on new material non-public information. The significant gain on exercised options is a positive for the insider, but the sale itself is a planned reduction in stake.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, adopted well in advance on January 15, 2025, which indicates the transactions were pre-scheduled and not based on new, non-public information.
• The exercise of stock options at a price of $7.99, followed by sales at prices ranging from $86.96 to $89.74, demonstrates a significant unrealized gain on the options, reflecting positively on the company's stock performance since the option grant.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market, as it reduces the insider's direct stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report specific to Rubrik, Inc. and its Chief Financial Officer. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The sale of shares by a CFO, even if pre-planned, might lead to minor concerns about insider confidence, but the 10b5-1 plan mitigates the perception of opportunistic selling. The significant profit from option exercise highlights the value creation for insiders.

Next Steps

• Continued monthly vesting of remaining stock options (1/48 of shares subject to option).

Key Dates

Recommendation

Keywords

Rubrik, RBRK, SEC Form 4, Insider Trading, Stock Sale, CFO, Kiran Kumar Choudary, 10b5-1 Plan, Stock Options, Beneficial Ownership