Form 4: Rubrik CFO Kiran Kumar Choudary Reports Changes in Beneficial Ownership

Rubrik's Chief Financial Officer, Kiran Kumar Choudary, reports the acquisition of restricted stock units and changes in beneficial ownership of Class A Common Stock.

Summary

• Kiran Kumar Choudary, the Chief Financial Officer of Rubrik, Inc., filed a Form 4 with the SEC on April 1, 2025.
• The filing reports a transaction that occurred on March 30, 2025.
• Choudary acquired 201,707 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• These RSUs vest over time, with 2.5% vesting on each of the first four Quarterly Vesting Dates (March 15, June 15, September 15, and December 15) following March 15, 2025.
• The remaining RSUs vest in twelve equal installments on each subsequent Quarterly Vesting Date.
• Vesting is contingent upon Choudary's continuous service with Rubrik.
• Following the reported transaction, Choudary beneficially owns 614,798 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider ownership transparency, which is generally viewed neutrally to positively by investors.

Positives

• The grant of RSUs to the CFO aligns his interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Future Outlook

The vesting schedule of the RSUs extends into the future, contingent on the Reporting Person's Continuous Service.

Industry Context

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

Stakeholder Impact

• The RSU grant aligns the CFO's interests with shareholders, potentially driving long-term value creation.
• The vesting schedule incentivizes the CFO's continued service, providing stability to the company's leadership.

Key Dates

Keywords

Rubrik, Choudary, Kiran Kumar, CFO, Form 4, SEC, Beneficial Ownership, Restricted Stock Units, RSUs, Class A Common Stock, Vesting