Form 4: Rubrik CFO Kiran Kumar Choudary Reports Stock Transactions
SEC Form 4 Filing
CFO Kiran Kumar Choudary reports acquisition and disposal of Rubrik Class A Common Stock and conversion of Restricted Stock Units into Class B Common Stock.
Summary
- Kiran Kumar Choudary, CFO of Rubrik, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On September 26, 2024, Choudary acquired 101,875 shares of Class A Common Stock at $0 and disposed of 51,924 shares at $31.4095.
- These transactions resulted in Choudary owning 545,284 shares of Class A Common Stock and 493,360 shares of Class A Common Stock following the reported transactions.
- The transactions included the vesting of Restricted Stock Units (RSUs) and the conversion of Class B Common Stock into Class A Common Stock.
- Some shares were sold to cover tax obligations related to the vesting of RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions may provide insights into management's perspective on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 2020-12-15 | 1/16 of the shares subject to one RSU vested. |
| 2022-06-15 | 1/16 of the shares subject to another RSU vested. |
| 2024-09-20 | 367 additional shares of Class A Common Stock acquired under the Rubrik, Inc. 2024 Employee Stock Purchase Plan. |
| 2024-09-26 | Date of earliest transaction: acquisition and disposal of shares, conversion of RSUs. |
| 2024-09-30 | Date of signature for the Form 4 filing. |
| 2027-11-19 | Expiration date for some Restricted Stock Units. |
| 2029-04-13 | Expiration date for some Restricted Stock Units. |
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