Form 4: Rubrik CFO Kiran Kumar Choudary Sells 7,583 Shares of Class A Common Stock

Rubrik's Chief Financial Officer, Kiran Kumar Choudary, executed a sale of 7,583 shares of Class A Common Stock on October 17, 2024, at an average price of $40.14 per share, according to a Form 4 filing with the SEC.

Summary

• On October 17, 2024, Kiran Kumar Choudary, the Chief Financial Officer of Rubrik, Inc., sold 7,583 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $40.14 per share.
• The prices for individual transactions ranged from $40.00 to $40.43 per share.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on July 15, 2024.
• Following the transaction, Choudary directly owns 438,560 shares of Rubrik's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some investors, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates