Form 4: Rubrik CFO Kiran Kumar Choudary Sells Shares Under 10b5-1 Plan

Rubrik's Chief Financial Officer, Kiran Kumar Choudary, executed multiple sales of Class A Common Stock on May 13th and 14th, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kiran Kumar Choudary, the Chief Financial Officer of Rubrik, Inc., sold shares of Class A Common Stock on May 13 and May 14, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on January 15, 2025.
• On May 13, 2025, 20,000 shares were sold at a weighted average price of $80.04, with individual prices ranging from $80.00 to $80.22.
• On May 14, 2025, two transactions occurred: 3,307 shares were sold at a weighted average price of $83.77 (ranging from $83.39 to $84.38), and 193 shares were sold at a weighted average price of $84.58 (ranging from $84.57 to $84.58).
• Following these transactions, Choudary directly owns 565,165 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative prospects for the company.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information. The market typically views these sales in the context of the overall health and prospects of the company.

Stakeholder Impact

• Shareholders may be interested in insider trading activity as an indicator of management's confidence in the company.
• The sales themselves have a minimal impact on other stakeholders.

Key Dates

Keywords

Form 4, Rubrik, RBRK, Kiran Kumar Choudary, CFO, insider trading, Rule 10b5-1, stock sale, Class A Common Stock