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

Rubrik Inc.'s Chief Financial Officer, Kiran Kumar Choudary, executed a pre-planned sale of Class A Common Stock on January 7, 2026, following the exercise of stock options.

Summary

• Kiran Kumar Choudary, Chief Financial Officer of Rubrik, Inc. (RBRK), reported transactions on January 7, 2026.
• The CFO exercised 2,000 stock options (right to buy) at a price of $7.99 per share, converting them into 2,000 shares of Class B Common Stock.
• Concurrently, 2,000 shares of Class B Common Stock were converted into 2,000 shares of Class A Common Stock.
• Following the conversion, the CFO disposed of a total of 3,500 shares of Class A Common Stock through multiple transactions.
• The sales included 1,900 shares at a weighted average price of $75.49 (ranging from $75.39 to $76.08), 1,500 shares at a weighted average price of $77.02 (ranging from $76.48 to $77.41), and 100 shares at $77.50.
• All reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted on January 15, 2025.
• After these transactions, the reporting person beneficially owns 504,959 shares of Class A Common Stock directly and 46,450 stock options (right to buy) directly.

Sentiment

Score: 5

Explanation: The filing reports a pre-planned insider transaction (exercise and sale) under a Rule 10b5-1 plan, which is a routine event and does not inherently indicate positive or negative sentiment regarding the company's future prospects.

Positives

• The exercise of stock options at a strike price of $7.99 indicates a significant in-the-money position, reflecting value creation for the option holder.
• The transactions were executed under a Rule 10b5-1 trading plan, which demonstrates pre-planning and adherence to regulatory guidelines for insider trading.

Negatives

• The sale of 3,500 shares by a key executive, even if pre-planned, could be perceived by some investors as a lack of confidence, although this is often a routine part of personal financial management.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports a routine insider transaction, which is common across all industries for executives managing their personal equity holdings, especially when executed under a pre-established 10b5-1 trading plan.

Stakeholder Impact

• Shareholders: May note the insider sale, but the pre-planned nature under a 10b5-1 plan typically mitigates concerns about its implications for company performance.

Key Dates

Recommendation

The reported transactions are routine insider sales executed under a pre-established Rule 10b5-1 trading plan. Such plans are designed to allow insiders to sell shares without being accused of trading on material non-public information. While insider selling can sometimes be viewed negatively, the pre-planned nature of these transactions suggests they are for personal financial management rather than a reflection of a negative outlook on the company. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide new information to alter the investment thesis.

Keywords

Rubrik, RBRK, Form 4, Insider Trading, Stock Sale, CFO, 10b5-1 Plan, Class A Common Stock, Stock Options, Executive Compensation