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

Rubrik's Chief Financial Officer, Kiran Kumar Choudary, sold a total of 20,000 Class A Common Stock shares on January 16, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• Kiran Kumar Choudary, Chief Financial Officer of Rubrik, Inc., reported transactions on January 16, 2026.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on October 15, 2025.
• Choudary exercised stock options to acquire 5,000 shares of Class B Common Stock, which were then converted into 5,000 shares of Class A Common Stock.
• Subsequently, Choudary sold a total of 20,000 shares of Class A Common Stock in multiple transactions.
• The sales occurred at weighted average prices of $67.34 (14,373 shares), $68.46 (5,427 shares), and $69.08 (200 shares).
• Following these transactions, Choudary beneficially owns 489,959 shares of Class A Common Stock directly and 41,450 stock options.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving both option exercise and subsequent share sales under a pre-arranged 10b5-1 plan. While insider selling can sometimes be viewed negatively, the pre-planned nature mitigates concerns about immediate market timing. The exercise of options also indicates the executive is realizing value. Overall, the information is neutral in terms of company-specific sentiment.

Positives

• The exercise of stock options indicates the executive is realizing value from their compensation, potentially reflecting confidence in the company's long-term performance up to the point of vesting.
• The transactions were conducted under a Rule 10b5-1 trading plan, which indicates the sales were pre-scheduled and not based on immediate, non-public information.

Negatives

• The sale of 20,000 shares by the Chief Financial Officer could be perceived negatively by some investors, as it reduces the executive's direct equity stake in the company.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, adopted October 15, 2025.
• The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.

Industry Context

This filing reports an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis. Such transactions are common among executives for personal financial planning, diversification, or liquidity.

Stakeholder Impact

• Shareholders: May observe a reduction in the CFO's direct equity stake, but the 10b5-1 plan context suggests a pre-planned financial move rather than a reaction to new negative information.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares sold at each separated price within the reported ranges upon request from the Issuer, any security holder, or the SEC staff.

Key Dates

Recommendation

The filing reports a pre-scheduled sale of shares by a key executive, which is a routine event under a 10b5-1 plan. While insider selling can sometimes be a negative signal, the pre-planned nature mitigates immediate concerns about management's view of future prospects. The exercise of options also indicates the executive is realizing value from their compensation. Without additional company-specific news or broader market context, a 'hold' recommendation is appropriate as this filing alone does not provide a strong directional signal for the stock.

Keywords

Rubrik, RBRK, SEC Form 4, insider trading, stock sale, CFO, 10b5-1 plan, equity, common stock, stock option, executive compensation