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

Rubrik's Chief Financial Officer, Kiran Kumar Choudary, has sold a significant number of Class A common stock shares through a pre-arranged trading plan.

Summary

• Kiran Kumar Choudary, Chief Financial Officer of Rubrik, Inc., executed a series of transactions on April 7, 2026.
• These transactions involved the sale of Class A Common Stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on October 15, 2025.
• A total of 19,100 shares were sold across multiple transactions at weighted average prices ranging from $49.90 to $53.18.
• Following these sales, Choudary beneficially owns 549,901 shares of Class A Common Stock.
• Additionally, Choudary acquired 5,000 shares of Class B Common Stock via stock options and also acquired 5,000 shares of Class A Common Stock.
• Class B Common Stock is convertible into Class A Common Stock under certain conditions.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as slightly negative due to the significant volume of stock sold by a key executive, despite the transactions being conducted under a Rule 10b5-1 plan.

Positives

• The sales were executed under a Rule 10b5-1 trading plan, indicating pre-planned and potentially non-insider trading related activity.
• The reporting person continues to hold a substantial number of shares (549,901) after the reported transactions.

Negatives

• A significant number of shares (19,100) were sold by a key executive.
• The sales represent a notable disposition of stock by the Chief Financial Officer.

Risks

• The sale of a large number of shares by a high-ranking executive could be perceived negatively by the market, potentially impacting share price.
• While executed under a 10b5-1 plan, the sheer volume of sales might raise questions about the executive's confidence in future stock performance.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance. It solely reports on past transactions.

Management Comments

• 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 the footnotes.

Industry Context

StockSavvy.ai notes that insider selling, even under a 10b5-1 plan, can sometimes be interpreted by the market as a lack of confidence, although the existence of the plan itself is designed to mitigate this perception by demonstrating pre-planned transactions.

Stakeholder Impact

• Shareholders: May view the significant sale by the CFO with concern, potentially leading to short-term share price pressure.
• Employees: May interpret the sale as a signal about the executive's outlook on the company's stock.
• Management: The CFO's actions are subject to scrutiny and may influence other executives' trading decisions.

Next Steps

• The reporting person may continue to execute transactions under the Rule 10b5-1 plan.
• The company may need to address any market perception arising from the executive's stock sales.

Key Dates

Recommendation

The filing reports on insider stock sales under a pre-arranged plan, which is a routine event. While the volume of sales by the CFO warrants attention, the existence of the 10b5-1 plan suggests these are pre-determined transactions. Without further negative financial or operational news, a 'hold' recommendation is appropriate, advising investors to monitor future filings and company performance.

Keywords

Rubrik, RBRK, Form 4, Insider Trading, Stock Sale, Kiran Kumar Choudary, CFO, Rule 10b5-1, Class A Common Stock, Class B Common Stock, Stock Options