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

Rubrik's Chief Financial Officer, Kiran Kumar Choudary, executed planned sales of Class A Common Stock totaling 3,500 shares on December 9, 2025, following the exercise of stock options.

Summary

• Kiran Kumar Choudary, Rubrik Inc.'s Chief Financial Officer, engaged in several transactions on December 9, 2025.
• Exercised 2,000 stock options (Right to Buy) at an exercise price of $7.99 per share, which vested according to a schedule starting August 20, 2019.
• Converted 2,000 shares of Class B Common Stock into 2,000 shares of Class A Common Stock.
• Sold a total of 3,500 shares of Class A Common Stock through multiple transactions.
• The sales were executed at weighted average prices ranging from $89.01 to $92.14 per share.
• All reported sales were made pursuant to a Rule 10b5-1 trading plan adopted on January 15, 2025.
• Following these transactions, Kiran Kumar Choudary beneficially owns 507,551 shares of Class A Common Stock and 50,450 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (option exercise, conversion, and sales) conducted under a pre-arranged 10b5-1 trading plan. This is a neutral event, as it reflects personal financial management rather than a direct statement on the company's performance or outlook.

Positives

• The transactions were executed under a Rule 10b5-1 trading plan, which indicates pre-planning and reduces concerns about opportunistic insider trading.
• The exercise of stock options suggests the executive is realizing value from their equity compensation.

Negatives

• The sale of 3,500 shares by a key executive, even if pre-planned, represents a reduction in their direct ownership of Class A Common Stock.

Future Outlook

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

Industry Context

Insider transactions, particularly those executed under Rule 10b5-1 plans, are a common practice for executives to manage their personal finances and diversify their holdings without concerns of trading on material non-public information. These transactions are routine and generally do not reflect a change in the company's operational or strategic direction.

Stakeholder Impact

• Shareholders: The sale of shares by a CFO, even if planned, slightly reduces insider ownership. However, given the pre-arranged nature, it is unlikely to significantly impact investor sentiment or the company's stock price.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

The filing details a routine, pre-planned insider transaction by the CFO, involving the exercise of stock options and subsequent sale of a portion of the resulting shares under a Rule 10b5-1 plan. Such transactions are common for executives managing their equity compensation and typically do not indicate a change in the company's fundamental outlook. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide new information to alter an existing investment thesis.

Keywords

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