Form 4: Rubrik CFO Sells Shares Under Pre-Arranged Trading Plan

Rubrik Inc.'s Chief Financial Officer, Kiran Kumar Choudary, reported the sale of 3,500 shares of Class A Common Stock for $91 per share, alongside the exercise of stock options and conversion of Class B shares, all executed on June 25, 2025, under a Rule 10b5-1 trading plan.

Summary

• Kiran Kumar Choudary, Chief Financial Officer of Rubrik, Inc. (RBRK), reported transactions involving the company's Class A and Class B Common Stock.
• On June 25, 2025, Mr. Choudary acquired 2,000 shares of Class A Common Stock through the conversion of Class B Common Stock at a price of $0.
• Concurrently, he disposed of 3,500 shares of Class A Common Stock at a price of $91 per share.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted on January 15, 2025.
• Mr. Choudary also exercised stock options (Right to Buy) for 2,000 shares of Class B Common Stock at an exercise price of $7.99 per share on the same date.
• Following these transactions, Mr. Choudary beneficially owns 523,095 shares of Class A Common Stock and 72,450 stock options (Right to Buy) for Class B Common Stock.
• The Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis upon sale or transfer, or at the option of the reporting person.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be viewed negatively, the fact that it was conducted under a pre-arranged Rule 10b5-1 plan mitigates concerns that it's based on new, adverse information. The exercise of options also indicates the realization of value.

Positives

• The exercise of stock options indicates that the CFO is realizing value from previously granted equity, which can be a positive sign of personal confidence in the company's long-term prospects.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which suggests the sale was not based on new, non-public information and is part of a planned liquidity or diversification strategy.

Negatives

• The sale of 3,500 shares of Class A Common Stock by a key executive like the CFO could be perceived negatively by some investors, as it reduces their direct equity stake in the company.

Future Outlook

This SEC Form 4 filing details past transactions and does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of insider trading activity, specifically stock transactions by a corporate officer. It does not provide information on broader industry trends or competitive landscape, but rather reflects an individual executive's equity management strategy.

Stakeholder Impact

• Shareholders: May observe the CFO's reduction in direct equity holdings, though the 10b5-1 plan context suggests it's a planned event rather than a signal of lack of confidence.
• Employees: No direct impact mentioned, but general perception of executive stock transactions can influence morale.

Key Dates

Keywords

Rubrik Inc., RBRK, SEC Form 4, Insider Trading, Stock Options, Class A Common Stock, Class B Common Stock, Rule 10b5-1 Plan, Chief Financial Officer, Equity Transactions