Form 4: Rubrik Chief Revenue Officer Sells 25,000 Shares Under 10b5-1 Plan

Brian K. McCarthy, Chief Revenue Officer of Rubrik, Inc., sold 25,000 shares of Class A Common Stock at a weighted average price of $70 on March 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Brian K. McCarthy, the Chief Revenue Officer of Rubrik, Inc. (RBRK), reported a transaction involving the sale of company stock.
• On March 14, 2025, McCarthy sold 25,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $70 per share, with individual transactions ranging from $70.00 to $70.05.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 27, 2024.
• Following the reported transaction, McCarthy still beneficially owns 331,043 shares of Rubrik's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine transaction under a pre-arranged plan.

Industry Context

Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the executive is selling shares in a pre-planned manner to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive stock sales are common across the tech industry.
• Companies like Snowflake, Datadog, and CrowdStrike often see similar filings from their executives.
• The volume and price of the shares sold are within the typical range for executive transactions at companies of Rubrik's size and stage.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The sale does not directly impact employees, customers, suppliers, or creditors.

Key Dates