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 an average price of $50.38, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Brian K. McCarthy, the Chief Revenue Officer of Rubrik, Inc., sold 25,000 shares of Class A Common Stock on November 22, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 27, 2024.
• The shares were sold at a weighted average price of $50.38 per share.
• The sale was conducted in multiple transactions with prices ranging from $50.00 to $50.79 per share.
• Following the transaction, McCarthy directly owns 362,545 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine Form 4 filing indicating a pre-planned stock sale by an executive. It doesn't suggest any positive or negative sentiment about the company's performance.

Risks

• Sales by company executives can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, such as those at comparable tech firms like CrowdStrike, Okta, and Zscaler.
• These plans allow for scheduled sales of stock to avoid accusations of insider trading, and are generally viewed as a normal part of executive compensation and financial planning.
• The reported sale is similar to other Form 4 filings from executives at these companies, which often involve pre-planned sales of shares.

Stakeholder Impact

• The sale of shares by a company executive could potentially cause a slight negative reaction from shareholders, although the pre-planned nature of the sale mitigates this risk.

Key Dates

Keywords

Rubrik, insider trading, Form 4, stock sale, 10b5-1 plan, Brian K. McCarthy, Chief Revenue Officer, RBRK