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

Rubrik Inc.'s Chief Revenue Officer, Brian K. McCarthy, sold 25,000 shares of Class A Common Stock for approximately $2.25 million on May 22, 2025, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Rubrik Inc.'s Chief Revenue Officer, Brian K. McCarthy, reported the sale of 25,000 shares of Class A Common Stock on May 22, 2025.
• The shares were sold at a weighted average price of $90.1 per share, with individual transactions ranging from $90.00 to $90.30.
• The total value of the shares sold amounts to approximately $2,252,500.
• This transaction was executed pursuant to a Rule 10b5-1 trading plan, which was adopted on June 27, 2024.
• Following this sale, Mr. McCarthy directly beneficially owns 504,584 shares of Rubrik Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for executives to manage their personal holdings without implying specific market sentiment.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, adopted on June 27, 2024, indicating a planned and non-discretionary transaction rather than a reaction to immediate company performance. This reduces the perception of negative insider sentiment.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the direct ownership stake of a key executive in the company.

Risks

• While the sale was pre-planned, a reduction in insider ownership could be perceived by some investors as a slight decrease in alignment between management and shareholder interests, though this is a minor risk given the 10b5-1 context.

Future Outlook

This Form 4 filing reports a past insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide specific industry context or trends. Such filings are common across all publicly traded companies as executives manage their personal portfolios.

Stakeholder Impact

• Shareholders: The sale of shares by a Chief Revenue Officer, even under a 10b5-1 plan, might be noted by investors, but typically has minimal direct impact on the company's operations or strategic direction.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders from this specific transaction.

Key Dates

Keywords

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