Form 4: Rubrik Chief Revenue Officer Sells Over 24,000 Shares Under Pre-Arranged Trading Plan

Rubrik Inc.'s Chief Revenue Officer, Brian K. McCarthy, sold 24,000 shares of Class A Common Stock for approximately $2.37 million on June 2, 2025, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Brian K. McCarthy, the Chief Revenue Officer of Rubrik, Inc. (RBRK), disposed of a total of 24,000 shares of Class A Common Stock.
• The transactions occurred on June 2, 2025, and were executed as sales (S) under a Rule 10b5-1 trading plan adopted on June 27, 2024.
• The shares were sold in multiple transactions at weighted average prices ranging from $95.29 to $99.71 per share.
• Specifically, the sales included: 1,700 shares at $95.29, 1,793 shares at $96.23, 5,085 shares at $97.16, 4,252 shares at $98.10, 10,476 shares at $99.32, and 1,694 shares at $99.71.
• Following these transactions, Mr. McCarthy directly beneficially owns 479,584 shares of Rubrik Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale reduces executive ownership, the fact that it was executed under a pre-established Rule 10b5-1 trading plan mitigates any negative implications, suggesting a planned liquidity event rather than a signal of lack of confidence in the company's future.

Positives

• The sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted on June 27, 2024, indicating a pre-scheduled liquidity event rather than a reaction to recent company performance or market conditions.

Negatives

• The sale by a key executive reduces the overall insider ownership percentage in the company.

Risks

• While conducted under a 10b5-1 plan, significant insider sales can sometimes be misinterpreted by the market, potentially leading to negative sentiment if not fully understood as a pre-planned event.

Future Outlook

N/A

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide broader industry context or trends. It reflects an individual executive's pre-planned stock sale.

Stakeholder Impact

• Shareholders: The reduction in direct insider ownership by a key executive could be perceived differently by investors, though the 10b5-1 plan typically lessens concerns about negative signaling.

Key Dates

Recommendation

Keywords

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