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

Rubrik's Chief Revenue Officer, Brian K. McCarthy, sold a total of 24,990 shares of Class A Common Stock on January 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Brian K. McCarthy, Chief Revenue Officer of Rubrik, Inc., executed multiple sales of Class A Common Stock on January 3, 2025.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 27, 2024.
• A total of 24,990 shares were sold in multiple transactions at varying weighted average prices.
• The prices ranged from $65.55 to $69.09 per share.
• The sales resulted in a decrease in McCarthy's direct holdings of Rubrik Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, which is neither positive nor negative for the company's outlook. It's a neutral event.

Risks

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

Industry Context

Executive stock sales are a common occurrence, especially under pre-arranged trading plans like Rule 10b5-1, and are often a part of executive compensation and personal financial planning. This activity is not unusual in the tech industry.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are common across the tech industry, with companies like Microsoft, Apple, and Google having similar filings.
• The volume of shares sold is not unusual for a Chief Revenue Officer at a company of Rubrik's size.
• The price range of the sales is within the typical trading range for the stock.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

Rubrik, Brian K. McCarthy, Chief Revenue Officer, Class A Common Stock, Rule 10b5-1, SEC Form 4, insider trading, stock sale