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

Brian K. McCarthy, Chief Revenue Officer of Rubrik, Inc., sold a total of 25,000 shares of Class A Common Stock on December 6, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Brian K. McCarthy, the Chief Revenue Officer of Rubrik, Inc., executed a sale of company stock on December 6, 2024.
• The sale involved 3,802 shares at a weighted average price of $62.80 and 21,198 shares at a weighted average price of $64.65.
• These transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted on June 27, 2024.
• Following the sales, McCarthy still beneficially owns 312,545 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Risks

• Sales by company executives can sometimes be perceived negatively by the market, although this sale was under a pre-arranged plan.

Industry Context

This is a routine filing for insider transactions and is common for executives who have pre-arranged trading plans. It does not indicate any specific change in the company's outlook or performance.

Comparison to Industry Standards

• Sales under 10b5-1 plans are a common practice among executives at publicly traded companies, including those in the technology sector like Rubrik.
• Similar filings are regularly seen from executives at companies like CrowdStrike, Snowflake, and Datadog, which are also in the data security and cloud space.
• The volume of shares sold is not unusual for an executive at this level, and the price range is within the normal trading range for the stock.

Stakeholder Impact

• The stock sale may have a minor impact on the stock price, but it is unlikely to be significant given the pre-arranged nature of the transaction.
• The sale does not indicate any change in the company's operations or strategy.

Key Dates

Keywords

Rubrik, Brian K. McCarthy, Chief Revenue Officer, stock sale, Form 4, Rule 10b5-1, insider trading, equity securities