SCHEDULE 13G: Rubrik Co-Founder Discloses 11.5% Beneficial Ownership Stake in Class A Common Stock
Beneficial Ownership Report
Arvind Nithrakashyap, a co-founder of Rubrik, Inc., has disclosed beneficial ownership of 11.5% of the company's Class A Common Stock as of December 31, 2024.
Summary
- Arvind Nithrakashyap, a co-founder of Rubrik, Inc., reported beneficial ownership of 11,343,267 shares of Rubrik's Class A Common Stock as of December 31, 2024.
- This aggregate amount represents 11.5% of the Class A Common Stock outstanding.
- The ownership includes 11,143,267 shares over which Mr. Nithrakashyap has sole voting and sole dispositive power.
- Additionally, 200,000 shares are held by the Nithrakashyap/Chetterjee Revocable Trust, for which Mr. Nithrakashyap is a trustee and shares voting and dispositive power with his spouse.
- The total beneficial ownership also accounts for 446,875 shares issuable within 60 days of December 31, 2024, upon the settlement of restricted stock units (RSUs).
- The percentage of class is calculated based on 87,102,908 shares of Class A common stock outstanding as of November 30, 2024, as reported in Rubrik's Quarterly Report on Form 10-Q filed on December 12, 2024, adjusted for the full conversion of Class B common stock beneficially owned by Mr. Nithrakashyap.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding company performance or outlook. It simply reports a significant insider stake.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by a significant insider, Arvind Nithrakashyap, a co-founder of Rubrik, Inc. It provides transparency regarding the ownership structure of a key executive in the cloud data management and cybersecurity industry. Such disclosures are common for publicly traded technology companies and are monitored by investors for insights into insider confidence and long-term commitment.
Stakeholder Impact
- Shareholders: Provides transparency regarding the significant ownership stake held by a co-founder, which can be viewed as a sign of long-term commitment and alignment of interests with other shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-11-30 | Date as of which 87,102,908 shares of Class A common stock were outstanding, as reported in Rubrik's Form 10-Q. |
| 2024-12-12 | Date Rubrik, Inc. filed its Quarterly Report on Form 10-Q with the SEC. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G, and the date as of which beneficial ownership is reported. |
| 2025-02-14 | Date the Schedule 13G was signed and filed. |
Keywords
Rubrik Inc., Arvind Nithrakashyap, Beneficial Ownership, Class A Common Stock, SEC Filing, Schedule 13G, Insider Ownership, Technology, Cloud Data Management
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.