Form 4: Rubrik CTO Granted Substantial Restricted Stock Unit Award

Rubrik Inc.'s Chief Technology Officer and Director, Arvind Nithrakashyap, was granted 294,951 Class A Common Stock shares in the form of restricted stock units, vesting over four years.

Summary

• Arvind Nithrakashyap, Rubrik Inc.'s Chief Technology Officer and a Director, was the reporting person for this transaction.
• On June 30, 2025, Arvind Nithrakashyap acquired 294,951 shares of Class A Common Stock through a grant of Restricted Stock Units (RSUs).
• The acquisition price for these shares was $0, indicating a grant rather than a purchase.
• Following this transaction, Arvind Nithrakashyap beneficially owns a total of 333,073 shares of Class A Common Stock.
• The granted RSUs will vest over a four-year period, with one-sixteenth of the total number vesting quarterly on September 15, December 15, March 15, and June 15, contingent upon continuous service with Rubrik Inc.

Sentiment

Score: 7

Explanation: The grant of a significant RSU award to a key executive like the CTO is generally a positive signal for executive retention and alignment with long-term company performance, though it does not directly reflect immediate financial results.

Positives

• The grant of 294,951 Restricted Stock Units (RSUs) to the Chief Technology Officer, Arvind Nithrakashyap, aligns his long-term financial interests with those of Rubrik Inc.'s shareholders.
• The four-year vesting schedule for the RSUs serves as a strong incentive for the continued retention and commitment of a key executive.

Future Outlook

The vesting of the granted RSUs is contingent on the Chief Technology Officer's continuous service with Rubrik, Inc. over the next four years, indicating an expectation of his continued tenure and contribution to the company's strategic objectives.

Management Comments

• The RSUs vest over 4 years. One sixteenth of the total number of RSUs vest on each of September 15, December 15, March 15, and June 15, subject to the reporting person's continuous service with the Issuer on each such vest date.

Industry Context

The grant of Restricted Stock Units (RSUs) to key executives like the CTO is a common and widely accepted practice in the technology industry. This method of compensation is primarily used to attract, retain, and incentivize top talent, aligning their long-term interests with the company's performance and overall shareholder value.

Comparison to Industry Standards

• The structure of this RSU grant, featuring a four-year vesting schedule with quarterly increments, is consistent with typical executive compensation practices observed in high-growth technology companies.
• This approach is comparable to equity incentive programs at other prominent tech firms such as Snowflake, Datadog, or CrowdStrike, which frequently utilize long-term equity awards to ensure the retention and motivation of their senior leadership.

Related Party Transactions

• Grant of 294,951 Restricted Stock Units (RSUs) to Arvind Nithrakashyap, the Chief Technology Officer and a Director, as part of his executive compensation package.

Stakeholder Impact

• Shareholders: The RSU grant aligns the Chief Technology Officer's long-term interests with shareholder value, potentially fostering sustained growth and performance.
• Employees: Reflects standard executive compensation practices, which can signal stability in leadership and a commitment to retaining key talent within the organization.

Next Steps

• Continued service of the Chief Technology Officer with Rubrik, Inc. to ensure the vesting of the granted RSUs.
• Quarterly vesting of the RSUs on September 15, December 15, March 15, and June 15 over the next four years, subject to continuous service.

Key Dates

Keywords

Rubrik, RBRK, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Executive Compensation, Arvind Nithrakashyap, Chief Technology Officer, CTO, Stock Award