Form 4: Rubrik Director Acquires 537 Shares of Class A Common Stock Through Fully Vested Restricted Stock Units

Richard Scott Herren, a director at Rubrik, Inc., acquired 537 shares of Class A Common Stock through fully vested restricted stock units on January 15, 2025.

Summary

• Richard Scott Herren, a director of Rubrik, Inc., acquired 537 shares of Class A Common Stock.
• The acquisition occurred on January 15, 2025.
• The shares were acquired through the grant of restricted stock units.
• These restricted stock units were fully vested as of the grant date.
• The price per share for the transaction was $0, indicating a grant rather than a purchase.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director acquiring shares through a grant, which is generally a positive sign of alignment with the company's interests. It is not a major event but indicates confidence.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders such as directors or officers make transactions in the company's stock. It is a routine disclosure required by regulations.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the US, including Rubrik's competitors.
• The transaction is typical for executive compensation packages, where restricted stock units are granted as part of their remuneration.
• Companies like CrowdStrike, Snowflake, and Datadog also have similar filings when their directors or officers acquire or dispose of shares.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with those of the company.

Key Dates

Keywords

Rubrik, Director, Class A Common Stock, Restricted Stock Units, Share Acquisition, Form 4, Insider Trading