Form 4: Rubrik Director and 10% Owner Sells Over 16,000 Shares

Rubrik, Inc. Director and 10% owner Ravi Mhatre sold 16,984 shares of Class A Common Stock for approximately $1.52 million on June 30, 2025.

Summary

• Ravi Mhatre, a Director and 10% owner of Rubrik, Inc. (RBRK), disposed of 16,984 shares of Class A Common Stock.
• The transaction occurred on June 30, 2025.
• The shares were sold at a weighted average price of $89.47 per share, with individual transaction prices ranging from $89.30 to $89.69.
• The total value of the shares sold amounts to approximately $1,519,000.
• Following this transaction, Ravi Mhatre beneficially owns 81,842 shares directly and 548,521 shares indirectly through Lightspeed Management Company, L.L.C., Mhatre Investments LP Fund 2, Mhatre 2011 Irrevocable Children's Trust, and Mhatre Investments LP Fund 3, totaling 630,363 shares.

Sentiment

Score: 4

Explanation: The sale of shares by a Director and 10% owner, while not a large percentage of total holdings, is typically viewed with slight caution by investors as it represents a reduction in insider exposure.

Positives

• The sale represents a relatively small percentage (approximately 2.7%) of Ravi Mhatre's total beneficial ownership in Rubrik, Inc., indicating continued significant holdings and alignment with shareholder interests.

Negatives

• An insider sale by a Director and 10% owner, even if a small portion of total holdings, could be interpreted by the market as a slight reduction in confidence or a move to diversify personal holdings.

Risks

• No specific risks are detailed in this Form 4 filing beyond the transaction itself.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The filing details indirect beneficial ownership through entities where the reporting person has influence (e.g., managing member of Lightspeed Management Company, L.L.C., trustee of the general partner of Mhatre Investments LP Fund 2 and Fund 3, and trustee of the Mhatre 2011 Irrevocable Children's Trust). These are standard disclosures for beneficial ownership.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a slight negative signal, potentially leading to minor downward pressure on the stock price, though the impact is likely limited given the relatively small number of shares sold compared to total beneficial ownership.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this insider trading report.

Key Dates

Recommendation

Keywords

Rubrik, RBRK, Ravi Mhatre, insider trading, Form 4, stock sale, beneficial ownership, director, 10% owner, equity, SEC filing