Form 4: Rubrik Director Chandna Reports Changes in Beneficial Ownership

Asheem Chandna, a director at Rubrik, Inc., reported changes in beneficial ownership of Class A and Class B Common Stock due to conversion transactions on March 14, 2025.

Summary

• On March 14, 2025, Asheem Chandna, a director of Rubrik, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The reported transactions involve Class A Common Stock and Class B Common Stock.
• Chandna's holdings are primarily indirect, held through entities like Greylock XIV Limited Partnership, Greylock XIV-A Limited Partnership, and Greylock XIV Principals LLC.
• The transactions involved the conversion of Class B Common Stock into Class A Common Stock.
• As of the reported transaction, Chandna's direct holdings include 280,571 shares of Class A Common Stock.
• Indirect holdings include 6,714,671 shares held by Greylock XIV Limited Partnership, 373,037 shares held by Greylock XIV-A Limited Partnership, and 373,037 shares held by Greylock XIV Principals LLC.
• Additionally, 2,324 shares are held by the Chandra Children's Trust and 11,621 shares by The Revocable Trust of Asheem Chandra and Aarti Chandra.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting standard insider activity. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in ownership but doesn't necessarily reflect a change in the company's overall prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that insider transactions are being monitored and reported as required by regulations.

Key Dates