Form 4: Rubrik Director John Thompson Reports Conversion of Preferred Stock to Common Stock

Director John Thompson reports the conversion of preferred stock to common stock in Rubrik, Inc. following the company's IPO.

Summary

• John Thompson, a director at Rubrik, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The filing reports the conversion of Series A, B, and C Preferred Stock into Class B Common Stock on April 29, 2024.
• These conversions occurred on a one-for-one basis immediately before Rubrik's initial public offering (IPO).
• Thompson also holds Class B Common Stock, which can be converted to Class A Common Stock.
• The shares are held by the John and Sandra Thompson Trust, where Thompson serves as co-trustee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock conversion following an IPO. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are standard practice for company insiders following significant transactions in their company's stock, especially around events like IPOs. This filing indicates the conversion of preferred shares held by a director into common shares as part of the IPO process.

Key Dates