Form 4: Rubrik Director John Thompson Reports Stock Unit Transactions

Director John Thompson of Rubrik, Inc. reports the vesting and conversion of restricted stock units and Class B common stock into Class A common stock.

Summary

• John Thompson, a director at Rubrik, Inc., reported transactions involving restricted stock units (RSUs) and Class B common stock.
• On December 17, 2024, 16,666 RSUs vested, converting into 16,666 shares of Class B common stock.
• An additional 8,333 RSUs vested, converting into 8,333 shares of Class B common stock.
• 24,999 shares of Class B common stock were converted into 24,999 shares of Class A common stock.
• Thompson also indirectly owns 853,447 shares of Class B common stock, which will convert to Class A common stock upon sale or transfer, held through the John and Sandra Thompson Trust.
• The vesting of the RSUs was subject to a service relationship and a liquidity event, which was satisfied upon the company's initial public offering.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions related to equity compensation, which is generally neutral to positive. There is no indication of any negative sentiment.

Positives

• The vesting of RSUs indicates that performance and service conditions were met.
• The conversion of Class B shares to Class A shares is a standard process after an IPO.

Industry Context

This is a standard SEC Form 4 filing, which is common for directors and officers of publicly traded companies after stock transactions.

Comparison to Industry Standards

• The vesting of restricted stock units and conversion of Class B to Class A common stock are typical compensation practices for directors and executives in publicly traded technology companies.
• Similar filings are regularly made by insiders at companies like Snowflake, Datadog, and Crowdstrike, reflecting standard equity compensation and ownership structures.

Stakeholder Impact

• The transactions do not have a significant impact on stakeholders as they are part of standard equity compensation practices.
• The conversion of Class B to Class A shares is a standard process after an IPO and does not affect the overall share structure.

Key Dates

Keywords

Rubrik, stock units, restricted stock units, Class B common stock, Class A common stock, insider trading, director, vesting, conversion