Form 4: Rubrik Director John Thompson Sells Shares Under 10b5-1 Plan

Director John Wendell Thompson of Rubrik, Inc. sold shares of Class A Common Stock on February 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 3, 2025, John Wendell Thompson, a director of Rubrik, Inc., executed multiple transactions involving Class A Common Stock.
• Thompson acquired 9,009 shares of Class A Common Stock at $0.
• He also sold shares at weighted average prices of $69.79, $70.81, and $71.41.
• These sales were conducted under a Rule 10b5-1 trading plan adopted on October 15, 2024.
• Following these transactions, Thompson directly owns 24,999 shares of Class B Common Stock and indirectly owns 998 shares of Class A Common Stock through the John and Sandra Thompson Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current, non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Rubrik, John Thompson, Class A Common Stock, Class B Common Stock, 10b5-1 trading plan, Director, Share Sale, Beneficial Ownership