Form 4: Rubrik Director Mhatre Reports Significant Stock Transactions

Ravi Mhatre, a Director at Rubrik, Inc., reported a series of transactions involving Class A Common Stock on June 24, 2026, including both acquisitions and dispositions of securities held through various Lightspeed entities and personal trusts.

Summary

• Ravi Mhatre, a Director of Rubrik, Inc. (RBRK), reported multiple transactions on June 24, 2026, involving Class A Common Stock.
• These transactions include the acquisition and disposition of shares held indirectly through various Lightspeed Venture Partners entities, Lightspeed SPV entities, and Lightspeed Management Company.
• Additionally, Mhatre reported transactions related to shares held by Mhatre Investments LP - Fund 2 and Fund 3, as well as shares held in the Mhatre 2011 Irrevocable Children's Trust.
• One disposition of Class A Common Stock on June 26, 2026, was executed at a weighted average price of $71.49, with individual sales ranging from $71.36 to $71.58.
• The filing also notes the existence of Class B Common Stock, which is convertible into Class A Common Stock under certain conditions.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to the significant volume of stock dispositions by a director, although the underlying reasons are not provided and the shares remain indirectly held by related entities.

Positives

• Ravi Mhatre, a Director, continues to hold a significant number of shares indirectly through various investment vehicles, indicating ongoing commitment.
• The conversion of Class B Common Stock to Class A Common Stock is a standard corporate action that can simplify share structure.

Negatives

• A significant number of Class A Common Stock shares were disposed of by Mhatre on June 24, 2026, across multiple entities.
• One specific disposition on June 26, 2026, resulted in zero shares beneficially owned by Mhatre following the transaction.

Risks

• The disposition of a large number of shares by a director could be interpreted by the market as a lack of confidence, potentially impacting share price.
• The complexity of ownership through multiple limited partnerships and LLCs, as detailed in the footnotes, could obscure the true extent of beneficial ownership and control.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine for directors and officers of public companies, detailing changes in their beneficial ownership. The scale of transactions reported by Ravi Mhatre, particularly the dispositions, warrants attention from investors monitoring insider activity at Rubrik, Inc.

Related Party Transactions

• Transactions involving Class A Common Stock held indirectly through various Lightspeed entities (Lightspeed Venture Partners IX, L.P., Lightspeed Venture Partners Select II, L.P., Lightspeed SPV I, LLC, Lightspeed SPV I-B, LLC, Lightspeed SPV I-C, LLC, LS SPV Management, LLC, Lightspeed Management Company, L.L.C.).
• Transactions involving Class A Common Stock held indirectly through Mhatre Investments LP - Fund 2 and Fund 3, where Ravi Mhatre serves as trustee of the general partner.
• Transactions involving Class A Common Stock held by the Mhatre 2011 Irrevocable Children's Trust, where Ravi Mhatre is the trustee.

Stakeholder Impact

• Shareholders may view the director's significant stock dispositions with caution, potentially leading to increased scrutiny of the company's performance and future prospects.
• The complex web of indirect ownership through various entities could create confusion for stakeholders regarding the ultimate beneficial ownership and control of shares.

Key Dates

Recommendation

The filing details significant stock transactions by a director, including both acquisitions and dispositions, across various investment vehicles. While the dispositions are notable, the absence of specific reasons and the continued indirect ownership through related entities suggest a need for further monitoring rather than an immediate investment decision. The weighted average sale price also provides a reference point for valuation discussions.

Keywords

Rubrik, RBRK, Form 4, Insider Trading, Stock Transaction, Director, Class A Common Stock, Class B Common Stock, Lightspeed Venture Partners, Beneficial Ownership