Form 4: Rubrik Director Ravi Mhatre Receives Equity Grant, Boosting Stake

Rubrik, Inc. Director and 10% Owner Ravi Mhatre was granted 2,702 Restricted Stock Units (RSUs) on June 25, 2025, aligning his interests further with the company's performance.

Summary

• Ravi Mhatre, a Director and 10% Owner of Rubrik, Inc. (RBRK), acquired 2,702 shares of Class A Common Stock on June 25, 2025.
• This acquisition represents a grant of Restricted Stock Units (RSUs) with a transaction price of $0.
• The RSUs will vest in four equal quarterly installments, specifically on September 15, 2025, December 15, 2025, March 15, 2026, and June 15, 2026, contingent upon Mr. Mhatre's continuous service with Rubrik.
• Following this transaction, Mr. Mhatre directly beneficially owns 31,228 shares of Class A Common Stock.
• Additionally, he indirectly beneficially owns 250,101 shares through Mhatre Investments LP Fund 2, 48,577 shares through Mhatre Investments LP Fund 3, and 649 shares through the Mhatre 2011 Irrevocable Children's Trust, where he serves as trustee or general partner trustee.

Sentiment

Score: 7

Explanation: The document reports an equity grant to a director and 10% owner, which is a positive signal of alignment between insider interests and shareholder value. It's a routine compensation event, not indicative of extraordinary news, hence a moderately positive score.

Positives

• The grant of Restricted Stock Units (RSUs) to a director and 10% owner, Ravi Mhatre, aligns his financial interests with the long-term performance and success of Rubrik, Inc.
• The acquisition of 2,702 shares through an RSU grant indicates continued commitment and confidence from a key insider.
• The vesting schedule incentivizes Mr. Mhatre's continuous service and contribution to the company over the next year.

Negatives

• No negative information was disclosed in this Form 4 filing, as it reports an acquisition of equity rather than a sale.

Risks

• The vesting of the 2,702 Restricted Stock Units is contingent upon Ravi Mhatre's continuous service with Rubrik, Inc. on each vesting date.

Future Outlook

The grant of Restricted Stock Units with a defined vesting schedule through June 2026 indicates an expectation of continued service from Ravi Mhatre and aligns his future compensation with the company's stock performance.

Industry Context

The grant of Restricted Stock Units to a director is a common practice in the technology industry and publicly traded companies to incentivize long-term commitment and align executive and board member interests with shareholder value creation. This filing reflects a routine compensation event for an insider.

Comparison to Industry Standards

• NA (A single Form 4 filing detailing an RSU grant does not provide sufficient data for a meaningful comparison to industry-wide compensation benchmarks or specific company performance metrics without additional context on Rubrik's overall compensation philosophy or peer group data.)

Corporate Governance

Related Party Transactions

• Ravi Mhatre indirectly beneficially owns shares through Mhatre Investments LP Fund 2 and Fund 3, where he serves as trustee of the general partner, and through the Mhatre 2011 Irrevocable Children's Trust, where he is the trustee. These are standard disclosures for insider beneficial ownership structures.

Stakeholder Impact

• Shareholders: The RSU grant aligns the interests of a significant director and 10% owner with shareholders, potentially fostering long-term value creation.
• Employees: The grant is part of the company's compensation structure, which may indirectly influence employee morale and retention by demonstrating commitment to key personnel.

Next Steps

• Vesting of 25% of the granted RSUs on September 15, 2025.
• Vesting of 25% of the granted RSUs on December 15, 2025.
• Vesting of 25% of the granted RSUs on March 15, 2026.
• Vesting of the final 25% of the granted RSUs on June 15, 2026.

Key Dates

Keywords

Rubrik, RBRK, SEC Form 4, insider ownership, equity grant, Restricted Stock Units, RSU, beneficial ownership, director, 10% owner, corporate governance, compensation