Form 4: Rubrik Director Ravi Mhatre Sells 15,933 Shares of Class A Common Stock

Director Ravi Mhatre reported the sale of 15,933 shares of Rubrik, Inc. Class A Common Stock at an average price of $30.19 on September 13, 2024.

Summary

• On September 13, 2024, Ravi Mhatre, a director of Rubrik, Inc., sold 15,933 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $30.19, with individual transaction prices ranging from $30.10 to $30.32.
• Following the transaction, Mhatre's indirect ownership includes 0 shares held by Lightspeed Management Company, L.L.C., 140,021 shares held by Mhatre Investments LP Fund 2, and 22,288 shares held by Mhatre Investments LP Fund 3.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Sales of shares by company directors are a normal part of corporate governance. It is important to consider the context of the sale, such as the director's overall holdings and any company-specific news, to determine the significance of the transaction.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The information provided in this Form 4 is consistent with the reporting requirements outlined by the SEC.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a negative outlook for the company.

Key Dates