Form 4: Rubrik Director Ravi Mhatre Sells $832,000 in Class A Common Stock

Director Ravi Mhatre reports the sale of 13,213 shares of Rubrik's Class A Common Stock at an average price of $62.98 on April 15, 2025.

Summary

• On April 15, 2025, Ravi Mhatre, a director at Rubrik, Inc., sold 13,213 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $62.98 per share.
• The total value of the shares sold is approximately $832,155.74.
• Following the transaction, Mhatre continues to indirectly own shares through Lightspeed Management Company, L.L.C., Mhatre Investments LP Fund 2, Mhatre Investments LP Fund 3, and a trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of stock sale by a director. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This filing indicates insider trading activity, which is common for publicly traded companies. Investors often monitor these filings to gauge management's sentiment and confidence in the company's future prospects.

Comparison to Industry Standards

• Comparing this transaction to similar insider sales at comparable companies like Snowflake or Datadog would require analyzing their respective SEC filings for director stock sales.
• Generally, insider sales are not necessarily negative, but significant or frequent sales can sometimes raise concerns among investors.
• The size of this sale relative to Mhatre's total holdings and Rubrik's overall market capitalization would be important factors in assessing its significance.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, depending on how the market interprets the transaction.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.

Key Dates

Keywords

Rubrik, Ravi Mhatre, Class A Common Stock, Director, SEC Form 4, Sale of Shares, Lightspeed Management Company, Mhatre Investments LP