Form 4: Rubrik Director Richard Scott Herren Awarded 3,709 RSUs

Director Richard Scott Herren received a grant of 3,709 restricted stock units as part of his compensation, vesting over the next year.

Summary

• Richard Scott Herren, a Director at Rubrik, Inc., received 3,709 Restricted Stock Units (RSUs) on June 3, 2026.
• The RSUs represent Class A Common Stock and were awarded at a price of $0.00 as part of director compensation.
• Total beneficial ownership following this transaction increased to 7,461 shares of Class A Common Stock.
• The grant is subject to a one-year vesting schedule with four equal quarterly installments.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative event typical of public company director compensation structures.

Positives

• The equity grant aligns the director's financial interests with those of long-term shareholders.
• The quarterly vesting schedule through June 2027 incentivizes continued service and board stability.

Negatives

• The eventual conversion of RSUs into common stock will result in a minor dilutive effect for existing shareholders.

Risks

• Full realization of the award is contingent upon the director's continuous service through June 15, 2027.

Future Outlook

The restricted stock units will vest in four equal quarterly installments on September 15, 2026, December 15, 2026, March 15, 2027, and June 15, 2027, provided the reporting person remains in service with the company.

Management Comments

• The grant represents restricted stock units that will vest over a one-year period in four successive equal quarterly installments.

Industry Context

StockSavvy.ai notes that equity-based compensation for directors is a standard practice in the technology and cybersecurity sectors to ensure alignment between board oversight and shareholder value.

Comparison to Industry Standards

• Rubrik's director compensation via RSUs is consistent with peers like CrowdStrike and Zscaler, which utilize similar equity grants to attract and retain board talent.
• The one-year vesting period is a common benchmark for annual director equity awards in the SaaS and cybersecurity industries.

Corporate Governance

Related Party Transactions

• The grant of equity to a director is a disclosed transaction between the issuer and an insider.

Stakeholder Impact

• Shareholders may experience minor dilution as RSUs vest and convert to common stock.
• The director is incentivized to maintain and improve company performance over the vesting period.

Next Steps

• First vesting event scheduled for September 15, 2026.
• Subsequent quarterly vesting through June 2027.

Key Dates

Recommendation

This is a routine insider transaction for compensation purposes and does not provide a signal for a change in investment thesis or company valuation.

Keywords

Rubrik, RBRK, Insider Trading, Form 4, Restricted Stock Units, Director Compensation, Richard Scott Herren, Cybersecurity