Form 4: Rubrik Director Yvonne Wassenaar Executes Stock Transactions Under 10b5-1 Plan

Director Yvonne Wassenaar of Rubrik, Inc. reports the acquisition and disposition of Class A Common Stock on May 5, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 5, 2025, Yvonne Wassenaar, a director at Rubrik, Inc., engaged in transactions involving the company's stock.
• Wassenaar acquired 2,000 shares of Class A Common Stock at $0.
• Simultaneously, Wassenaar sold 2,000 shares of Class A Common Stock at a price of $72.24 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on July 5, 2024.
• Following these transactions, Wassenaar directly owns 153 shares of Class A Common Stock.
• Wassenaar also holds 40,000 derivative securities related to Class B Common Stock, each convertible into Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions under a pre-existing plan, without indicating any particular positive or negative outlook.

Future Outlook

The director's future transactions may be governed by the existing 10b5-1 trading plan.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company insiders.

Comparison to Industry Standards

• Directors at comparable tech companies like Snowflake, Datadog, and CrowdStrike routinely use 10b5-1 plans to manage their stock sales, aligning with industry best practices for insider trading compliance.
• The reported transaction values are typical for directors in similar roles at publicly traded tech firms, reflecting standard compensation and equity ownership structures.
• The use of a 10b5-1 trading plan is a common strategy to avoid accusations of insider trading, similar to practices observed among executives at companies like Okta and Zscaler.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider trading activities.
• The use of a 10b5-1 plan helps ensure fair trading practices, benefiting all stakeholders.

Key Dates

Keywords

Form 4, Rubrik, Yvonne Wassenaar, Class A Common Stock, Class B Common Stock, 10b5-1 trading plan, Director, Stock transaction