Form 4: Rubrik Inc. Chief Revenue Officer Brian K. McCarthy Sells Class A Common Stock

Brian K. McCarthy, Chief Revenue Officer of Rubrik Inc., sold 25,000 shares of Class A Common Stock on October 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 1, 2024, Brian K. McCarthy, the Chief Revenue Officer of Rubrik Inc., sold 24,700 shares of Class A Common Stock at a weighted average price of $31.24.
• The shares were sold in multiple transactions with prices ranging from $30.73 to $31.70 per share.
• McCarthy also sold 300 shares of Class A Common Stock at a weighted average price of $31.77.
• These shares were sold in multiple transactions with prices ranging from $31.75 to $31.80 per share.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 27, 2024.
• Following the transactions, McCarthy directly owns 437,545 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to assess management's perspective on the company's value and prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
• The Rule 10b5-1 trading plan is a common tool used by executives to sell shares in compliance with insider trading laws, similar to practices at companies like Microsoft, Apple, and Google where executives routinely use such plans.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.
• The disclosure ensures transparency for all stakeholders regarding insider trading activities.

Key Dates