Form 4: Rubrik Inc. Director Richard Scott Herren Reports Changes in Beneficial Ownership

Director Richard Scott Herren reports acquisition and conversion of Rubrik, Inc. stock and restricted stock units following the company's IPO.

Summary

• Richard Scott Herren, a director at Rubrik, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On April 24, 2024, Herren acquired 50,000 and 25,000 Restricted Stock Units (RSUs).
• On April 25, 2024, Herren converted 33,332 and 16,666 Restricted Stock Units (RSUs) into Class B Common Stock.
• Additionally, 49,998 shares of Class B Common Stock were converted into Class A Common Stock on April 25, 2024.
• Following these transactions, Herren directly owns 16,668 RSUs, 8,334 RSUs and 49,998 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.

Industry Context

This filing is a standard procedure following Rubrik's IPO, as executives and directors adjust their holdings and equity awards.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the conversion of stock classes.

Key Dates