Form 4: Rubrik Inc. Executive Arvind Nithrakashyap Reports Stock Sales

Arvind Nithrakashyap, Chief Technology Officer of Rubrik, Inc., reports the sale of Class A Common Stock over three days, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Arvind Nithrakashyap, the Chief Technology Officer of Rubrik, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report covers transactions from March 3, 2025, to March 5, 2025.
• During this period, Nithrakashyap sold shares of Class A Common Stock at varying prices.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 21, 2024.
• He also converted Class B Common Stock into Class A Common Stock.
• The total number of Class A Common Stock shares sold was 82,182.
• The price per share ranged from $58.80 to $67.88.
• Nithrakashyap still holds a significant amount of Class A Common Stock, with 219,279 shares remaining after the reported transactions.
• He also holds 10,404,015 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by an executive, which is neutral in sentiment. The sales were conducted under a pre-arranged trading plan, suggesting they are not necessarily indicative of the executive's view on the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates