Form 4: Rubrik's Chief Revenue Officer, Brian K. McCarthy, Reports Stock Transactions

Brian K. McCarthy, Chief Revenue Officer of Rubrik, Inc., reports the acquisition and disposition of Class A Common Stock, including sales under a Rule 10b5-1 trading plan.

Summary

• Brian K. McCarthy, the Chief Revenue Officer of Rubrik, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 30, 2025, McCarthy acquired 170,675 shares of Class A Common Stock through a grant of restricted stock units (RSUs).
• These RSUs vest quarterly, starting March 15, 2025, with 2.5% vesting on each of the first four quarterly vesting dates, and the remainder vesting in twelve equal installments thereafter, contingent upon continuous service.
• On April 1, 2025, McCarthy disposed of shares of Class A Common Stock through multiple sales at weighted average prices of $59.55, $60.41, and $61.15.
• Specifically, 6,767 shares were sold at $59.55, 16,933 shares were sold at $60.41, and 1,300 shares were sold at $61.15.
• These sales were executed under a Rule 10b5-1 trading plan adopted on June 27, 2024.
• Following these transactions, McCarthy directly owns 579,217 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. The sales are conducted under a pre-arranged plan, suggesting no immediate concern about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's common for executives to use Rule 10b5-1 trading plans to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units (RSUs) to align management's interests with those of shareholders.
• Rule 10b5-1 trading plans are a standard practice among corporate executives to manage their stock sales in a compliant manner.
• The vesting schedule of the RSUs (quarterly vesting after an initial period) is a typical arrangement to incentivize long-term commitment.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key executive.
• The transactions themselves are unlikely to have a significant impact on the company's operations or financial condition.

Key Dates

Keywords

Form 4, Rubrik, Brian K. McCarthy, RBRK, insider trading, stock sale, Rule 10b5-1, Chief Revenue Officer, Class A Common Stock, RSU