Form 4: Rubrik's Chief Technology Officer, Arvind Nithrakashyap, Executes Stock Sales Under 10b5-1 Plan

Arvind Nithrakashyap, Rubrik's CTO, sold shares of Class A Common Stock between April 7th and April 9th, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Arvind Nithrakashyap, the Chief Technology Officer of Rubrik, Inc. (RBRK), reported the sale of Class A Common Stock over three days, from April 7th to April 9th, 2025.
• The sales were executed under a pre-arranged trading plan (Rule 10b5-1) adopted on September 21, 2024.
• The transactions involved multiple sales at varying prices, ranging from $47.53 to $61.95 per share.
• On April 7th, a total of 31,574 shares were sold at prices ranging from $48.04 to $55.11.
• On April 8th, a total of 30,588 shares were sold at prices ranging from $52.42 to $57.11.
• On April 9th, a total of 31,713 shares were sold at prices ranging from $53.16 to $61.76.
• Following these transactions, Nithrakashyap directly owns 121,827 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Executive stock sales are a common occurrence, especially under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares without being accused of trading on non-public information. The market typically views these sales in the context of the executive's overall holdings and the reasons behind the trading plan.

Stakeholder Impact

• The stock sales by a high-ranking executive could potentially create short-term selling pressure on the stock.
• However, since the sales are under a pre-arranged plan, the impact is likely to be limited.

Key Dates

Keywords

Form 4, Rubrik, RBRK, Arvind Nithrakashyap, stock sale, Rule 10b5-1, insider trading, Class A Common Stock