Richard Scott Herren - 24 Apr 2024 Form 4 Insider Report for Rubrik, Inc. (RBRK)

Role: Director
Signature: /s/ Anne-Kathrin Lalendran, Attorney-in-Fact
Issuer symbol: RBRK
Transactions as of: 24 Apr 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Apr 2024, 21:04:35 UTC
Previous filing: 12 Mar 2024
Next filing: 14 May 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RBRK	Restricted Stock Units	Award	$0	+50,000		$0.000000	50,000	24 Apr 2024	Class B Common Stock	50,000		Direct	F1, F2
transaction	RBRK	Restricted Stock Units	Award	$0	+25,000		$0.000000	25,000	24 Apr 2024	Class B Common Stock	25,000		Direct	F1, F3
transaction	RBRK	Restricted Stock Units	Options Exercise	$0	-33,332	-67%	$0.000000	16,668	25 Apr 2024	Class B Common Stock	33,332		Direct	F1, F2
transaction	RBRK	Restricted Stock Units	Options Exercise	$0	-16,666	-67%	$0.000000	8,334	25 Apr 2024	Class B Common Stock	16,666		Direct	F1, F3
transaction	RBRK	Class B Common Stock	Options Exercise	$0	+49,998		$0.000000	49,998	25 Apr 2024	Class A Common Stock	49,998		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Class B Common Stock.
F2	The shares of Class B Common Stock are to be acquired upon the vesting of an RSU award previously granted to the Reporting Person. The RSUs shall vest as follows: 1/3 of the shares subject to the RSU vested on December 15, 2022, and 1/3 of the shares subject to the RSU vest every year thereafter, and a liquidity event-based vesting condition which was satisfied upon the effectiveness of the registration statement on Form S-1 filed by the Issuer in connection with the Issuer's initial public offering, all subject to the Reporting Person continuing to have a Service Relationship (as defined in the Issuer's 2014 Amended and Restated Stock Option and Grant Plan).
F3	The shares of Class B Common Stock are to be acquired upon the vesting of an RSU award previously granted to the Reporting Person. The RSUs shall vest as follows: 1/3 of the shares subject to the RSU vested on December 15, 2022, and 1/3 of the shares subject to the RSU vest every year thereafter, and a liquidity event-based vesting condition which was satisfied upon the effectiveness of the registration statement on Form S-1 filed by the Issuer in connection with the Issuer's initial public offering, all subject to the Reporting Person's continued service as Chair of the Audit Committee of the Issuer's board of directors.
F4	Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock will also be convertible at any time at the option of the Reporting Person into one share of Class A Common Stock.