Kiran Kumar Choudary - Oct 22, 2024 Form 4 Insider Report for Rubrik, Inc. (RBRK)

Role
Chief Financial Officer
Signature
/s/ Larry Guo, Attorney-in-Fact
Stock symbol
RBRK
Transactions as of
Oct 22, 2024
Transactions value $
-$531,852
Form type
4
Date filed
11/8/2024, 04:08 PM
Previous filing
Oct 21, 2024
Next filing
Oct 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBRK Class A Common Stock Conversion of derivative security $0 +1K +0.24% $0.00 419K Oct 22, 2024 Direct F1
transaction RBRK Class A Common Stock Sale -$454K -11.8K -2.82% $38.49 407K Oct 22, 2024 Direct F1, F2, F3
transaction RBRK Class A Common Stock Conversion of derivative security $0 +1K +0.25% $0.00 408K Nov 6, 2024 Direct
transaction RBRK Class A Common Stock Sale -$77.7K -1.8K -0.44% $43.15 406K Nov 6, 2024 Direct F2, F4

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 Stock Option (Right to Buy) Options Exercise $0 -1K -1.04% $0.00 95.5K Oct 22, 2024 Class B Common Stock 1K $7.99 Direct F5, F6
transaction RBRK Class B Common Stock Options Exercise +1K 1K Oct 22, 2024 Class A Common Stock 1K Direct F7
transaction RBRK Class B Common Stock Conversion of derivative security -1K -100% 0 Oct 22, 2024 Class A Common Stock 1K Direct F7
transaction RBRK Stock Option (Right to Buy) Options Exercise $0 -1K -1.05% $0.00 94.5K Nov 6, 2024 Class B Common Stock 1K $7.99 Direct F5
transaction RBRK Class B Common Stock Options Exercise +1K 1K Nov 6, 2024 Class A Common Stock 1K Direct F7
transaction RBRK Class B Common Stock Conversion of derivative security -1K -50% 1K Nov 6, 2024 Class A Common Stock 1K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Due to an administrative error, the previous Forms 4 filed on October 29, 2024, and November 5, 2024, inadvertently overstated the Reporting Person's Class A common stock by 10,800 shares, which were sold on October 22, 2024 and reported on this Form 4. The total number of shares held by the Reporting Person has been updated on this Form 4.
F2 This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, adopted July 15, 2024
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.86 to $38.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.98 to $43.83 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
F5 1/4 of the shares subject to the option vested on August 20, 2019, and 1/48 of the shares vested monthly thereafter.
F6 Due to an administrative error, the previous Form 4 filed on October 29, 2024 inadvertently overstated the Reporting Person's shares subject to outstanding stock options by 1,000 shares, which were exercised on October 22, 2024 and reported on this Form 4. The total number of shares subject to outstanding stock options held by the Reporting Person has been updated on this Form 4.
F7 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.