Kiran Kumar Choudary - Dec 17, 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
Dec 17, 2024
Transactions value $
-$418,263
Form type
4
Date filed
12/19/2024, 08:00 PM
Previous filing
Dec 12, 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 +7.19K +2.1% $0.00 349K Dec 17, 2024 Direct
transaction RBRK Class A Common Stock Sale -$287K -3.97K -1.14% $72.34 345K Dec 17, 2024 Direct F1
transaction RBRK Class A Common Stock Conversion of derivative security $0 +1K +0.29% $0.00 346K Dec 18, 2024 Direct
transaction RBRK Class A Common Stock Sale -$131K -1.8K -0.52% $72.70 345K Dec 18, 2024 Direct F2

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 Options Exercise $0 -7.19K -16.67% $0.00 35.9K Dec 17, 2024 Class B Common Stock 7.19K Direct F3, F4
transaction RBRK Class B Common Stock Options Exercise +7.19K 7.19K Dec 17, 2024 Class A Common Stock 7.19K Direct F5
transaction RBRK Class B Common Stock Conversion of derivative security -7.19K -100% 0 Dec 17, 2024 Class A Common Stock 7.19K Direct F5
transaction RBRK Stock Option (Right to Buy) Options Exercise $0 -1K -1.12% $0.00 88.5K Dec 18, 2024 Class B Common Stock 1K $7.99 Direct F6
transaction RBRK Class B Common Stock Options Exercise $0 +1K $0.00 1K Dec 18, 2024 Class A Common Stock 1K Direct F5
transaction RBRK Class B Common Stock Conversion of derivative security $0 -1K -100% $0.00 0 Dec 18, 2024 Class A Common Stock 1K Direct F5
* 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 This sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs).
F2 This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, adopted July 15, 2024.
F3 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F4 The RSUs shall vest as follows: 1/16 of the shares subject to the RSU vested on June 15, 2022, and 1/16 of the shares subject to the RSU vest every quarter 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 Amended and Restated 2014 Stock Option and Grant Plan).
F5 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.
F6 1/4 of the shares subject to the option vested on August 20, 2019, and 1/48 of the shares vested monthly thereafter.