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 |
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).
Id | Content |
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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. |