Nithrakashyap Arvind 4

What Happened
Nithrakashyap Arvind, Rubrik's Chief Technology Officer and a director, had 40,625 RSUs convert/settle into shares on March 24, 2026 (reported on Form 4). To satisfy tax withholding on that settlement, 28,967 of those shares were sold in an open-market transaction at $48.20 per share for total proceeds of $1,396,085. The RSU conversions and related exercises/conversions were reported with a $0 acquisition price because they represent vested awards converting into common stock.

Key Details

• Transaction date: March 24, 2026; Form 4 filed March 26, 2026 (timely filing).
• Sale: 28,967 shares sold at $48.20 each; proceeds $1,396,085. (Transaction code S)
• Award/Conversion: 40,625 shares arose from RSU vesting/conversion (codes C and M) at $0.00 acquisition price. (See footnotes F2–F3.)
• Reason for sale: Sell-to-cover to satisfy tax withholding on RSU vesting per issuer policy (footnote F1).
• Shares owned after the transaction: not specified in this Form 4.
• Record ownership: Shares are held of record by the Arvind Nithrakashyap Revocable Trust, where the reporting person is trustee and shares voting/dispositive power with spouse (footnote F5).
• Class conversion: Class B shares received on vesting can convert to Class A on sale or at the holder’s option (footnote F4).

Context
This is a routine “sell-to-cover” following RSU vesting (the company converted vested RSUs into shares and sold a portion to cover taxes). The filing shows conversion/exercise of RSU-based derivative awards (not a cash purchase). Such sell-to-cover transactions are common and primarily tax-driven rather than explicit bets on the stock.