Nithrakashyap Arvind 4

What Happened
Nithrakashyap Arvind, Rubrik's Chief Technology Officer and a director, sold a total of 38,460 shares of Rubrik common stock in open-market transactions between July 6 and July 8, 2026, generating approximately $3.33 million in proceeds. The shares were sold in multiple tranches at prices ranging roughly from $83.22 to $89.53 per share (weighted-average overall ≈ $86.7). The filing also reports three conversions of 12,820 shares each (total 38,460) of Class B common stock into Class A common stock at $0 cost prior to the sales.

Key Details

• Transaction dates: July 6–8, 2026 (Form 4 filed July 8, 2026). Filing appears timely.
• Total sold: 38,460 shares; total proceeds ≈ $3,332,423; weighted-average price ≈ $86.7/share.
• Conversions: Three reported conversions of 12,820 shares each (Class B → Class A) at $0.00 (see footnote re: automatic/optional conversion).
• Plan/authorization: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted October 15, 2025 (footnote F1).
• Price reporting: The filing uses weighted-average prices and multiple footnotes that show the sales were executed across several price ranges (roughly $83.2–$89.53 per share). The filer offers to provide per-trade price breakdowns on request.
• Shares owned after transaction: Not stated in the supplied summary of the Form 4 filing.

Context

• The filing shows conversions of Class B into Class A common stock (reported at $0 cost) followed by open-market sales of the resulting Class A shares. Footnote language indicates Class B shares are convertible into Class A and may convert automatically on sale/transfer.
• Trades made under a pre-established 10b5-1 plan are typically pre-planned and do not necessarily indicate a change in the insider’s view of the company.