Rubrik CTO Nithrakashyap Arvind: 10,436 Shares Withheld for Taxes

What Happened

• Nithrakashyap Arvind, Chief Technology Officer and director of Rubrik, had 10,436 shares disposed to satisfy a tax or exercise-related liability. The filing shows a per-share value of $100.20, for a total of $1,045,687. The transaction is reported under Code F (payment of exercise price or tax liability).

Key Details

• Transaction date: 2026-09-15
• Form 4 filed: 2026-09-17 (timely filing for a Form 4)
• Price per share: $100.20; total value: $1,045,687
• Transaction type/code: F — payment of exercise price or tax liability (shares disposed/withheld)
• Shares owned after transaction: not specified in the provided excerpt; see the full Form 4 for post-transaction holdings
• Footnote/meaning: "Disposed" here reflects shares withheld or surrendered to cover taxes, not necessarily an open-market sale

Context

• Code F transactions commonly reflect tax withholding or payment tied to an equity award (e.g., stock option exercise or vesting). These are routine administrative actions to satisfy tax obligations and are not the same signal as an open-market sale or purchase. Purchases generally carry more informational weight for assessing insider conviction.