Choudary Kiran Kumar 4

What Happened

• Kiran Choudary, Chief Financial Officer of Rubrik, sold a total of 19,999 shares in open-market transactions on February 18, 2026, generating aggregate proceeds of about $1,083,445 (three sales: 900 @ $52.55, 5,623 @ $53.91, 13,477 @ $54.39). The filing also reports several derivative transactions (exercises/conversions) recorded at $0.00 per share (blocks of 5,000 shares) tied to option/derivative activity and security-class conversion.

Key Details

• Transaction date: February 18, 2026; Form filed February 19, 2026 (timely filing).
• Sales (open market): 900 shares at weighted avg $52.55 (price range $52.05–$52.94 per F2); 5,623 shares at weighted avg $53.91 (range $53.13–$54.12 per F3); 13,477 shares at weighted avg $54.39 (range $54.13–$54.80 per F4).
• Total reported proceeds from sales: ≈ $1,083,445.
• Derivative activity: multiple 5,000-share entries shown as conversions/exercises at $0.00 (see footnotes for vesting/convertibility details). These reflect option exercise/vesting and Class B → Class A conversion mechanics (F5, F6).
• Sales were effected pursuant to a pre-established Rule 10b5-1 trading plan adopted October 15, 2025 (F1).
• Shares owned after the transactions: not provided in the data supplied in this summary.

Context

• The filing shows both derivative exercises/conversions and immediate open‑market sales on the same date. When exercises are followed by sales in the same timeframe, that often reflects a cashless exercise or sale of newly acquired shares, but the filing itself only reports the mechanics and amounts (no motive). Sales executed under a 10b5-1 plan are pre-planned and are commonly used to avoid questions about trading on non-public information.