Choudary Kiran Kumar 4

What Happened

• Choudary Kiran Kumar, Rubrik’s Chief Financial Officer, converted and settled RSU-related derivative securities and sold 122,613 shares in an open‑market transaction on March 24, 2026. The sale was at $48.20 per share for total proceeds of $5,909,419. The filing shows conversion/settlement activity totaling 212,188 shares (acquired/converted from derivative RSU awards at $0.00), with a portion sold in the open market as described above.

Key Details

• Transaction date: March 24, 2026; Form 4 filed March 26, 2026 (timely).
• Sale: 122,613 shares at $48.20 each = $5,909,419 (code S).
• Conversions/settlements: 212,188 shares converted/settled from derivative RSU awards (codes C and M; acquired at $0.00 / N/A).
• Tax withholding / sell-to-cover: Footnote F2 states the sale was effected to satisfy tax obligations from vesting/settlement of RSUs.
• Small ESPP purchase: Footnote F1 notes 367 shares purchased through the company ESPP on March 20, 2026.
• Shares owned after the transactions: not specified in this filing.
• Filing timeliness: Report appears timely (filed within required period).

Context

• These transactions reflect RSU vesting/settlement and a routine sell‑to‑cover to satisfy related tax obligations rather than a standalone market purchase or speculative trade. Footnotes (F3–F6) describe the underlying RSU terms and vesting schedules; F7 notes Class B shares convert to Class A under certain conditions. For retail investors, purchases are generally more informative as bullish signals; this filing documents conversion/settlement of awards and a partial sale to cover taxes.