Choudary Kiran Kumar 4

What Happened

• Kiran Kumar, Chief Financial Officer of Rubrik (RBRK), sold 20,000 shares in multiple open-market transactions on April 7, 2026, generating aggregate proceeds of approximately $1,033,733. The sales were executed in four tranches (3,900; 10,000; 5,200; 900 shares) at weighted-average prices shown below.
• The same Form 4 also reports exercise/conversion entries involving derivative securities recorded at $0 consideration (multiple 5,000-share entries). Those $0 entries reflect option exercises or automatic conversions/settlements recorded without cash paid or received.

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 8, 2026 (timely).
• Sales (open market/private sale):
  • 3,900 shares at $50.66 (weighted avg); proceeds $197,574; price range for these trades: $49.90–$50.89. (Footnote F2)
  • 10,000 shares at $51.51 (weighted avg); proceeds $515,100; price range: $50.91–$51.90. (F3)
  • 5,200 shares at $52.55 (weighted avg); proceeds $273,260; price range: $51.97–$52.94. (F4)
  • 900 shares at $53.11 (weighted avg); proceeds $47,799; price range: $53.00–$53.18. (F5)
• Total sold: 20,000 shares; total proceeds ≈ $1,033,733.
• Derivative activity: multiple exercise/conversion entries for 5,000-share lots recorded at $0 consideration (see Form 4). (Footnotes F6 and F7 provide vesting/convertibility context in the filing.)
• Some sales were effected pursuant to a Rule 10b5-1 trading plan adopted October 15, 2025. (F1)
• Shares owned after the transactions are not listed in the data provided here — see the full Form 4 for post-transaction holdings.
• Filing timeliness: Filed next day (Apr 8 for Apr 7 trades) — not reported as late.

Context

• Sales by executives are often routine (diversification, tax/liquidity needs) and do not necessarily signal a change in company outlook; purchases are generally viewed as stronger signals of conviction.
• The $0 exercise/conversion entries typically indicate option exercises or automatic conversions recorded without cash exchange; in many cases exercised shares are then sold (a common pattern called a cashless exercise or immediate sale), which appears consistent with same-day sales here. For full legal/technical details, consult the Form 4 text and footnotes.