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Rubrik, Inc.·4

Jul 16, 5:13 PM ET

Choudary Kiran Kumar 4

4 · Rubrik, Inc. · Filed Jul 16, 2026

Research Summary

AI-generated summary of this filing

Updated

Rubrik (RBRK) CFO Kiran Choudary Sells Shares

What Happened

  • Kiran Choudary, Chief Financial Officer of Rubrik, sold a total of 28,000 shares on July 15, 2026, generating approximately $2,288,374 in proceeds. Sales occurred in multiple tranches at prices ranging roughly from $79.61 to $89.02 per share (weighted-average tranche prices reported between $80.15 and $88.64).
  • The filing also reports the exercise/conversion and conversion/disposition of 12,000 derivative shares (entries reported at $0.00), indicating options/derivative securities were converted/exercised in connection with the transactions.

Key Details

  • Transaction date: July 15, 2026; Form 4 filed July 16, 2026 (timely).
  • Total shares sold: 28,000; total proceeds reported: ~$2,288,374.
  • Reported tranche weighted-average prices and ranges: see footnotes F2–F9 (ranges per tranche from ~$79.61 to ~$89.02).
  • Sale executed pursuant to a Rule 10b5-1 trading plan adopted April 15, 2026 (footnote F1).
  • Derivative activity: entries show conversion/exercise of 12,000 derivative shares at $0.00 (see footnotes F10, F11 for vesting and conversion rules).
  • Shares owned after the transaction: not specified in the provided filing data.

Context

  • The sales are routine insider disposals executed under a scheduled 10b5-1 plan (not an ad hoc sale). Such plans are pre-arranged and commonly used to avoid potential insider trading issues; they do not necessarily indicate a change in the insider’s view of the company.
  • The zero-dollar entries reflect exercise/conversion of derivative securities (options or convertible shares) and related bookkeeping for acquisitions/dispositions; in practice this often means options were exercised and resulting shares were sold the same day (cashless or immediate-sale behavior), but the Form 4 lists those derivative transactions separately.

Insider Transaction Report

Form 4
Period: 2026-07-15
Rubrik, Inc.RBRK
Choudary Kiran Kumar
Chief Financial Officer
Transactions
  • Conversion

    Class A Common Stock

    2026-07-15+12,000→ 1,012,073 total
  • Sale

    Class A Common Stock

    [F1][F2]
    2026-07-15$80.15/sh−15,600$1,250,340→ 996,473 total
  • Sale

    Class A Common Stock

    [F1][F3]
    2026-07-15$80.94/sh−4,800$388,512→ 991,673 total
  • Sale

    Class A Common Stock

    [F1][F4]
    2026-07-15$82.27/sh−1,200$98,724→ 990,473 total
  • Sale

    Class A Common Stock

    [F1][F5]
    2026-07-15$83.37/sh−1,800$150,066→ 988,673 total
  • Sale

    Class A Common Stock

    [F1][F6]
    2026-07-15$85.15/sh−400$34,060→ 988,273 total
  • Sale

    Class A Common Stock

    [F1][F7]
    2026-07-15$86.58/sh−2,100$181,818→ 986,173 total
  • Sale

    Class A Common Stock

    [F1][F8]
    2026-07-15$87.35/sh−1,000$87,350→ 985,173 total
  • Sale

    Class A Common Stock

    [F1][F9]
    2026-07-15$88.64/sh−1,100$97,504→ 984,073 total
  • Exercise/Conversion

    Stock Option (Right to Buy)

    [F10]
    2026-07-15−12,000→ 19,450 total
    Exercise: $7.99Exp: 2028-09-17→ Class B Common Stock (12,000 underlying)
  • Exercise/Conversion

    Class B Common Stock

    [F11]
    2026-07-15+12,000→ 12,000 total
    → Class A Common Stock (12,000 underlying)
  • Conversion

    Class B Common Stock

    [F11]
    2026-07-15−12,000→ 0 total
    → Class A Common Stock (12,000 underlying)
Footnotes (11)
  • [F1]This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, adopted April 15, 2026.
  • [F10]1/4 of the shares subject to the option vested on August 20, 2019, and 1/48 of the shares vested monthly thereafter.
  • [F11]Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock will also be convertible at any time at the option of the Reporting Person into one share of Class A Common Stock.
  • [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.61 to $80.60 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
  • [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.64 to $81.61 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
  • [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.70 to $82.60 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
  • [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.00 to $83.64 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
  • [F6]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.64 to $85.53 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
  • [F7]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.12 to $86.96 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
  • [F8]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.20 to $88.13 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
  • [F9]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.48 to $89.02 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
Signature
/s/ Milson Yu, Attorney-in-Fact|2026-07-16

Documents

1 file
  • 4
    form4-07162026_090750.xmlPrimary