Choudary Kiran Kumar 4

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.