Bipul Sinha - 24 Apr 2024 Form 4 Insider Report for Rubrik, Inc. (RBRK)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RBRK	Restricted Stock Units	Award	$0	+1,158,082		$0	1,158,082	24 Apr 2024	Class B Common Stock	1,158,082		Direct	F1, F2
transaction	RBRK	Stock Option (Right to Buy)	Award	$0	+8,000,000		$0	8,000,000	24 Apr 2024	Class B Common Stock	8,000,000	$32	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Class B Common Stock.
F2	The shares of Class B Common Stock are to be acquired upon the vesting of an RSU award previously granted to the Reporting Person. The RSUs shall vest as follows: all of the shares subject to the RSU will vest upon the Issuer's achievement of a specified average price per share prior to the expiration of the RSU award, subject to the Reporting Person subject to the Reporting Person continuing to have a Service Relationship (as defined in the Issuer's Amended and Restated 2014 Stock Option and Grant Plan).
F3	The option shall vest and become exercisable as follows: 1/20 of the shares subject to the option vest in twenty equal quarterly installments measured from January 27, 2022 and the Issuer's achievement of specified market valuations, subject to the Reporting Person continuing to have a Service Relationship (as defined in the Issuer's Amended and Restated 2014 Stock Option and Grant Plan) as the full-time Chief Executive Officer (CEO) or co-CEO of the Issuer on each such date.