Brian K. McCarthy - 17 Dec 2024 Form 4 Insider Report for Rubrik, Inc. (RBRK)

Signature
/s/ Larry Guo, Attorney-in-Fact
Issuer symbol
RBRK
Transactions as of
17 Dec 2024
Net transactions value
-$2,060,579
Form type
4
Filing time
19 Dec 2024, 20:00:15 UTC
Previous filing
06 Dec 2024
Next filing
03 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBRK Class A Common Stock Conversion of derivative security $0 +62,500 +20% $0.000000 375,045 17 Dec 2024 Direct
transaction RBRK Class A Common Stock Sale $2,060,579 -28,485 -7.6% $72.34 346,560 17 Dec 2024 Direct F1

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 Options Exercise $0 -56,250 -50% $0.000000 56,250 17 Dec 2024 Class B Common Stock 56,250 Direct F2, F3
transaction RBRK Restricted Stock Units Options Exercise $0 -6,250 -17% $0.000000 31,250 17 Dec 2024 Class B Common Stock 6,250 Direct F2, F4
transaction RBRK Class B Common Stock Options Exercise +62,500 62,500 17 Dec 2024 Class A Common Stock 62,500 Direct F5
transaction RBRK Class B Common Stock Conversion of derivative security -62,500 -100% 0 17 Dec 2024 Class A Common Stock 62,500 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs).
F2 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F3 The RSUs shall vest as follows: 1/4 of the shares subject to the RSU vested on March 15, 2022, and 1/16 of the shares subject to the RSU vest every quarter thereafter, and a liquidity event-based vesting condition which was satisfied upon the effectiveness of the registration statement on Form S-1 filed by the Issuer in connection with the Issuer's initial public offering, all 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).
F4 The RSUs shall vest as follows: 1/16 of the shares subject to the RSU vested on June 15, 2022, and 1/16 of the shares subject to the RSU vest every quarter thereafter, and a liquidity event-based vesting condition which was satisfied upon the effectiveness of the registration statement on Form S-1 filed by the Issuer in connection with the Issuer's initial public offering, all 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).
F5 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.