Kiran Kumar Choudary - Mar 21, 2025 Form 4 Insider Report for Rubrik, Inc. (RBRK)

Role
Chief Financial Officer
Signature
/s/ Anne-Kathrin Lalendran, Attorney-in-Fact
Stock symbol
RBRK
Transactions as of
Mar 21, 2025
Transactions value $
-$6,161,858
Form type
4
Date filed
3/25/2025, 07:21 PM
Previous filing
Jan 16, 2025
Next filing
Apr 1, 2025
SEC
View on sec.gov

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 +160K +46.73% $0.00 501K Mar 21, 2025 Direct F1
transaction RBRK Class A Common Stock Sale -$6.16M -88K -17.54% $70.04 413K Mar 21, 2025 Direct F1, F2

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 -7.19K -20% $0.00 28.8K Mar 21, 2025 Class B Common Stock 7.19K Direct F3, F4
transaction RBRK Restricted Stock Units Options Exercise $0 -125K -26.32% $0.00 350K Mar 21, 2025 Class B Common Stock 125K Direct F3, F5
transaction RBRK Restricted Stock Units Options Exercise $0 -27.5K -10% $0.00 248K Mar 21, 2025 Class B Common Stock 27.5K Direct F3, F6
transaction RBRK Class B Common Stock Options Exercise +160K 160K Mar 21, 2025 Class A Common Stock 160K Direct F7
transaction RBRK Class B Common Stock Conversion of derivative security -160K -100% 0 Mar 21, 2025 Class A Common Stock 160K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 367 shares purchased through the Issuer's employee stock purchase plan on March 20, 2025.
F2 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).
F3 Each RSU represents a contingent right to receive one share of Class B Common Stock.
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 The RSUs shall vest as follows: 75,000 shares subject to the RSU vested on March 15, 2024, 125,000 shares subject to the RSU vest on March 15, 2025, 150,000 shares vest on March 15, 2026, and 200,000 shares vest on March 15, 2027, 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).
F6 The RSUs shall vest as follows: 10% of the shares subject to the RSU vest on March 15, 2025, 20% of the shares subject to the RSU vest on March 15, 2026, 35% of the shares subject to the RSU vest on March 15, 2027, and 35% of the shares subject to the RSU vest on March 15, 2028, 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).
F7 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.