[Form 4] Perfect Moment Ltd. Insider Trading Activity

Rhea-AI Filing Summary

Rubrik, Inc. (RBRK) – Form 4 Insider Activity

Chief Financial Officer Kiran Kumar Choudary reported two transactions dated 07/09/2025:

• Option exercise & conversion: 2,000 stock options exercised at a $7.99 strike (Code M) and automatically converted from Class B to Class A shares (Code C) at a reported price of $0.
• Open-market sale: 3,500 Class A shares sold at $87.54 (Code S), generating ≈ $0.31 million in gross proceeds.

Post-transaction, the CFO directly holds 521,595 Class A shares and 70,450 derivative securities. The net reduction of 1,500 shares represents under 0.3 % of his direct equity position, signalling only a marginal change in insider ownership.

Insights

Securities Analyst

TL;DR: Small sale; ownership largely unchanged—minimal signal.

The CFO’s combination of option exercise and subsequent sale is routine portfolio management. Net disposition of 1,500 shares is immaterial versus a remaining stake exceeding 521k shares. The $87.54 sale price is well above the $7.99 exercise cost, but the proceeds represent a fraction of overall insider holdings. There is no indication of broad strategic intent or financial distress. Market impact is expected to be neutral.

Corporate Governance Expert

TL;DR: Rule 10b5-1 plan mitigates governance concerns.

The sale was executed under a pre-arranged Rule 10b5-1 plan adopted 01/15/2025, aligning with best-practice governance standards and reducing the risk of information-based trading allegations. Continued sizable ownership aligns management’s incentives with shareholders. No red flags emerge from this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gottschalk Max

(Last) (First) (Middle)

244 5TH AVENUE

SUITE 1219

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Perfect Moment Ltd. [ PMNT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/03/2025		P		20,000(1)	A	$0.289(2)	2,044,447	I	By Joachim Gottschalk & Associates Ltd.(3)
Common Stock	07/07/2025		P		20,000(1)	A	$0.2738(4)	2,064,447	I	By Joachim Gottschalk & Associates Ltd.(3)
Common Stock	07/07/2025		P		5,900(1)	A	$0.2842	52,920	D
Common Stock								3,479,491	I	By Fermain Limited(6)
Common Stock								316,600	I	By Reporting Person's Spouse(5)
Series AA Preferred Stock								344,797	I	By Joachim Gottschalk & Associates Ltd.(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The aggregate number of shares of Issuer's Class A common stock (the "Shares") purchased by the Reporting Person on the same day at different prices.

2. Represents the weighted average purchase price. The Shares were purchased at prices ranging from $0.283 to $0.2990 per share. Full information regarding the number of Shares sold at each price shall be provided to the Securities and Exchange Commission staff (the "Staff"), Issuer or any security holder, upon request.

3. The Gottschalk Family Trust is the 100% owner of Joachim Gottschalk & Associates Ltd. and Credit Suisse Trust Limited is the Trustee of the Gottschalk Family Trust. Credit Suisse Trust Limited takes direction from the Reporting Person's Spouse, as a beneficiary of the Gottschalk Family Trust. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission that the Reporting Person is a beneficial owner of the securities reported in this filing for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

4. Represents the weighted average purchase price. The Shares were purchased at prices ranging from $0.27 to $0.2725 per share. Full information regarding the number of Shares sold at each price shall be provided to the Securities and Exchange Commission staff, Issuer or any security holder, upon request.

5. Shares owned by Reporting Person's spouse Jane Gottschalk. Reporting Person and his spouse each share voting and dispositive control over the shares of common stock beneficially owned by the other.

6. Fermain Limited ("Fermain") is controlled by Reporting Person and his spouse, Jane Gottschalk, each of whom shares voting and dispositive control over Fermain's shares with no single person controlling investment or voting decisions with respect to such shares. Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any. Inclusion of shares owned by Fermain shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended..

Remarks:

	/s/ Max Gottschalk	07/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Rubrik (RBRK) shares did the CFO sell?

3,500 Class A shares were sold on 07/09/2025 at $87.54 each.

Did the Rubrik CFO exercise any stock options?

Yes, 2,000 options were exercised at a $7.99 strike price, converting into Class A shares.

What is the CFO’s remaining Rubrik shareholding after the transactions?

He directly owns 521,595 Class A shares plus 70,450 derivative securities.

Was the sale made under a Rule 10b5-1 trading plan?

Yes, the filing states the sale occurred under a Rule 10b5-1 plan adopted 01/15/2025.

Is the insider transaction likely to impact RBRK stock materially?

Given the small net sale (≈1,500 shares) relative to total outstanding shares, the market impact is expected to be minimal.