Rubrik (RBRK) CFO trades stock: option exercise and 20,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rubrik, Inc. Chief Financial Officer Kiran Kumar Choudary reported an exercise-and-sale transaction involving company stock. He exercised stock options to acquire 5,000 shares of Class B Common Stock at an exercise price of $7.99 per share, then converted those shares into Class A Common Stock on a one-for-one basis. He subsequently sold a total of 20,000 shares of Class A Common Stock in open-market transactions at weighted average prices ranging from $49.90 to $53.18 per share under a pre-arranged Rule 10b5-1 trading plan adopted on October 15, 2025. Following these transactions, he directly holds 556,001 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insights
CFO exercised options and sold shares under a pre-set plan, while keeping a large remaining stake.
Rubrik’s Chief Financial Officer, Kiran Kumar Choudary, exercised stock options for 5,000 shares at an exercise price of $7.99 per share and converted Class B into Class A Common Stock. He then sold 20,000 Class A shares in several open-market trades.
The sales occurred at weighted average prices between $49.90 and $53.18 per share pursuant to a Rule 10b5-1 trading plan adopted on October 15, 2025, indicating the timing was pre-arranged. After these trades, he still directly owns 556,001 Class A shares, so the dispositions represent a relatively small portion of his disclosed holdings.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($1,033,733)
Net Sell
8 txns
Insider
Choudary Kiran Kumar
Role
Chief Financial Officer
Sold
20,000 shs ($1.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 5,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 5,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 5,000 | $0.00 | -- |
| Sale | Class A Common Stock | 3,900 | $50.66 | $198K |
| Sale | Class A Common Stock | 10,000 | $51.51 | $515K |
| Sale | Class A Common Stock | 5,200 | $52.55 | $273K |
| Sale | Class A Common Stock | 900 | $53.11 | $48K |
Holdings After Transaction:
Stock Option (Right to Buy) — 31,450 shares (Direct);
Class B Common Stock — 5,000 shares (Direct);
Class A Common Stock — 569,901 shares (Direct)
Footnotes (1)
- This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, adopted October 15, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.90 to $50.89 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.91 to $51.90 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.97 to $52.94 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.18 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote. 1/4 of the shares subject to the option vested on August 20, 2019, and 1/48 of the shares vested monthly thereafter. 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.
Key Figures
Options exercised: 5,000 shares
Exercise price: $7.99/share
Shares sold: 20,000 shares
+5 more
8 metrics
Options exercised
5,000 shares
Stock option exercise at $7.99 per share
Exercise price
$7.99/share
Stock Option (Right to Buy) for Class B Common Stock
Shares sold
20,000 shares
Total Class A Common Stock sold in open-market trades
Sale price tranche 1
$50.66/share
Weighted average for 3,900-share sale
Sale price tranche 2
$51.51/share
Weighted average for 10,000-share sale
Sale price tranche 3
$52.55/share
Weighted average for 5,200-share sale
Sale price tranche 4
$53.11/share
Weighted average for 900-share sale
Post-transaction holdings
556,001 shares
Class A Common Stock directly owned after transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class B Common Stock, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, adopted October 15, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class B Common Stock financial
"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..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"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."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Rubrik (RBRK) CFO Kiran Kumar Choudary report?
He reported exercising stock options for 5,000 shares and selling 20,000 Class A Common shares. The activity combined derivative exercises, conversion from Class B to Class A stock, and open-market sales disclosed on the same transaction date.
Were the Rubrik (RBRK) CFO stock sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted on October 15, 2025. Such plans pre-schedule trades, indicating the sale timing was set in advance rather than made on a discretionary basis.
What options did the Rubrik (RBRK) CFO exercise in this Form 4 filing?
He exercised a stock option covering 5,000 shares of Class B Common Stock with an exercise price of $7.99 per share. Those Class B shares then converted into Class A Common Stock on a one-for-one basis as described in the company’s charter terms.
What do the weighted average prices in the Rubrik (RBRK) Form 4 indicate?
The filing notes each reported sale price is a weighted average across multiple trades within a price range. For example, one group ranges from $49.90 to $50.89, and the reporting person offers to provide exact per-trade details upon request.