Rubrik (RBRK) director details Lightspeed-related conversions and share sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rubrik, Inc. director Ravi Mhatre reported a series of indirect transactions involving Class A and Class B common stock held through multiple Lightspeed-affiliated investment vehicles. On 12/11/2025, several blocks of Class B common stock automatically converted into Class A common stock at $0 and were moved through in-kind distributions among funds and management entities without cash consideration.
On 12/12/2025, Lightspeed Venture Partners X, L.P. sold 97,658 Class A shares at a weighted average price of $81.67 and 4,001 Class A shares at a weighted average price of $85.5, in each case through multiple trades within stated price ranges, reducing that fund’s Rubrik holdings to zero. Mhatre reports these as indirect positions through the various entities and disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 101,659 shares ($8,317,814)
Net Sell
30 txns
Insider
Mhatre Ravi
Role
Director
Sold
101,659 shs ($8.32M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 97,658 | $81.67 | $7.98M |
| Sale | Class A Common Stock | 4,001 | $85.50 | $342K |
| Conversion | Class B Common Stock | 1,387,454 | $0.00 | -- |
| Conversion | Class B Common Stock | 322,103 | $0.00 | -- |
| Conversion | Class B Common Stock | 626,864 | $0.00 | -- |
| Conversion | Class B Common Stock | 493,378 | $0.00 | -- |
| Conversion | Class B Common Stock | 345,340 | $0.00 | -- |
| Conversion | Class B Common Stock | 101,659 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,387,454 | $0.00 | -- |
| Conversion | Class A Common Stock | 322,103 | $0.00 | -- |
| Conversion | Class A Common Stock | 626,864 | $0.00 | -- |
| Conversion | Class A Common Stock | 493,378 | $0.00 | -- |
| Conversion | Class A Common Stock | 345,340 | $0.00 | -- |
| Conversion | Class A Common Stock | 101,659 | $0.00 | -- |
| Other | Class A Common Stock | 1,387,454 | $0.00 | -- |
| Other | Class A Common Stock | 362,473 | $0.00 | -- |
| Other | Class A Common Stock | 362,473 | $0.00 | -- |
| Other | Class A Common Stock | 322,103 | $0.00 | -- |
| Other | Class A Common Stock | 68,285 | $0.00 | -- |
| Other | Class A Common Stock | 68,285 | $0.00 | -- |
| Other | Class A Common Stock | 626,864 | $0.00 | -- |
| Other | Class A Common Stock | 493,378 | $0.00 | -- |
| Other | Class A Common Stock | 345,340 | $0.00 | -- |
| Other | Class A Common Stock | 125,373 | $0.00 | -- |
| Other | Class A Common Stock | 125,373 | $0.00 | -- |
| Other | Class A Common Stock | 5,307 | $0.00 | -- |
| Other | Class A Common Stock | 15,832 | $0.00 | -- |
| Other | Class A Common Stock | 45,865 | $0.00 | -- |
| Other | Class A Common Stock | 8,410 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 4,001 shares (Indirect, By Lightspeed Venture Partners X, L.P.);
Class B Common Stock — 4,162,362 shares (Indirect, By Lightspeed Venture Partners IX, L.P.);
Class A Common Stock — 97,674 shares (Direct)
Footnotes (1)
- Shares are held by Lightspeed Venture Partners IX, L.P. ("Lightspeed IX"). Lightspeed General Partner IX, L.P. ("LGP IX") is the general partner of Lightspeed IX. Lightspeed Ultimate General Partner IX, Ltd. ("LUGP IX") is the general partner of LGP IX. The Reporting Person is a director of LUGP IX and shares voting and dispositive power with respect to the shares held by Lightspeed IX. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held by Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II"). Lightspeed General Partner Select II, L.P. ("LGP Select II") is the general partner of Lightspeed Select II. Lightspeed Ultimate General Partner Select II, Ltd. ("LUGP Select II") is the general partner of LGP Select II. The Reporting Person is a director of LUGP Select II and shares voting and dispositive power with respect to the shares held by Lightspeed Select II. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held by Lightspeed SPV I, LLC ("Lightspeed SPV I"). LS SPV Management, LLC ("LS SPV") is the manager of Lightspeed SPV I. The Reporting Person is a managing member of LS SPV and shares voting and dispositive power with respect to the shares held by Lightspeed SPV I. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held by Lightspeed SPV I-B, LLC ("Lightspeed SPV I-B"). LS SPV is the manager of Lightspeed SPV I-B. The Reporting Person is a managing member of LS SPV and shares voting and dispositive power with respect to the shares held by Lightspeed SPV I-B. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held by Lightspeed SPV I-C, LLC ("Lightspeed SPV I-C"). LS SPV is the manager of Lightspeed SPV I-C. The Reporting Person is a managing member of LS SPV and shares voting and dispositive power with respect to the shares held by Lightspeed SPV I-C. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are held by Lightspeed Venture Partners X, L.P. ("Lightspeed X"). Lightspeed General Partner X, L.P. ("LGP X") is the general partner of Lightspeed X. Lightspeed Ultimate General Partner X, Ltd. ("LUGP X") is the general partner of LGP X. The Reporting Person is a director of LUGP X and shares voting and dispositive power with respect to the shares held by Lightspeed X. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Represents an in-kind distribution by Lightspeed IX without consideration to its partners (including LGP IX). Represents receipt of shares in the distribution in kind described in footnote (7). Shares are held by LGP IX. LUGP IX is the general partner of LGP IX. The Reporting Person is a director of LUGP IX and shares voting and dispositive power with respect to the shares held by LGP IX. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Represents an in-kind distribution by LGP IX without consideration to its partners. Represents an in-kind distribution by Lightspeed Select II without consideration to its partners (including LGP Select II). Represents receipt of shares in the distribution in kind described in footnote (11). Shares are held by LGP Select II. LUGP Select II is the general partner of LGP Select II. The Reporting Person is a director of LUGP Select II and shares voting and dispositive power with respect to the shares held by LGP Select II. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Represents an in-kind distribution by LGP Select II without consideration to its partners. Represents an in-kind distribution by Lightspeed SPV I without consideration to its members. Represents an in-kind distribution by Lightspeed SPV I-B without consideration to its members. Represents an in-kind distribution by Lightspeed SPV I-C without consideration to its members. Represents receipt of shares in the distribution in kind described in footnote (15). Shares are held by LS SPV. The Reporting Person is a managing member of LS SPV and shares voting and dispositive power with respect to the shares held by LS SPV. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Represents an in-kind distribution by LS SPV without consideration to its members. Represents receipt of shares in the distribution in kind described in footnote (10). Represents receipt of shares in the distribution in kind described in footnote (14). Shares are held by Lightspeed Management Company, L.L.C. ("LMC"). The Reporting Person is a managing member of LMC and shares voting and dispositive power with respect to the shares held by LMC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Represents receipt of shares in the distribution in kind described in footnote (20). The Reporting Person serves as trustee of the general partner of Mhatre Investments LP - Fund 2. The Reporting Person serves as trustee of the general partner of Mhatre Investments LP - Fund 3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.275 to $82.19 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.04 to $85.99 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The Reporting Person is the trustee of the Mhatre 2011 Irrevocable Children's Trust. Each share of Class B Common Stock 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 is also convertible at any time at the option of the holder into one share of Class A Common Stock.
FAQ
What insider activity did Rubrik (RBRK) director Ravi Mhatre report?
Ravi Mhatre reported indirect transactions in Rubrik Class A and Class B common stock held through multiple Lightspeed-affiliated funds, including automatic conversions of Class B into Class A shares at $0 and subsequent movements via in-kind distributions among partnerships and management entities.