Rubrik (NYSE: RBRK) director reports share conversions and sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rubrik, Inc. director Ravi Mhatre reported complex equity movements across Lightspeed-related investment vehicles. On 2026-07-13, Lightspeed Management Company, L.L.C. sold 3979 shares of Class A Common Stock at a weighted average price of 83.1000 per share, leaving that entity with no Class A holdings. On 2026-07-10, affiliated funds and SPVs converted a total of 2381353 Class B shares into Class A and recorded multiple in-kind distributions among partnerships and members. Footnotes state that Mhatre shares voting and dispositive power over these entities and disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,979 shares ($330,655)
Net Sell
27 txns
Insider
Mhatre Ravi
Role
Director
Sold
3,979 shs ($331K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,979 | $83.10 | $331K |
| Conversion | Class B Common Stock | 1,040,590 | $0.00 | -- |
| Conversion | Class B Common Stock | 241,577 | $0.00 | -- |
| Conversion | Class B Common Stock | 470,148 | $0.00 | -- |
| Conversion | Class B Common Stock | 370,033 | $0.00 | -- |
| Conversion | Class B Common Stock | 259,005 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,040,590 | $0.00 | -- |
| Conversion | Class A Common Stock | 241,577 | $0.00 | -- |
| Conversion | Class A Common Stock | 470,148 | $0.00 | -- |
| Conversion | Class A Common Stock | 370,033 | $0.00 | -- |
| Conversion | Class A Common Stock | 259,005 | $0.00 | -- |
| Other | Class A Common Stock | 1,040,590 | $0.00 | -- |
| Other | Class A Common Stock | 271,855 | $0.00 | -- |
| Other | Class A Common Stock | 271,855 | $0.00 | -- |
| Other | Class A Common Stock | 241,577 | $0.00 | -- |
| Other | Class A Common Stock | 51,215 | $0.00 | -- |
| Other | Class A Common Stock | 51,215 | $0.00 | -- |
| Other | Class A Common Stock | 470,148 | $0.00 | -- |
| Other | Class A Common Stock | 370,033 | $0.00 | -- |
| Other | Class A Common Stock | 259,005 | $0.00 | -- |
| Other | Class A Common Stock | 94,030 | $0.00 | -- |
| Other | Class A Common Stock | 94,030 | $0.00 | -- |
| Other | Class A Common Stock | 3,979 | $0.00 | -- |
| Other | Class A Common Stock | 11,874 | $0.00 | -- |
| Other | Class A Common Stock | 34,399 | $0.00 | -- |
| Other | Class A Common Stock | 6,308 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, By Lightspeed Management Company, L.L.C.);
Class B Common Stock — 2,081,182 shares (Indirect, By Lightspeed Venture Partners IX, L.P.);
Class A Common Stock — 125,351 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. 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 (6). 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 (10). 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 (14). 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 (9). Represents receipt of shares in the distribution in kind described in footnote (13). 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 (19). 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 $82.81 to $83.33 inclusive. The Reporting Persons undertake 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.
Key Figures
Open-market sale shares: 3979 shares
Open-market weighted average price: 83.1000 per share
Shares converted from Class B to Class A: 2381353 shares
+3 more
6 metrics
Open-market sale shares
3979 shares
Class A Common Stock sold indirectly by Lightspeed Management Company, L.L.C. on 2026-07-13
Open-market weighted average price
83.1000 per share
Weighted average price for 3979 Class A shares sold on 2026-07-13
Shares converted from Class B to Class A
2381353 shares
Total derivative conversions of Class B into Class A across affiliated entities
Class A after conversion (Lightspeed Venture Partners IX, L.P.)
1040590 shares
Class A Common Stock held after Class B conversion by Lightspeed Venture Partners IX, L.P.
Direct Class A holding after restructuring
125351 shares
Class A Common Stock directly owned after in-kind distributions tied to Mhatre Investments LP - Fund 3
Class B remaining (Lightspeed Venture Partners IX, L.P.)
2081182 shares
Class B Common Stock remaining after conversions by Lightspeed Venture Partners IX, L.P.
Key Terms
in-kind distribution, derivative security, weighted average price, dispositive power, +1 more
5 terms
in-kind distribution financial
"Represents an in-kind distribution by Lightspeed IX without consideration to its partners"
derivative security financial
"transaction_code_description": "Conversion of derivative security""
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.
weighted average price financial
"The price reported 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.
dispositive power regulatory
"shares voting and dispositive power with respect to the shares held"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interest regulatory
"disclaims beneficial ownership of these shares except to the extent of his pecuniary interest"
FAQ
What insider transactions did Ravi Mhatre report for Rubrik (RBRK)?
Ravi Mhatre reported one open-market sale of 3979 Class A shares by Lightspeed Management Company, L.L.C. at a weighted average 83.1000 per share, plus extensive Class B-to-Class A conversions and in-kind distributions among multiple Lightspeed funds and SPVs on 2026-07-10.
Did entities associated with Ravi Mhatre retain Rubrik (RBRK) holdings after these transactions?
Yes. After the July 10 transactions, entities linked to Mhatre held substantial Class A and Class B positions, including 1040590 Class A shares at Lightspeed Venture Partners IX, L.P. and 125351 Class A shares directly, alongside other indirect holdings through funds and SPVs.