Rubrik, Inc. (NYSE: RBRK) director entities log share conversions and a small stock sale
Rhea-AI Filing Summary
Rubrik, Inc. director-associated entities reported a mix of share conversions, restructurings and a small sale of Class A Common Stock. Lightspeed Management Company, L.L.C. sold 3,979 Class A shares at a weighted average price of $71.49 per share, leaving it with no reported Class A holdings after the sale.
Multiple Lightspeed funds and SPVs converted Class B Common Stock into Class A Common Stock and made in-kind distributions to their partners and members, moving shares among affiliated entities. Ravi Mhatre shares voting and dispositive power over these vehicles but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
27 txns
Insider
Mhatre Ravi
Role
Director
Sold
3,979 shs ($284K)
Approx. gross sale proceeds
$284K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,979 | $71.49 | $284K |
| Conversion | Class B Common Stock | 1,040,590 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 241,577 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 470,148 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 370,033 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 259,005 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 1,040,590 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 241,577 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 470,148 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 370,033 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 259,005 | $0.00 | $0.00 |
| Other | Class A Common Stock | 1,040,590 | $0.00 | $0.00 |
| Other | Class A Common Stock | 271,855 | $0.00 | $0.00 |
| Other | Class A Common Stock | 271,855 | $0.00 | $0.00 |
| Other | Class A Common Stock | 241,577 | $0.00 | $0.00 |
| Other | Class A Common Stock | 51,215 | $0.00 | $0.00 |
| Other | Class A Common Stock | 51,215 | $0.00 | $0.00 |
| Other | Class A Common Stock | 470,148 | $0.00 | $0.00 |
| Other | Class A Common Stock | 370,033 | $0.00 | $0.00 |
| Other | Class A Common Stock | 259,005 | $0.00 | $0.00 |
| Other | Class A Common Stock | 94,030 | $0.00 | $0.00 |
| Other | Class A Common Stock | 94,030 | $0.00 | $0.00 |
| Other | Class A Common Stock | 3,979 | $0.00 | $0.00 |
| Other | Class A Common Stock | 11,874 | $0.00 | $0.00 |
| Other | Class A Common Stock | 34,399 | $0.00 | $0.00 |
| Other | Class A Common Stock | 6,308 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,121,772 shares (Indirect, By Lightspeed Venture Partners IX, L.P.);
Class B Common Stock — 724,730 shares (Indirect, By Lightspeed Venture Partners Select II, L.P.);
Class B Common Stock — 1,410,445 shares (Indirect, By Lightspeed SPV I, LLC);
Class B Common Stock — 1,110,100 shares (Indirect, By Lightspeed SPV I-B, LLC);
Class B Common Stock — 777,013 shares (Indirect, By Lightspeed SPV I-C, LLC);
Class A Common Stock — 0 shares (Indirect, By Lightspeed Venture Partners IX, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed General Partner IX, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed Venture Partners Select II, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed General Partner Select II, L.P.);
Class A Common Stock — 0 shares (Indirect, By Lightspeed SPV I, LLC);
Class A Common Stock — 0 shares (Indirect, By Lightspeed SPV I-B, LLC);
Class A Common Stock — 0 shares (Indirect, By Lightspeed SPV I-C, LLC);
Class A Common Stock — 0 shares (Indirect, By LS SPV Management, LLC);
Class A Common Stock — 113,477 shares (Direct);
Class A Common Stock — 477,138 shares (Indirect, By Mhatre Investments LP - Fund 2);
Class A Common Stock — 90,217 shares (Indirect, By Mhatre Investments LP - Fund 3);
Class A Common Stock — 0 shares (Indirect, By Lightspeed Management Company, L.L.C.);
Class A Common Stock — 649 shares (Indirect, By Trust)
Footnotes (28)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. Represents an in-kind distribution by Lightspeed IX without consideration to its partners (including LGP IX).
- F7. Represents receipt of shares in the distribution in kind described in footnote (6).
- F8. 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.
- F9. Represents an in-kind distribution by LGP IX without consideration to its partners.
- F10. Represents an in-kind distribution by Lightspeed Select II without consideration to its partners (including LGP Select II).
- F11. Represents receipt of shares in the distribution in kind described in footnote (10).
- F12. 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.
- F13. Represents an in-kind distribution by LGP Select II without consideration to its partners.
- F14. Represents an in-kind distribution by Lightspeed SPV I without consideration to its members.
- F15. Represents an in-kind distribution by Lightspeed SPV I-B without consideration to its members.
- F16. Represents an in-kind distribution by Lightspeed SPV I-C without consideration to its members.
- F17. Represents receipt of shares in the distribution in kind described in footnote (14).
- F18. 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.
- F19. Represents an in-kind distribution by LS SPV without consideration to its members.
- F20. Represents receipt of shares in the distribution in kind described in footnote (9).
- F21. Represents receipt of shares in the distribution in kind described in footnote (13).
- F22. 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.
- F23. Represents receipt of shares in the distribution in kind described in footnote (19).
- F24. The Reporting Person serves as trustee of the general partner of Mhatre Investments LP - Fund 2.
- F25. The Reporting Person serves as trustee of the general partner of Mhatre Investments LP - Fund 3.
- F26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.36 to $71.58 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.
- F27. The Reporting Person is the trustee of the Mhatre 2011 Irrevocable Children's Trust.
- F28. 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: 3,979 Class A shares
Sale price: $71.49 per share
Net buy/sell shares: -3,979 shares
+4 more
7 metrics
Open-market sale
3,979 Class A shares
Sold by Lightspeed Management Company, L.L.C. at $71.49
Sale price
$71.49 per share
Weighted average price; trades between $71.36 and $71.58
Net buy/sell shares
-3,979 shares
Net selling across buy/sell transactions in this Form 4
Derivative conversions
2,381,353 shares
Class A shares from conversion of Class B by Lightspeed entities
Restructuring-related shares
3,272,113 shares
Shares moved via “J” code in-kind distributions and restructurings
Lightspeed Venture Partners IX Class A
1,040,590 shares
Class A Common Stock held after conversion by Lightspeed Venture Partners IX, L.P.
Lightspeed Venture Partners IX Class B
3,121,772 shares
Class B Common Stock remaining after conversion at Lightspeed Venture Partners IX, L.P.
Key Terms
in-kind distribution, weighted average price, derivative conversion, Class B Common Stock, +1 more
5 terms
in-kind distribution financial
"Represents an in-kind distribution by Lightspeed IX without consideration to its partners"
A distribution of value to shareholders or beneficiaries made by transferring assets instead of paying cash, such as shares, bonds, or property. Like receiving a box of goods rather than money, it changes what you hold rather than adding liquid funds; investors care because it affects a portfolio’s composition, liquidity, tax reporting, and cost basis for the received assets.
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.
derivative conversion financial
"Conversion of derivative security"
Class B Common Stock financial
"Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock"
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein"
FAQ
What are the in-kind distributions mentioned in the Rubrik (RBRK) Form 4 footnotes?
The filing describes multiple in-kind distributions where Lightspeed funds and general partners distributed Rubrik shares to their partners or members without cash consideration. These appear as “J” code transactions, moving shares among Lightspeed vehicles and recipients while not reflecting open-market buying or selling activity.
Did this Rubrik (RBRK) Form 4 indicate any remaining derivative positions?
The derivative summary shows no remaining derivative positions after the reported conversions. Class B Common Stock positions at several Lightspeed entities were converted into Class A Common Stock, and the transaction summary records 2,381,353 shares involved in these derivative conversion events across five separate Lightspeed-related vehicles.
AI-generated analysis. How Rhea-AI works. Not financial advice.
