RBRK Insider Filing: McCarthy Nets 456k Shares Post RSU Conversion
Rhea-AI Filing Summary
Rubrik, Inc. (RBRK) Form 4 filing dated 20-Jun-2025 discloses routine equity activity by Chief Revenue Officer Brian K. McCarthy.
- RSU vesting & conversion: 6,250 Class B RSUs vested and automatically converted into 6,250 Class A shares at a $0 exercise price.
- Sell-to-cover disposal: 4,782 Class A shares were sold on 17-Jun-2025 at an average price of $88.5629 to satisfy tax obligations.
- Post-transaction ownership: McCarthy now directly holds 456,052 Class A shares and 18,750 RSUs/derivatives.
- Transaction codes: “M” for RSU settlement, “C” for automatic conversion, and “S” for the open-market sale.
The sale represents roughly 1.0% of McCarthy’s post-transaction Class A share ownership and appears policy-driven rather than discretionary. No new options were granted, and no changes to corporate fundamentals were reported.
Positive
- Executive retains a large equity stake of 456,052 Class A shares, signalling continued alignment with shareholder interests.
Negative
- Insider sale of 4,782 shares at $88.56 may be interpreted by some investors as modest bearish sentiment, albeit policy-driven.
Insights
TL;DR: Small, policy-driven insider sale; neutral signal for RBRK shareholders.
The Form 4 shows a typical quarterly RSU vesting cycle. McCarthy converted 6,250 RSUs into Class A shares, then sold 4,782 shares (≈$0.42 million) to cover taxes. His net ownership remains substantial at 456k shares, so alignment with shareholders is largely unchanged. Because the sale was mandated by Rubrik’s sell-to-cover policy and amounts to only ~1% of his stake, the filing is viewed as routine and unlikely to affect valuation or sentiment materially.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,250 | $0.00 | -- |
| Exercise | Class B Common Stock | 6,250 | $0.00 | -- |
| Conversion | Class B Common Stock | 6,250 | $0.00 | -- |
| Conversion | Class A Common Stock | 6,250 | $0.00 | -- |
| Sale | Class A Common Stock | 4,782 | $88.5629 | $424K |
Footnotes (1)
- This sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Class B Common Stock. The RSUs shall vest as follows: 1/16 of the shares subject to the RSU vested on June 15, 2022, and 1/16 of the shares subject to the RSU vest every quarter thereafter, and a liquidity event-based vesting condition which was satisfied upon the effectiveness of the registration statement on Form S-1 filed by the Issuer in connection with the Issuer's initial public offering, all subject to the Reporting Person continuing to have a Service Relationship (as defined in the Issuer's Amended and Restated 2014 Stock Option and Grant Plan). 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.
