Rubrik (RBRK) CFO awarded 464,167 RSUs in multi-year vesting plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Choudary Kiran Kumar reported acquisition or exercise transactions in this Form 4 filing.
Rubrik, Inc. reported that its Chief Financial Officer, Kiran Kumar Choudary, received a grant of 464,167 shares of Class A Common Stock in the form of restricted stock units at no cash cost per share. Following this award, he holds 1,014,068 shares directly.
The RSUs vest over time: 2.5% of the grant will vest on each of the first four Quarterly Vesting Dates after March 15, 2026, and the remaining units will vest in 12 equal quarterly installments thereafter, so long as he maintains Continuous Service under the 2024 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Choudary Kiran Kumar
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 464,167 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,014,068 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 464,167 shares
Price per share: $0.00 per share
Shares after grant: 1,014,068 shares
+2 more
5 metrics
RSU grant size
464,167 shares
Restricted stock units of Class A Common Stock granted to CFO
Price per share
$0.00 per share
Reported transaction price for the RSU award
Shares after grant
1,014,068 shares
Total Class A Common Stock directly held by CFO after transaction
Initial vesting rate
2.5% per quarter
Vests on each of the first four Quarterly Vesting Dates after March 15, 2026
Remaining vesting installments
12 installments
Balance of RSUs vest in 12 equal quarterly installments thereafter
Key Terms
restricted stock units, Continuous Service, 2024 Equity Incentive Plan, Quarterly Vesting Date
4 terms
restricted stock units financial
"Represents the grant of restricted stock units ("RSUs") that vest as follows"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Continuous Service financial
"subject to the Reporting Person's Continuous Service (as defined in the 2024 Equity Incentive Plan)"
2024 Equity Incentive Plan financial
"Continuous Service (as defined in the 2024 Equity Incentive Plan) through each applicable vesting date"
Quarterly Vesting Date financial
""Quarterly Vesting Date" shall mean the 15th of each of March, June, September and December"
FAQ
What insider transaction did Rubrik (RBRK) disclose for its CFO?
Rubrik disclosed that CFO Kiran Kumar Choudary received a grant of 464,167 restricted stock units of Class A Common Stock. The grant is a compensation-related award with no cash price per share, increasing his direct holdings to 1,014,068 shares after the transaction.
What is the vesting schedule for the 464,167 RSUs granted by Rubrik (RBRK)?
The 464,167 RSUs vest gradually. 2.5% vest on each of the first four Quarterly Vesting Dates after March 15, 2026, then the remaining units vest in 12 equal quarterly installments, provided the CFO maintains Continuous Service under Rubrik’s 2024 Equity Incentive Plan.
What does “Quarterly Vesting Date” mean in Rubrik (RBRK)’s RSU grant?
For this grant, a Quarterly Vesting Date means the 15th of March, June, September, and December. Portions of the CFO’s 464,167 RSUs vest on these dates, starting after March 15, 2026, so long as he continues to meet the Continuous Service requirement.