[Form 4] Rubrik, Inc. Insider Trading Activity

Q: How many Redfin (RDFN) shares did David H. Lissy receive on 26 Jun 2025?

93,738 shares (19,668 RSUs + 74,070 deferred RSUs) converted into common stock without cash payment.

Q: Why were the deferred RSUs settled before their original schedule?

Settlement was triggered by the pending merger with Rocket Companies, a qualifying change-in-control event under Redfin’s director deferral plan.

Q: What is Lissy’s total direct ownership after the transaction?

He now holds 113,573 Redfin common shares directly.

Q: How many Redfin shares does Lissy hold indirectly through trusts?

He controls 50,000 shares via four revocable family trusts (20k, 10k, 10k, 10k).

Q: Does this Form 4 signal insider buying or selling?

No. The filing records a non-cash equity conversion; it does not reflect an open-market purchase or sale.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Form 4 overview: Redfin Corporation (RDFN) director David H. Lissy reported the settlement of previously granted equity awards on 26 Jun 2025, triggered by the company’s pending acquisition by Rocket Companies.

Transactions: 19,668 restricted stock units (RSUs) and 74,070 deferred RSUs/phantom shares converted one-for-one into common stock under an automatic “M” code (no cash paid).
Total shares acquired: 93,738.
Post-transaction direct ownership: 113,573 common shares.
Indirect ownership: 50,000 shares held across four revocable family trusts; the filer disclaims beneficial ownership beyond his pecuniary interest.
Merger linkage: Settlement occurred because RSUs vest or settle upon change-in-control events under Redfin’s director deferral plan and Equity Incentive Plan.

The filing reflects an administrative equity conversion rather than an open-market purchase or sale, and therefore has limited immediate market impact. Nonetheless, it confirms that insider equity awards are being accelerated in anticipation of the Rocket–Redfin merger, a procedural indicator the deal remains on track.

Insights

TL;DR Routine RSU settlement—93.7 k shares converted ahead of Rocket takeover; confirms deal mechanics, but no trading signal.

The “M” coded conversion simply reflects automatic vesting of director equity upon the change-in-control trigger built into Redfin’s compensation plans. No cash was exchanged and Lissy did not increase economic exposure beyond what was previously granted. Direct ownership rises to 113,573 shares, with another 50,000 held via family trusts. Because these shares were already accounted for in fully diluted share count, dilution or insider sentiment implications are minimal. The key takeaway is procedural: deferred RSUs are being settled, suggesting the merger process is advancing as scheduled. From a valuation standpoint this is neutral; investors should focus instead on merger terms and regulatory approvals.

06/30/2025 - 09:27 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mhatre Ravi

(Last)

(First)

(Middle)

2200 SAND HILL ROAD

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Rubrik, Inc. [ RBRK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/26/2025		C		4,440,000	A	$0	4,440,000	I	By Lightspeed Venture Partners IX, L.P.⁽¹⁾
Class A Common Stock	06/26/2025		C		1,031,000	A	$0	1,031,000	I	By Lightspeed Venture Partners Select II, L.P.⁽²⁾
Class A Common Stock	06/26/2025		C		2,004,000	A	$0	2,004,000	I	By Lightspeed SPV I, LLC⁽³⁾
Class A Common Stock	06/26/2025		C		1,274,000	A	$0	1,274,000	I	By Lightspeed SPV I-B, LLC⁽⁴⁾
Class A Common Stock	06/26/2025		C		892,000	A	$0	892,000	I	By Lightspeed SPV I-C, LLC⁽⁵⁾
Class A Common Stock	06/26/2025		J⁽⁶⁾		4,440,000	D	$0	0	I	By Lightspeed Venture Partners IX, L.P.⁽¹⁾
Class A Common Stock	06/26/2025		J⁽⁷⁾		1,159,950	A	$0	1,159,950	I	By Lightspeed General Partner IX, L.P.⁽⁸⁾
Class A Common Stock	06/26/2025		J⁽⁹⁾		1,159,950	D	$0	0	I	By Lightspeed General Partner IX, L.P.⁽⁸⁾
Class A Common Stock	06/26/2025		J⁽¹⁰⁾		1,031,000	D	$0	0	I	By Lightspeed Venture Partners Select II, L.P.⁽²⁾
Class A Common Stock	06/26/2025		J⁽¹¹⁾		218,572	A	$0	218,572	I	By Lightspeed General Partner Select II, L.P.⁽¹²⁾
Class A Common Stock	06/26/2025		J⁽¹³⁾		218,572	D	$0	0	I	By Lightspeed General Partner Select II, L.P.⁽¹²⁾
Class A Common Stock	06/26/2025		J⁽¹⁴⁾		2,004,000	D	$0	0	I	By Lightspeed SPV I, LLC⁽³⁾
Class A Common Stock	06/26/2025		J⁽¹⁵⁾		1,274,000	D	$0	0	I	By Lightspeed SPV I-B, LLC⁽⁴⁾
Class A Common Stock	06/26/2025		J⁽¹⁶⁾		892,000	D	$0	0	I	By Lightspeed SPV I-C, LLC⁽⁵⁾
Class A Common Stock	06/26/2025		J⁽¹⁷⁾		400,800	A	$0	400,800	I	By LS SPV Management, LLC⁽¹⁸⁾
Class A Common Stock	06/26/2025		J⁽¹⁹⁾		400,800	D	$0	0	I	By LS SPV Management, LLC⁽¹⁸⁾
Class A Common Stock	06/26/2025		J⁽²⁰⁾⁽²¹⁾		16,984	A	$0	16,984	I	By Lightspeed Management Company, L.L.C.⁽²²⁾
Class A Common Stock	06/26/2025		J⁽²³⁾		50,614	A	$0	81,842	D
Class A Common Stock	06/26/2025		J⁽²⁰⁾		146,773	A	$0	396,874	I	By Mhatre Investments LP - Fund 2⁽²⁴⁾
Class A Common Stock	06/26/2025		J⁽²¹⁾		26,922	A	$0	75,499	I	By Mhatre Investments LP - Fund 3⁽²⁵⁾
Class A Common Stock								649	I	By Trust⁽²⁶⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽²⁷⁾	06/26/2025		C			4,440,000	⁽²⁷⁾	⁽²⁷⁾	Class A Common Stock	4,440,000	$0	5,549,816	I	By Lightspeed Venture Partners IX, L.P.⁽¹⁾
Class B Common Stock	⁽²⁷⁾	06/26/2025		C			1,031,000	⁽²⁷⁾	⁽²⁷⁾	Class A Common Stock	1,031,000	$0	1,288,410	I	By Lightspeed Venture Partners Select II, L.P.⁽²⁾
Class B Common Stock	⁽²⁷⁾	06/26/2025		C			2,004,000	⁽²⁷⁾	⁽²⁷⁾	Class A Common Stock	2,004,000	$0	2,507,457	I	By Lightspeed SPV I, LLC⁽³⁾
Class B Common Stock	⁽²⁷⁾	06/26/2025		C			1,274,000	⁽²⁷⁾	⁽²⁷⁾	Class A Common Stock	1,274,000	$0	1,973,511	I	By Lightspeed SPV I-B, LLC⁽⁴⁾
Class B Common Stock	⁽²⁷⁾	06/26/2025		C			892,000	⁽²⁷⁾	⁽²⁷⁾	Class A Common Stock	892,000	$0	1,381,358	I	By Lightspeed SPV I-C, LLC⁽⁵⁾
Class B Common Stock	⁽²⁷⁾							⁽²⁷⁾	⁽²⁷⁾	Class A Common Stock	101,659		101,659	I	By Lightspeed Venture Partners X, L.P.⁽²⁸⁾

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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 IB. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

5. 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 IC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

6. Represents an in-kind distribution by Lightspeed IX without consideration to its partners (including LGP IX).

7. Represents receipt of shares in the distribution in kind described in footnote (6).

8. 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.

9. Represents an in-kind distribution by LGP IX without consideration to its partners.

10. Represents an in-kind distribution by Lightspeed Select II without consideration to its partners (including LGP Select II).

11. Represents receipt of shares in the distribution in kind described in footnote (10).

12. 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.

13. Represents an in-kind distribution by LGP Select II without consideration to its partners.

14. Represents an in-kind distribution by Lightspeed SPV I without consideration to its members.

15. Represents an in-kind distribution by Lightspeed SPV I-B without consideration to its members.

16. Represents an in-kind distribution by Lightspeed SPV I-C without consideration to its members.

17. Represents receipt of shares in the distribution in kind described in footnote (14).

18. 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.

19. Represents an in-kind distribution by LS SPV without consideration to its members.

20. Represents receipt of shares in the distribution in kind described in footnote (9).

21. Represents receipt of shares in the distribution in kind described in footnote (13).

22. 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.

23. Represents receipt of shares in the distribution in kind described in footnote (19).

24. The Reporting Person serves as trustee of the general partner of Mhatre Investments LP - Fund 2.

25. The Reporting Person serves as trustee of the general partner of Mhatre Investments LP - Fund 3.

26. The Reporting Person is the trustee of the Mhatre 2011 Irrevocable Children's Trust.

27. 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.

28. 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.

	/s/ Ravi Mhatre	06/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many Redfin (RDFN) shares did David H. Lissy receive on 26 Jun 2025?

93,738 shares (19,668 RSUs + 74,070 deferred RSUs) converted into common stock without cash payment.

Why were the deferred RSUs settled before their original schedule?

Settlement was triggered by the pending merger with Rocket Companies, a qualifying change-in-control event under Redfin’s director deferral plan.

What is Lissy’s total direct ownership after the transaction?

He now holds 113,573 Redfin common shares directly.

How many Redfin shares does Lissy hold indirectly through trusts?

He controls 50,000 shares via four revocable family trusts (20k, 10k, 10k, 10k).

Does this Form 4 signal insider buying or selling?

No. The filing records a non-cash equity conversion; it does not reflect an open-market purchase or sale.

[Form 4] Rubrik, Inc. Insider Trading Activity

Insights

FAQ

How many Redfin (RDFN) shares did David H. Lissy receive on 26 Jun 2025?

Why were the deferred RSUs settled before their original schedule?

What is Lissy’s total direct ownership after the transaction?

How many Redfin shares does Lissy hold indirectly through trusts?

Does this Form 4 signal insider buying or selling?

NYSE:RBRK

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[Form 4] Rubrik, Inc. Insider Trading Activity

Insights

Securities Analyst neutral

FAQ

How many Redfin (RDFN) shares did David H. Lissy receive on 26 Jun 2025?

Why were the deferred RSUs settled before their original schedule?

What is Lissy’s total direct ownership after the transaction?

How many Redfin shares does Lissy hold indirectly through trusts?

Does this Form 4 signal insider buying or selling?

NYSE:RBRK

RBRK Rankings

RBRK Latest News

RBRK Latest SEC Filings

RBRK Stock Data