Sinha Bipul's Form 4 filing
Rubrik, Inc. (RBRK) · filed Dec 13, 2024
- Accession no.
- 0001415889-24-029360
- Filed
- Dec 13, 2024
- Trade date
- Dec 13, 2024
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 3 derivative transactions. Open-market sales total $81.4M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Sinha BipulCIK 0001685768 | Director, Officer (Chairman of the Board and CEO), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 13, 2024 | Class A Common Stock | CConversionAcquired | +1,500,082 | –F1 | – | 1,531,394 | Direct | |
| Dec 13, 2024 | Class A Common Stock | SSaleDisposed | −1,158,082 | $70.25 | −$81,355,260.5 | 373,312 | Direct | |
| Dec 13, 2024 | Class A Common Stock | GGiftDisposed | −342,000 | $0.00 | $0 | 31,312 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 13, 2024 | Class B Common Stock | MOption exerciseDisposed | −1,158,082 | $0.00 | $0 | 0 | Direct | |
| Dec 13, 2024 | Class A Common Stock | MOption exerciseAcquired | +1,158,082 | $0.00 | $0 | 13,500,728 | Direct | |
| Dec 13, 2024 | Class A Common Stock | CConversionDisposed | −1,500,082 | $0.00 | $0 | 12,000,646 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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 is also convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Represents conversions of shares of Class B Common Stock into shares of Class A Common Stock prior to the execution of the block sale and gifts described in the "Remarks" section of this report.
Referenced by the price of 1 transaction in Table I.
Remarks
On December 13, 2024, Mr. Sinha, the Reporting Person, executed a block sale of 1,158,082 shares of Class A common stock (the "Block Shares") at $70.25 per share, following receipt by the Reporting Person of the Block Shares upon the vesting and settlement of the Reporting Person's performance-based restricted stock units (the "PSU"), which were initially granted in May 2018. A majority of the proceeds from the sale of the Block Shares was used to satisfy tax withholding obligations due upon the settlement of the applicable tranche of the PSU. In addition, on December 13, 2024, the Reporting Person executed gifts of a total of 342,000 shares of Class A common stock, upon conversion of an equal number of shares of Class B common stock previously held by the Reporting Person.