Richard Scott Herren - Apr 24, 2024 Form 4 Insider Report for Rubrik, Inc. (RBRK)

Role
Director
Signature
/s/ Anne-Kathrin Lalendran, Attorney-in-Fact
Stock symbol
RBRK
Transactions as of
Apr 24, 2024
Transactions value $
$0
Form type
4
Date filed
4/26/2024, 09:04 PM
Previous filing
Mar 12, 2024
Next filing
May 14, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBRK Restricted Stock Units Award $0 +50K $0.00 50K Apr 24, 2024 Class B Common Stock 50K Direct F1, F2
transaction RBRK Restricted Stock Units Award $0 +25K $0.00 25K Apr 24, 2024 Class B Common Stock 25K Direct F1, F3
transaction RBRK Restricted Stock Units Options Exercise $0 -33.3K -66.66% $0.00 16.7K Apr 25, 2024 Class B Common Stock 33.3K Direct F1, F2
transaction RBRK Restricted Stock Units Options Exercise $0 -16.7K -66.66% $0.00 8.33K Apr 25, 2024 Class B Common Stock 16.7K Direct F1, F3
transaction RBRK Class B Common Stock Options Exercise $0 +50K $0.00 50K Apr 25, 2024 Class A Common Stock 50K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Class B Common Stock.
F2 The shares of Class B Common Stock are to be acquired upon the vesting of an RSU award previously granted to the Reporting Person. The RSUs shall vest as follows: 1/3 of the shares subject to the RSU vested on December 15, 2022, and 1/3 of the shares subject to the RSU vest every year 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 2014 Amended and Restated Stock Option and Grant Plan).
F3 The shares of Class B Common Stock are to be acquired upon the vesting of an RSU award previously granted to the Reporting Person. The RSUs shall vest as follows: 1/3 of the shares subject to the RSU vested on December 15, 2022, and 1/3 of the shares subject to the RSU vest every year 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's continued service as Chair of the Audit Committee of the Issuer's board of directors.
F4 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.