Bipul Sinha - Apr 24, 2024 Form 4 Insider Report for Rubrik, Inc. (RBRK)

Role
Chairman of the Board and CEO, Director, 10%+ Owner
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, 09:53 PM
Next filing
May 1, 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 +1.16M $0.00 1.16M Apr 24, 2024 Class B Common Stock 1.16M Direct F1, F2
transaction RBRK Stock Option (Right to Buy) Award $0 +8M $0.00 8M Apr 24, 2024 Class B Common Stock 8M $32.00 Direct F3
* 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: all of the shares subject to the RSU will vest upon the Issuer's achievement of a specified average price per share prior to the expiration of the RSU award, subject to the Reporting Person 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).
F3 The option shall vest and become exercisable as follows: 1/20 of the shares subject to the option vest in twenty equal quarterly installments measured from January 27, 2022 and the Issuer's achievement of specified market valuations, 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) as the full-time Chief Executive Officer (CEO) or co-CEO of the Issuer on each such date.