Rubrik CFO Sells $2.5 Million Worth of Stock Under Rule 10b5-1 Plan
Kiran Kumar Choudary, Chief Financial Officer of Rubrik (RBRK), sold approximately $2.5 million worth of shares in a series of transactions between September 15 and 17, 2026. The sale included both discretionary and non-discretionary components; 13,995 shares were withheld for tax purposes while the remaining 10,000 shares were sold under a Rule 10b5-1 trading plan established in April 2026. Following these transactions, Choudary still holds over 958,078 shares of Rubrik stock directly and maintains derivative securities. The post-sale value of his remaining stake is approximately $103.3 million based on the weighted average sale price during those days. As of September 17, 2026, Rubrik's share price closed at $107.83 with a market capitalization of around $22 billion and trailing twelve-month revenue of $1.5 billion. Analysts suggest that this insider activity should not raise concerns for investors since it was conducted under an established trading plan designed to avoid the appearance of using non-public information.
Tickers: $RBRK
Topics: 10b5-1 plan insider selling Rubrik stock transactions