{
  "id": 18237237,
  "title": "Rubrik CTO Arvind Nithrakashyap sells $4.5M in company stock",
  "url": "https://urgent.news/2026/11/05/rubrik-cto-arvind-nithrakashyap-sells-4-5m-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T03:16:09.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/rubrik-cto-arvind-nithrakashyap-sells-45m-in-company-stock-93CH-5002106"
  },
  "original_language": "en",
  "account": "Chief Technology Officer and director Arvind Nithrakashyap at Rubrik, Inc. (NYSE:RBRK) sold $4.5 million worth of company stock in three transactions over early November 2026. The insider trades, executed under a pre-approved Rule 10b5-1 trading plan, were spread out across November 2, 3, and 4. Over the course of those three days, Nithrakashyap disposed of 38,790 shares of Rubrik's Class A common stock. The share price ranged during this period, from $114.17 to $122.42 per share. Notably, Nithrakashyap also converted $0 for 12,820 shares of Class B common stock into an equivalent amount of Class A stock each day during this period. This convertion brought his direct ownership to 272,538 shares of Class A stock, in addition to an indirect stake of 200,000 shares through his Nithrakashyap/Chatterjee Revocable Trust. Analysts are mixed on Rubrik's current valuation, with some suggesting it is overpriced given its 11% decline in the past week and 64% increase over the past year.",
  "summary": null,
  "key_points": [
    "CTO Arvind Nithrakashyap sold $4.5M in Rubrik stock in November 2026",
    "Traded 38,790 shares at $114.17-$122.42 per share over 3 days",
    "Converted $0 for 12,820 Class B shares to Class A, increasing ownership"
  ],
  "editors_take": "The use of a pre-approved trading plan allows the chief technology officer to liquidate significant holdings without violating insider regulations despite mixed analyst views on the company's current valuation.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}