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Bipul Sinha

Chief Executive Officer at Rubrik
Board
Since January 2014
Age
50 years
Education
Holds a Bachelor of Technology in Electrical Engineering from the Indian Institute of Technology and a Master of Business Administration from the Wharton School of the University of Pennsylvania.
Tenure
Joined RBRK in January 2014 as Chief Executive Officer and board member, and became Chairman of the Board in July 2016.
Other Roles
Venture Partner at Lightspeed Venture Partners

Also at Rubrik

AN
Arvind Nithrakashyap
Chief Technology Officer (CTO)
KC
Kiran Choudary
Chief Financial Officer

About

Bipul Sinha is a co-founder and key executive at RBRK who has played a pivotal role in shaping the company’s strategic direction since his appointment in January 2014.

With a technical foundation from the Indian Institute of Technology and advanced business training from the Wharton School, he combines technical expertise with strategic leadership in his role as Chief Executive Officer.

Throughout his career, he has held multiple leadership positions, joining RBRK as CEO and board member, and later expanding his responsibilities by taking on the role of Chairman in July 2016.

His extensive experience in both venture capital and technology has established him as a respected leader in the tech industry, contributing significantly to the growth and innovation at RBRK.

$RBRK Performance Under Bipul Sinha

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
NoneN/AN/ANo fixed compensation details available for 2024 [N/A]

Performance Compensation

Data from  FY 2024

Grant Details

ComponentDetailCitation
Grant DateApril 2024, upon the Company's IPO
Grant Size8,000,000 stock options to purchase Class B common stock
Grant Date Fair Value$17.37 per share
Exercise PriceIPO Price

Performance Metrics and Targets

The award is structured into 10 tranches with performance and service-based conditions as detailed below:

TrancheTarget Stock Value (USD)Stock Options Eligible to VestOption Valuation Expiration DateCitation
1$42.88666,667Fifth anniversary of the IPO
2$53.76666,667N/A
3$64.64666,667N/A
4$75.52666,667N/A
5$86.40666,667Seventh anniversary of the IPO
6$96.96666,667N/A
7$107.84666,667N/A
8$118.72666,667N/A
9$161.921,333,332N/A
10$242.881,333,332N/A

Conditions and Vesting Schedule

  • Service-Based Condition: Shares vest in 20 equal quarterly installments beginning in January 2022. Options expire 10 years after the grant date.
  • Performance-Based Condition: The Target Stock Value for each tranche is determined by the volume-weighted average price of the Company's Class A common stock over 90 consecutive days (measurement begins after the lock-up period).
  • Vesting Schedule: Each tranche vests on the first date following the satisfaction of both service-based and performance-based conditions, contingent on continued service as CEO.

Additional Stock-Based Compensation Details

DetailValueCitation
Total Stock-Based Compensation Expense Recognized$139.0 million
Derived Service Period per Tranche1.2 to 4.5 years
Valuation ModelMonte Carlo simulation (incorporating underlying stock price, volatility, risk-free rate, dividend yield)