Filing Details

Accession Number:
0001810019-24-000163
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-12-03 21:24:23
Reporting Period:
2024-11-29
Accepted Time:
2024-12-03 21:24:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1810019 Rackspace Technology Inc. RXT () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1593839 Kumar Dharmendra Sinha C/O Rackspace Technology, Inc.
1718 Dry Creek Way, Suite 115
San Antonio TX 78259-1837
Evp, President, Public Cloud No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-11-29 88,548 $2.67 2,334,166 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $2.61 to $2.78 on 11/29/2024 and 12/2/2024. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.
  2. Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
  3. This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 14, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.