Corey E. Thomas - 15 Feb 2022 Form 4 Insider Report for Rapid7, Inc. (RPD)

Reporting relationship: CEO, Director
Issuer ticker: RPD
Reported as of: 15 Feb 2022
Net transaction value: -$1,591,850
SEC form: 4
Accepted by SEC: 17 Feb 2022, 15:12:31 UTC
Prior SEC filing: 01 Dec 2021
Next SEC filing: 21 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Peter Kaes, Attorney-in-Fact

Key filing fact

Corey E. Thomas filed Form 4 for Rapid7, Inc. (RPD) on 17 Feb 2022.

Key facts

This page summarizes Corey E. Thomas's Form 4 filing for Rapid7, Inc. (RPD).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Feb 2022, 15:12.

Change

Previous filing in this sequence was filed on 01 Dec 2021.
Current net transaction value: -$1,591,850.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RPD transaction

COMMON STOCK

Award

Transaction value: $0
Shares: +6,985
Change %: +2.1%
Price: $0.000000
Shares after: 332,549
Date: 15 Feb 2022
Ownership: Direct
Footnotes: F1

RPD transaction

COMMON STOCK

Award

Transaction value: $0
Shares: +81,666
Change %: +25%
Price: $0.000000
Shares after: 414,215
Date: 15 Feb 2022
Ownership: Direct
Footnotes: F2

RPD transaction

COMMON STOCK

Tax liability

Transaction value: $1,591,850
Shares: -16,250
Change %: -3.9%
Price: $97.96
Shares after: 397,965
Date: 15 Feb 2022
Ownership: Direct
Footnotes: F3

RPD holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 218,748
Date: 15 Feb 2022
Ownership: By Thomas Family Holdings LLC
Footnotes: F4

RPD holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,000
Date: 15 Feb 2022
Ownership: By Trust
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Reporting Person elected to receive annual bonus payment under the Issuer's Executive Incentive Bonus Plan in the form of fully-vested restricted stock units, as authorized by the Issuer's compensation committee.

Footnote F2

This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. This restricted stock unit grant vests in sixteen equal quarterly installments, with the first installment vesting on May 15, 2022, subject to the Reporting Person's continued service with the Issuer.

Footnote F3

Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units previously granted to the Reporting Person on February 1, 2018, January 31, 2019, January 30, 2020, February 2, 2021 and February 15, 2022.

Footnote F4

Represents shares held by the Thomas Family Holdings LLC ("LLC"). The Reporting Person is the manager of LLC and has the power to vote and dispose of the shares held by LLC. The Reporting Person disclaims beneficial ownership of the shares owned by LLC except to the extent of his pecuniary interest therein.

Footnote F5

Represents shares held by the Corey E. Thomas Irrevocable Trust of 2016, which is administrated by an independent trustee, and is for the benefit of the Reporting Person's immediate and other family members. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.