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

Signature
/s/ Peter Kaes, Attorney-in-Fact
Stock symbol
RPD
Transactions as of
Feb 15, 2022
Transactions value $
-$1,591,850
Form type
4
Date filed
2/17/2022, 03:12 PM
Previous filing
Dec 1, 2021
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RPD COMMON STOCK Award $0 +6.99K +2.15% $0.00 333K Feb 15, 2022 Direct F1
transaction RPD COMMON STOCK Award $0 +81.7K +24.56% $0.00 414K Feb 15, 2022 Direct F2
transaction RPD COMMON STOCK Tax liability -$1.59M -16.3K -3.92% $97.96 398K Feb 15, 2022 Direct F3
holding RPD COMMON STOCK 219K Feb 15, 2022 By Thomas Family Holdings LLC F4
holding RPD COMMON STOCK 30K Feb 15, 2022 By Trust F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.
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.
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.