Corey E. Thomas - Mar 17, 2022 Form 4 Insider Report for Rapid7, Inc. (RPD)

Role: CEO, Director
Signature: /s/ Peter Kaes, Attorney-in-Fact
Stock symbol: RPD
Transactions as of: Mar 17, 2022
Transactions value $: -$4,747,560
Form type: 4
Date filed: 3/21/2022, 04:21 PM
Previous filing: Feb 17, 2022
Next filing: Mar 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RPD	COMMON STOCK	Options Exercise	$253K	+50K	+12.56%	$5.05^*	448K	Mar 17, 2022	Direct	F1
transaction	RPD	COMMON STOCK	Sale	-$5M	-50K	-11.16%	$100.00	398K	Mar 17, 2022	Direct	F1, F2
holding	RPD	COMMON STOCK						219K	Mar 17, 2022	By Thomas Family Holdings LLC	F3
holding	RPD	COMMON STOCK						30K	Mar 17, 2022	By Trust	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RPD	Stock Option (Right to Buy)	Options Exercise	$0	-50K	-13.67%	$0.00	316K	Mar 17, 2022	COMMON STOCK	50K	$5.05	Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 7, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.00 to $100.08, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3	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.
F4	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.
F5	Immediately exercisable.