Timothy M. Adams - Feb 15, 2024 Form 4 Insider Report for Rapid7, Inc. (RPD)

Role
Chief Financial Officer
Signature
/s/ Raisa Litmanovich, Attorney-in-Fact
Stock symbol
RPD
Transactions as of
Feb 15, 2024
Transactions value $
-$276,628
Form type
4
Date filed
2/20/2024, 04:20 PM
Previous filing
Nov 17, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RPD COMMON STOCK Award $0 +35.7K +23.62% $0.00 187K Feb 15, 2024 Direct F1
transaction RPD COMMON STOCK Award $0 +3.53K +1.89% $0.00 190K Feb 15, 2024 Direct F2
transaction RPD COMMON STOCK Tax liability -$277K -4.59K -2.41% $60.32 186K Feb 15, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 twelve quarterly installments, with the first installment vesting on May 15, 2024, subject to the Reporting Person's continued service with the Issuer.
F2 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.
F3 Represents shares withheld by the Issuer to satisfy the Reporting Person's withholding obligation upon the vesting of restricted stock units previously granted to the Reporting Person on January 3, 2022, February 15, 2023 and February 15, 2024.