Corey E. Thomas - 21 Jan 2025 Form 4 Insider Report for Rapid7, Inc. (RPD)

Role: CEO, Director
Signature: /s/ Raisa Litmanovich, Attorney-in-Fact
Issuer symbol: RPD
Transactions as of: 21 Jan 2025
Net transaction value: -$2,960,770
Form type: 4
Filing time: 23 Jan 2025, 19:20:32 UTC
Previous filing: 06 Jan 2025
Next filing: 19 Feb 2025
SEC filing: View on sec.gov

Key filing fact

Corey E. Thomas filed Form 4 for Rapid7, Inc. (RPD) on 23 Jan 2025.

Key facts

This page summarizes Corey E. Thomas's Form 4 filing for Rapid7, Inc. (RPD).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 23 Jan 2025, 19:20.

Change

Previous filing in this sequence was filed on 06 Jan 2025.
Current net transaction value: -$2,960,770.

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.

See Original Filing

Reported transactions

RPD transaction

COMMON STOCK

Options Exercise

Transaction value: $977,000
Shares: +100,000
Change %: +23%
Price: $9.77
Shares after: 531,469
Date: 21 Jan 2025
Ownership: Direct

RPD transaction

COMMON STOCK

Sale

Transaction value: $3,937,770
Shares: -100,000
Change %: -19%
Price: $39.38
Shares after: 431,469
Date: 21 Jan 2025
Ownership: Direct
Footnotes: F1

RPD holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 218,748
Date: 21 Jan 2025
Ownership: By Thomas Family Holdings LLC
Footnotes: F2

RPD holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,000
Date: 21 Jan 2025
Ownership: By Trust
Footnotes: F3

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

RPD transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -100,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2025
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 100,000
Exercise price: $9.77
Footnotes: F4

^* indicates a reported price that failed the local validity check.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.00 to $39.58, 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.
F2	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.
F3	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.
F4	Immediately exercisable.