Corey E. Thomas - 14 Feb 2025 Form 4 Insider Report for Rapid7, Inc. (RPD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 Feb 2025, 19:51:11 UTC
Prior SEC filing
23 Jan 2025
Next SEC filing
26 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Raisa Litmanovich, Attorney-in-Fact

Key filing fact

Corey E. Thomas filed Form 4 for Rapid7, Inc. (RPD) on 19 Feb 2025.

Key facts

  • This page summarizes Corey E. Thomas's Form 4 filing for Rapid7, Inc. (RPD).
  • 5 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 19 Feb 2025, 19:51.

Change

  • Previous filing in this sequence was filed on 23 Jan 2025.
  • Current net transaction value: -$954,553.

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
+129,333
Change %
+30%
Price
$0.000000
Shares after
560,802
Date
14 Feb 2025
Ownership
Direct
Footnotes
F1
RPD transaction

COMMON STOCK

Award

Transaction value
$0
Shares
+9,216
Change %
+1.6%
Price
$0.000000
Shares after
570,018
Date
14 Feb 2025
Ownership
Direct
Footnotes
F2
RPD transaction

COMMON STOCK

Tax liability

Transaction value
$158,375
Shares
-4,455
Change %
-0.78%
Price
$35.55
Shares after
565,563
Date
14 Feb 2025
Ownership
Direct
Footnotes
F3
RPD transaction

COMMON STOCK

Award

Transaction value
$0
Shares
+75,545
Change %
+13%
Price
$0.000000
Shares after
641,108
Date
15 Feb 2025
Ownership
Direct
Footnotes
F4
RPD transaction

COMMON STOCK

Tax liability

Transaction value
$796,178
Shares
-22,396
Change %
-3.5%
Price
$35.55
Shares after
618,712
Date
15 Feb 2025
Ownership
Direct
Footnotes
F5
RPD holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
218,748
Date
14 Feb 2025
Ownership
By Thomas Family Holdings LLC
Footnotes
F6
RPD holding

COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
30,000
Date
14 Feb 2025
Ownership
By Trust
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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, 2025, subject to the Reporting Person's continued service with the Issuer.

Footnote 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.

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 14, 2025.

Footnote F4

Represents the number of units earned under a performance-based restricted stock unit award ("PSUs") based on the Issuer's satisfaction of certain performance criteria of the award. In light of the performance-based conditions of the award, the award was not reportable under Section 16 until performance conditions were certified by the Compensation Committee as achieved (which occurred on February 15, 2025). The earned PSUs will vest in equal installments on each of February 15, 2025, February 15, 2026 and February 15, 2027, subject to the Reporting Person's continued service with the Issuer. Each PSU represents a contingent right to receive one share of common stock of the Issuer.

Footnote F5

Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units and PSUs granted to the Reporting Person on February 2, 2021, February 15, 2022, February 15, 2023, February 15, 2024 and February 15, 2025.

Footnote F6

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 F7

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.

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