Tolga Tarhan - 13 May 2021 Form 4 Insider Report for Rackspace Technology, Inc. (RXT)

Role
Chief Technology Officer
Signature
/s/ Stefanie Box, as attorney-in-fact
Issuer symbol
RXT
Transactions as of
13 May 2021
Net transactions value
-$352,397
Form type
4
Filing time
17 May 2021, 07:36:41 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RXT Common Stock Options Exercise $207,480 +16,000 +26% $12.97* 76,578 13 May 2021 Direct F1
transaction RXT Common Stock Sale $291,885 -16,000 -21% $18.24* 60,578 13 May 2021 Direct F2
transaction RXT Common Stock Sale $3,636 -199 -0.33% $18.27* 60,379 13 May 2021 Direct F3
transaction RXT Common Stock Sale $264,356 -14,506 -24% $18.22* 45,873 13 May 2021 Direct 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 RXT Employee Stock Option (right to buy) Options Exercise $0 -16,000 -20% $0.000000 64,004 13 May 2021 Common Stock 16,000 $12.97 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of vested stock options that would have otherwise been forfeited in December 2029.
F2 This transaction was executed in multiple trades at pricing ranging from $18.23 to $18.28; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, Rackspace Technology, Inc. or a security holder or Rackspace Technology, Inc.
F3 These shares were acquired under the Rackspace Technology, Inc. Employee Stock Purchase Plan in transactions that were exempt under both Rule 16-3(d) and Rule 16b-3(c).
F4 This transaction was executed in multiple trades at pricing ranging from $18.211 to $18.261; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, Rackspace Technology, Inc. or a security holder or Rackspace Technology, Inc.
F5 Vests in five equal annual installments, subject to continued service, beginning December 13, 2020.