Holly B. Windham - 16 Jun 2021 Form 4 Insider Report for Rackspace Technology, Inc. (RXT)

Role
EVP, Chief Legal & People Off
Signature
/s/ Stefanie Box, as attorney-in-fact
Issuer symbol
RXT
Transactions as of
16 Jun 2021
Net transactions value
-$87,826
Form type
4
Filing time
17 Jun 2021, 12:45:42 UTC
Previous filing
16 Jun 2021
Next filing
23 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RXT Common Stock, par value $0.01 Options Exercise $114,100 +10,000 +6% $11.41 175,666 16 Jun 2021 Direct F1
transaction RXT Common Stock, par value $0.01 Sale $201,926 -10,000 -5.7% $20.19* 165,666 16 Jun 2021 Direct F2

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 -10,000 -5.1% $0.000000 187,479 16 Jun 2021 Common Stock 10,000 $11.41 Direct F3
* 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 May 2030.
F2 This transaction was executed in multiple trades at pricing ranging from $20.12 to $20.255; 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 Vests in five equal annual installments, subject to continued service, beginning May 4, 2021.