Mark Marino - Jan 24, 2023 Form 4 Insider Report for Rackspace Technology, Inc. (RXT)

Role
Vice President & CAO
Signature
/s/ Sarah Alexander, by power of attorney from Mark Marino
Stock symbol
RXT
Transactions as of
Jan 24, 2023
Transactions value $
-$2,250
Form type
4
Date filed
8/8/2023, 05:45 PM
Previous filing
Jan 4, 2023
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RXT Common Stock Award +84.2K +46.55% 265K Jan 24, 2023 Direct F1
transaction RXT Common Stock Tax liability -$2.25K -1.1K -0.42% $2.04 263K Aug 5, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units ("RSUs") vesting in equal annual installments on the first, second and third anniversaries of the grant date. Each RSU represents the right to receive, at settlement, one share of common stock.
F2 Represents shares withheld by the Issuer to satisfy withholding tax liability incident to the vesting of restricted stock units in a transaction exempt under Rule 16b-3.
F3 Includes the acquisition of shares of common stock pursuant to the Issuer's Employee Stock Purchase Plan (ESPP) in transactions exempt under Rule 16b-3(c).