Key facts
- This page summarizes Dharmendra Kumar Sinha's Form 4 filing for Rackspace Technology, Inc. (RXT).
- 2 reported transactions and 0 derivative rows are listed below.
- Filing timestamp: 03 Jun 2025, 20:58.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Award
Tax liability
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).
| Id | Content |
|---|---|
| F1 | Grant of restricted stock units ("RSUs") in a transaction exempt under Section 16b-3. RSUs vest in quarterly installments over three years. 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 500 shares of common stock on May 15, 2025 pursuant to the Issuer's Employee Stock Purchase Plan (ESPP) in a transaction exempt under Rule 16b-3(c). |