Rapid7 Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Rapid7 granted 290,626 RSUs as Nasdaq-compliant inducement awards to three new employees, vesting over three years under its 2015 Equity Incentive Plan.

Rhea-AI Summary

Rapid7 (RPD) granted equity inducement awards on September 15, 2026 to three newly hired employees under Nasdaq Listing Rule 5635(c)(4).

The awards consist of an aggregate 290,626 restricted stock units (RSUs) tied to Rapid7 common stock. The RSUs vest over three years: one-third vests on the one-year anniversary of the vesting commencement date, and the remaining two-thirds vest in equal quarterly installments through the third anniversary, subject to continued employment. The grants were made from the inducement share pool under Rapid7’s 2015 Equity Incentive Plan and were unanimously approved by the company’s independent Compensation Committee.

Market Context

RPD was unchanged at 0% pre-headline; the disclosure covered employee inducement awards, while a Sep...

Analysis

RPD was unchanged at 0% pre-headline; the disclosure covered employee inducement awards, while a September 2 filing separately documented a director RSU grant, providing a directly comparable equity-compensation record under the company’s plan.

Key Figures

Effective grant date: September 15, 2026 Restricted stock units: 290,626 RSUs Recipients: 3 employees +1 more

Effective grant date

September 15, 2026

Inducement awards

Restricted stock units

290,626 RSUs

Granted in aggregate to employees

Recipients

3 employees

Inducement award recipients

Vesting period

3 years

One-third vests after one year; remaining units vest quarterly thereafter

Key Terms

restricted stock units, nasdaq listing rule 5635(c)(4), managed detection and response

3 terms

restricted stock units financial

"290,626 restricted stock units (“RSUs”) in respect of Rapid7’s common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

nasdaq listing rule 5635(c)(4) regulatory

"in accordance with Nasdaq Listing Rule 5635(c)(4)"

NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.

managed detection and response technical

"leader in preemptive managed detection and response (MDR)"

Managed detection and response (MDR) is a service where outside specialists continuously monitor a company’s digital systems, look for signs of cyberattacks, and take or recommend immediate action to contain and fix problems. Think of it as hiring a dedicated 24/7 security team and emergency response crew for a business’s IT systems; for investors, MDR matters because it reduces the risk of costly breaches, downtime, regulatory fines, and damage to reputation that can hurt revenue and share value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOSTON, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Rapid7, Inc. (“Rapid7”) (NASDAQ: RPD), a global leader in AI-powered managed cybersecurity operations, announced that the company granted inducement awards, effective as of September 15, 2026, to employees as a material inducement to commence employment with Rapid7 and its subsidiaries.

We granted inducement awards comprised of 290,626 restricted stock units (“RSUs”) in respect of Rapid7’s common stock, in the aggregate, to 3 employees.

The RSUs vest over a three-year period with one-third (1/3) of the RSUs vesting on the one-year anniversary of the vesting commencement date and the remaining two-thirds (2/3) of the RSUs vesting in equal quarterly installments thereafter through the third anniversary of the vesting commencement date, subject to continued employment through each applicable vesting date.

The RSUs were granted under Rapid7’s 2015 Equity Incentive Plan, as amended (the “Equity Plan”) pursuant to the Equity Plan’s inducement award share pool. The RSUs were unanimously approved by Rapid7’s Compensation Committee, which is independent within the meaning of Nasdaq Listing Rule 5605(a)(2), in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement for the employees to commence employment with Rapid7.

About Rapid7

Rapid7, Inc. (NASDAQ: RPD) is a global leader in AI-powered managed cybersecurity operations, trusted to advance organizations’ cyber resilience. Open and extensible, the Rapid7 Command Platform integrates security data, enriching it with AI, threat intelligence, and 25 years of expertise and innovation to reduce risk and disrupt attackers. As a recognized leader in preemptive managed detection and response (MDR), Rapid7 unifies exposure and detection to transform the cybersecurity operations of more than 11,500 customers worldwide. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

Rapid7 Press Contact
Christine Nurnberger
SVP Global Marketing and Growth 
press@rapid7.com

Rapid7 Investor Contact
Ryan Flanagan and Ryan Gardella
ICR for Rapid7
investors@rapid7.com
(617) 865-4277

Source: Rapid7

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many employees received the Rapid7 inducement awards and in what form?

Three employees received inducement awards comprised of an aggregate 290,626 RSUs in respect of Rapid7’s common stock.

What is the vesting schedule for the newly granted Rapid7 RSUs?

The RSUs vest over three years: one-third on the one-year anniversary of the vesting commencement date, with the remaining two-thirds vesting in equal quarterly installments thereafter through the third anniversary, in each case subject to continued employment through the applicable vesting date.

Under which plan and rules were these inducement awards granted?

The RSUs were granted under Rapid7’s 2015 Equity Incentive Plan, using the plan’s inducement award share pool, and were approved in accordance with Nasdaq Listing Rule 5635(c)(4) by Rapid7’s Compensation Committee, which is independent within the meaning of Nasdaq Listing Rule 5605(a)(2).