Rapid7 (RPD) chair has 7,726 shares withheld for taxes
Rhea-AI Filing Summary
Rapid7, Inc. Executive Chairman Corey E. Thomas reported a tax-related share disposition on common stock. On August 15, 2026, 7,726 shares of common stock were withheld by the issuer at $13.00 per share to satisfy Thomas's tax withholding obligation upon vesting of previously granted restricted stock units. After this event, Thomas directly held 643,274 shares. In addition, 218,748 shares are held indirectly through Thomas Family Holdings LLC and 30,000 shares through an irrevocable trust, for which Thomas disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,726 shares
Net Sell
3 txns
Insider
Thomas Corey E.
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK F1 | 7,726 | $13.00 | $100K |
| holding | COMMON STOCK F2 | -- | -- | -- |
| holding | COMMON STOCK F3 | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 643,274 shares (Direct);
COMMON STOCK — 218,748 shares (Indirect, By Thomas Family Holdings LLC);
COMMON STOCK — 30,000 shares (Indirect, By Trust)
Footnotes (3)
- F1. Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units previously granted to the Reporting Person on February 15, 2024 and February 14, 2025.
- F2. Represents shares held by the Thomas Family Holdings LLC ("LLC"). The reporting person is the manager of LLC and has the power to vote and dispose of the shares held by LLC. The reporting person disclaims beneficial ownership of the shares owned by LLC except to the extent of his pecuniary interest therein.
- F3. Represents shares held by the Corey E. Thomas Irrevocable Trust of 2016, which is administrated by an independent trustee, and is for the benefit of the reporting person's immediate and other family members. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Shares withheld for tax: 7,726 shares
Withholding price per share: $13.00 per share
Direct holdings after transaction: 643,274 shares
+3 more
6 metrics
Shares withheld for tax
7,726 shares
Shares withheld on August 15, 2026 to satisfy tax withholding obligation on RSU vesting
Withholding price per share
$13.00 per share
Value used for issuer share withholding related to RSU vesting on August 15, 2026
Direct holdings after transaction
643,274 shares
Direct Rapid7 common stock held by Corey E. Thomas following the August 15, 2026 transaction
Indirect holdings via LLC
218,748 shares
Shares held by Thomas Family Holdings LLC, with Thomas as manager and voting/dispositive power
Indirect holdings via trust
30,000 shares
Shares held by the Corey E. Thomas Irrevocable Trust of 2016 administered by an independent trustee
Tax-liability-related transactions
1 transaction; 7,726 shares
Code F transaction count and shares for payment of tax liability by delivering or withholding securities
Key Terms
restricted stock units, tax withholding obligation, beneficial ownership, pecuniary interest
4 terms
restricted stock units financial
"upon the vesting of restricted stock units previously granted to the Reporting Person"
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.
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting"
beneficial ownership financial
"disclaims beneficial ownership of the shares owned by LLC except"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
What transaction did Rapid7 (RPD) Executive Chairman Corey E. Thomas report on August 15, 2026?
Thomas reported that 7,726 shares of Rapid7 common stock were withheld by the issuer at $13.00 per share to satisfy his tax withholding obligation upon vesting of restricted stock units granted in 2024 and 2025.
What indirect Rapid7 (RPD) holdings are associated with Corey E. Thomas?
In addition to direct holdings, 218,748 shares are held by Thomas Family Holdings LLC and 30,000 shares by the Corey E. Thomas Irrevocable Trust of 2016. Thomas disclaims beneficial ownership of these securities except for any pecuniary interest.
Was the Rapid7 (RPD) Form 4 transaction by Corey E. Thomas a market sale?
No. The 7,726 shares were withheld by the issuer to satisfy Thomas's tax withholding obligation upon vesting of restricted stock units, rather than sold in an open market transaction, according to the filing footnote.
Were Corey E. Thomas’s Rapid7 (RPD) transactions under a Rule 10b5-1 trading plan?
The filing shows the Rule 10b5-1 checkbox as not checked, and no footnote states that the August 15, 2026 tax-withholding transaction was effected under a Rule 10b5-1 trading plan or similar pre-arranged arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
