Rapid7 chairman Thomas exercises 134,000 options
The issuer withheld 123,580 shares for the exercise price and related withholding taxes, with 10,420 shares issued.
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Form Type
4
Rhea-AI Filing Summary
Rapid7, Inc. Executive Chairman Corey E. Thomas exercised 134,000 non-qualified stock options on November 6, 2026, at $12.47 per share. The issuer withheld 123,580 shares to cover the exercise price and related withholding taxes, resulting in 10,420 shares issued; the reported option position afterward was 0 options. The report also lists 218,748 shares held by Thomas Family Holdings LLC and 30,000 shares held by the Corey E. Thomas Irrevocable Trust of 2016.
Insider Trade Summary
134,000 shares exercised/converted
Exercise
3 txns
Insider
Thomas Corey E.
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F4 | 134,000 | $0.00 | $0.00 |
| Exercise | COMMON STOCK F1 | 134,000 | $12.47 | $1.67M |
| Exercise Price or Tax Liability | COMMON STOCK F1 | 123,580 | $14.68 | $1.81M |
| Holding | COMMON STOCK F2 | -- | -- | -- |
| Holding | COMMON STOCK F3 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 options (Direct);
COMMON STOCK — 653,694 shares (Direct);
COMMON STOCK — 218,748 shares (Indirect, By Thomas Family Holdings LLC);
COMMON STOCK — 30,000 shares (Indirect, By Trust)
Holdings Before and After:
Employee Stock Option (Right to Buy), 134,000 to 0 options (Direct);
COMMON STOCK, 643,274 to 653,694 shares (Direct)
Footnotes (4)
- F1. The Reporting Person exercised non-qualified stock options for 134,000 shares at an exercise price of $12.47 per share. The Issuer withheld 123,580 shares to cover the exercise price and related withholding taxes, resulting in 10,420 shares issued.
- 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.
- F4. This non-qualified stock option vested and became exercisable in sixteen equal quarterly installments on the 15th day of each calendar quarter beginning on May 15, 2017, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Options exercised: 134,000 options
Exercise price: $12.47 per share
Shares withheld: 123,580 shares
+4 more
7 metrics
Options exercised
134,000 options
November 6, 2026
Exercise price
$12.47 per share
Non-qualified stock options exercised November 6, 2026
Shares withheld
123,580 shares
Withheld for the exercise price and related withholding taxes on November 6, 2026
Shares issued
10,420 shares
Result of the option exercise and share withholding
Option position after exercise
0 options
Reported following the November 6, 2026 exercise
Shares held by Thomas Family Holdings LLC
218,748 shares
Indirect holding reported November 6, 2026
Shares held by Corey E. Thomas Irrevocable Trust of 2016
30,000 shares
Indirect holding reported November 6, 2026
Key Terms
non-qualified stock options, exercise price, withholding taxes, pecuniary interest
4 terms
non-qualified stock options financial
"exercised non-qualified stock options for 134,000 shares"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
exercise price financial
"at an exercise price of $12.47 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
withholding taxes financial
"related withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many RPD stock options did Corey E. Thomas exercise?
Corey E. Thomas exercised 134,000 non-qualified stock options on November 6, 2026, at an exercise price of $12.47 per share.
What were the vesting terms for Corey E. Thomas's RPD options?
The non-qualified stock option vested and became exercisable in 16 equal quarterly installments on the 15th day of each calendar quarter beginning May 15, 2017, subject to Thomas's continued service with Rapid7.
AI-generated analysis. How Rhea-AI works. Not financial advice.
