RPD Insider Sale: 1,370 Shares Disposed Under 10b5-1 Plan

Rhea-AI Filing Summary

Rapid7 insider sale by Chief Accounting Officer: Scott M. Murphy reported a sale of 1,370 shares of Rapid7, Inc. (RPD) on 08/22/2025 at $20.25 per share, leaving him with 27,592 shares beneficially owned. The filer checked the box indicating the transaction was made pursuant to a Rule 10b5-1 written plan. The Form 4 was signed by an attorney-in-fact on 08/26/2025.

Positive

• Transaction executed under a Rule 10b5-1 plan, which may indicate a pre-established, non-discretionary trading arrangement
• Clear disclosure of remaining beneficial ownership: 27,592 shares reported following the sale

Negative

• Insider sold 1,370 shares, which is a reduction in officer ownership and may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR Insider sale of 1,370 shares under a 10b5-1 plan; modest in size relative to full holding.

The reporting person, the company's Chief Accounting Officer, executed a sale of 1,370 shares at $20.25 under a disclosed Rule 10b5-1 plan, reducing his beneficial ownership to 27,592 shares. This is a routine disclosure under Section 16 and signals a planned disposition rather than an ad-hoc trade because the 10b5-1 box is checked. No derivative transactions or other asset changes were reported.

Corporate Governance Expert

TL;DR Transaction appears procedural and governed by a pre-established plan, suggesting limited governance concern.

The Form 4 shows an officer-level reporting person conducted a small sale that was indicated as pursuant to a written 10b5-1 plan, which typically provides an affirmative defense to insider trading claims. The filing lists only a single non-derivative disposition and does not disclose amendments or additional contingent transactions. The signature was provided by an attorney-in-fact, which is common for filings processed by counsel.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Murphy Scott M

(Last) (First) (Middle)

C/O RAPID7, INC.

120 CAUSEWAY STREET

(Street)

BOSTON MA 02114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rapid7, Inc. [ RPD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	08/22/2025		S		1,370	D	$20.25	27,592	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Peter Kaes, Attorney-in-Fact	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Rapid7 (RPD) insider Scott M. Murphy report on Form 4?

He reported a sale of 1,370 shares on 08/22/2025 at $20.25 per share, leaving 27,592 shares beneficially owned.

Was the Rapid7 insider transaction part of a 10b5-1 plan?

Yes. The filer checked the box indicating the transaction was made pursuant to a Rule 10b5-1 written plan.

Did the Form 4 report any derivative transactions for RPD?

No. Table II (derivative securities) contains no reported transactions; only a non-derivative sale is disclosed.

Who filed and signed the Rapid7 Form 4?

The signature on the Form 4 was executed by Peter Kaes, Attorney-in-Fact on 08/26/2025.

What is the reporting person's role at Rapid7?

The reporting person, Scott M. Murphy, is listed as the company's Chief Accounting Officer.