STOCK TITAN

Rapid7 (RPD) director awarded 15,208 RSUs vesting after next meeting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BURNS MIKE reported acquisition or exercise transactions in this Form 4 filing.

Rapid7, Inc. director Mike Burns reported an equity compensation grant in the form of 15,208 restricted stock units, each representing a right to receive one share of common stock. The grant vests in full on the earlier of the company’s next annual stockholder meeting or the first anniversary of the grant date, subject to his continued service. Following this award, he holds 31,405 shares of common stock directly and 5,000 shares indirectly as trustee of The Burns Living Trust.

Positive

  • None.

Negative

  • None.
Insider BURNS MIKE
Role null
Type Security Shares Price Value
Grant/Award COMMON STOCK 15,208 $0.00 --
holding COMMON STOCK -- -- --
Holdings After Transaction: COMMON STOCK — 31,405 shares (Direct, null); COMMON STOCK — 5,000 shares (Indirect, By The Burns Living Trust)
Footnotes (1)
  1. This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. This restricted stock unit grant vests in full on the earlier of: (i) the date of the Issuer's next annual meeting of stockholders held after the date of the grant or (ii) the first anniversary of the date of grant, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. Represents shares held by the Reporting Person as Trustee of The Burns Living Trust.
RSU grant size 15,208 units Restricted stock units awarded to director Mike Burns
Direct shares after grant 31,405 shares Common stock directly owned by Mike Burns following the award
Indirect trust shares 5,000 shares Common stock held indirectly via The Burns Living Trust
Vesting trigger Earlier of next annual meeting or 1-year anniversary Vesting condition for the RSU grant, subject to continued service
restricted stock units financial
"This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer"
vesting financial
"This restricted stock unit grant vests in full on the earlier of the date of the Issuer's next annual meeting of stockholders or the first anniversary of the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
The Burns Living Trust financial
"Represents shares held by the Reporting Person as Trustee of The Burns Living Trust"
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SEC Form 4
FORM 4UNITED 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).
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*
BURNS MIKE

(Last)(First)(Middle)
C/O RAPID7, INC.
120 CAUSEWAY STREET

(Street)
BOSTON MASSACHUSETTS 02114

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Rapid7, Inc. [ RPD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
COMMON STOCK(1)06/09/2026A15,208(2)A$031,405D
COMMON STOCK5,000IBy The Burns Living Trust(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
2. This restricted stock unit grant vests in full on the earlier of: (i) the date of the Issuer's next annual meeting of stockholders held after the date of the grant or (ii) the first anniversary of the date of grant, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
3. Represents shares held by the Reporting Person as Trustee of The Burns Living Trust.
Remarks:
Exhibit 24 - Power of Attorney.
/s/ Christopher Keenan, Attorney-in-Fact06/10/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Rapid7 (RPD) director Mike Burns report?

Mike Burns reported receiving 15,208 restricted stock units as an equity award. Each unit represents a contingent right to one Rapid7 common share, reflecting routine director compensation rather than an open-market purchase or sale.

How many Rapid7 (RPD) shares does Mike Burns hold after this Form 4?

After the reported award, Mike Burns holds 31,405 Rapid7 common shares directly. He also has indirect ownership of 5,000 shares as trustee of The Burns Living Trust, according to the filing’s ownership details.

How do Mike Burns’s new Rapid7 (RPD) restricted stock units vest?

The 15,208 restricted stock units vest in full on the earlier of Rapid7’s next annual stockholder meeting or the first anniversary of the grant date. Vesting requires Mike Burns’s continued service with the company through the applicable vesting date.

What does each Rapid7 (RPD) restricted stock unit reported by Mike Burns represent?

Each restricted stock unit represents a contingent right to receive one Rapid7 common share. The shares will be delivered only upon vesting, making this grant a form of equity-based compensation rather than immediate stock ownership.

Are any of Mike Burns’s Rapid7 (RPD) shares held indirectly through a trust?

Yes. The filing states that 5,000 Rapid7 common shares are held by Mike Burns as trustee of The Burns Living Trust. These are reported as indirect ownership, separate from his directly held 31,405 shares.