Rapid7 (NASDAQ: RPD) director receives 15,208 stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schodorf Thomas E reported acquisition or exercise transactions in this Form 4 filing.
Rapid7, Inc. director Thomas E. Schodorf reported an equity compensation grant in the form of restricted stock units. He received 15,208 restricted stock units, each representing one share of common stock, at no cash cost, increasing his directly held common stock to 49,648 shares after the award.
The filing also reports 16,020 shares held in a family trust for which his spouse and children are trustees and beneficiaries; he disclaims beneficial ownership of those trust-held shares for Section 16 and other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schodorf Thomas E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 15,208 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 49,648 shares (Direct, null);
COMMON STOCK — 16,020 shares (Indirect, Family Trust)
Footnotes (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 a family trust of which the Reporting Person's spouse and child are trustees. The Reporting Person's spouse and children are the sole beneficiaries of the trust and 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
RSU grant size: 15,208 units
Grant price: $0.0000 per share
Direct holdings after grant: 49,648 shares
+1 more
4 metrics
RSU grant size
15,208 units
Restricted stock units awarded to director on June 9, 2026
Grant price
$0.0000 per share
Reported price per share for RSU-related common stock
Direct holdings after grant
49,648 shares
Common stock directly owned by Thomas Schodorf after the award
Family trust holdings
16,020 shares
Common stock held by family trust with disclaimed beneficial ownership
Key Terms
restricted stock units, Family Trust, beneficial ownership, Section 16
4 terms
restricted stock units financial
"This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share"
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.
Family Trust financial
"Represents shares held by a family trust of which the Reporting Person's spouse and child are trustees."
beneficial ownership financial
"the Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission"
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.
Section 16 regulatory
"beneficial owner of these securities for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did Rapid7 (RPD) director Thomas Schodorf report?
Director Thomas E. Schodorf reported an equity compensation grant of 15,208 restricted stock units. Each unit represents one Rapid7 common share, awarded at no cash cost, and the grant increased his directly held common stock position reported in the filing.
What are the vesting terms for Thomas Schodorf’s Rapid7 restricted stock units?
The restricted stock unit grant vests in full on the earlier of Rapid7’s next annual stockholder meeting after the grant date or the first grant anniversary. Vesting is conditioned on Thomas Schodorf’s continued service with Rapid7 through the applicable vesting date.
How are the Rapid7 (RPD) restricted stock units structured for this director grant?
Each restricted stock unit in this grant represents a contingent right to receive one share of Rapid7 common stock. No purchase price is due for the units, and delivery of underlying shares depends on satisfying the vesting conditions described in the filing’s footnotes.
What does the family trust holding in the Rapid7 Form 4 mean?
The Form 4 discloses 16,020 Rapid7 shares held by a family trust whose trustees are Thomas Schodorf’s spouse and child, and whose beneficiaries are his spouse and children. Schodorf disclaims beneficial ownership of these securities for Section 16 and any other purpose.