Rackspace holder may sell 499K shares for taxes

Rackspace Technology, Inc. (RXT) received a Rule 144 notice indicating that security holder Gajen Kandiah may sell common stock of the company through Morgan Stanley Smith Barney LLC.

Rhea-AI Filing Summary

Rackspace Technology, Inc. (RXT) received a Rule 144 notice indicating that security holder Gajen Kandiah may sell common stock of the company through Morgan Stanley Smith Barney LLC. The notice lists 498,728 shares of common stock with an aggregate market value of $1,590,942.32 and notes that Rackspace had 254,872,850 shares outstanding as of the notice date.

The shares relate to common stock acquired on September 3, 2026 through the vesting of restricted stock units, with sales expected beginning September 4, 2026 and described as intended to satisfy tax withholding obligations. The filing also reports a prior sale of 8,258 shares of common stock on September 2, 2026 for $24,361.10.

Key Figures

Shares covered by Rule 144 notice: 498,728 shares Aggregate market value of shares in notice: $1,590,942.32 Rackspace common shares outstanding: 254,872,850 shares +4 more

7 metrics

Shares covered by Rule 144 notice 498,728 shares Common stock listed for potential sale through Morgan Stanley Smith Barney LLC

Aggregate market value of shares in notice $1,590,942.32 Value of the 498,728 shares of common stock listed under Rule 144

Rackspace common shares outstanding 254,872,850 shares Shares outstanding as referenced in the Rule 144 notice

Shares acquired via RSU vesting 1,000,000 shares Common stock acquired on September 3, 2026 from vesting of restricted stock units

Prior 3-month sale volume 8,258 shares Common stock sold on September 2, 2026

Proceeds from prior sale $24,361.10 Total consideration for 8,258 shares sold on September 2, 2026

Earliest sale date under notice September 4, 2026 Date from which sales of Rule 144 shares may begin

Key Terms

Rule 144, restricted stock units, aggregate market value, tax withholding obligations

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock units financial

"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.

aggregate market value financial

"498728 | 1590942.32 | 254872850"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

tax withholding obligations financial

"for the purpose of satisfying tax withholding obligations in connection"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for RXT disclose about planned stock sales?

The Form 144 notice states that Gajen Kandiah may sell Rackspace Technology common stock through Morgan Stanley Smith Barney LLC under Rule 144, with the shares stemming from the vesting of restricted stock units on September 3, 2026.

How many Rackspace Technology (RXT) shares are covered in the Rule 144 notice?

The notice lists 498,728 shares of Rackspace Technology common stock with an aggregate market value of $1,590,942.32, and separately references 1,000,000 shares acquired through restricted stock unit vesting connected to the planned sales.

What is the stated purpose of the planned RXT stock sales in this Form 144?

The remarks explain that the shares are estimated shares to be sold for the purpose of satisfying tax withholding obligations in connection with previously granted restricted stock units that vested for the reporting person.

When were the Rackspace Technology (RXT) shares acquired and when may they be sold?

The common stock was acquired on September 3, 2026 in connection with the vesting of restricted stock units, with the notice indicating potential sales beginning on September 4, 2026 on the NASDAQ market.

Were any RXT shares sold by this person in the three months before the notice?

Yes. The filing reports that 8,258 shares of Rackspace Technology common stock were sold on September 2, 2026 for total proceeds of $24,361.10 during the prior three months.

How many Rackspace Technology (RXT) shares were outstanding according to this Form 144?

The notice states that 254,872,850 shares of Rackspace Technology common stock were outstanding as of the date referenced in the filing, providing context for the potential Rule 144 sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 09:47 PM EDT Accepted by SEC EDGAR 09/04/2026 - 09:46 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001684713
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Rackspace Technology, Inc.
SEC File Number	001-39420
Address of Issuer	19122 US HIGHWAY 281N SUITE 127 SAN ANTONIO TEXAS 78258
Phone	1-800-961-4454
Name of Person for Whose Account the Securities are To Be Sold	Kandiah Gajakarnan Vibushanan
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON STOCK	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza, 8th Floor New York NY 10004	498728	1590942.32	254872850	09/04/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON STOCK	09/03/2026	vesting of restricted stock units	Issuer			1000000	09/04/2026	not applicable (securities acquired in connection with the vesting of restricted stock units)

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Gajen Kandiah 19122 US Hwy 281 N, Suite 127 SAN ANTONIO TX 78258	COMMON STOCK	09/02/2026	8258	24361.10

144: Remarks and Signature

Remarks	estimated shares to be sold for the purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
Date of Notice	09/04/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/17/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Sarah Alexander, as power of attorney for Gajen Kandiah
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)