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[144] Rackspace Technology, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144
Rhea-AI Filing Summary

Rackspace Technology, Inc. (RXT) notice indicates a proposed sale of 2,000,000 shares of common stock through Morgan Stanley Smith Barney LLC on 09/15/2025. The filing says these shares were acquired on 09/13/2025 as the vesting of restricted stock units and performance stock units and shows an aggregate market value of $2,900,000.00. The issuer has 239,360,677 shares outstanding per the form. The filer reports no securities sold by the same person in the past three months and includes the standard signature representation that the seller is not aware of any undisclosed material adverse information.

Positive
  • None.
Negative
  • Proposed sale of 2,000,000 shares (aggregate market value $2,900,000), representing approximately 0.84% of shares outstanding, which could modestly increase float

Insights

TL;DR: A standard insider sale notice for newly vested equity; not clearly material to company operations or market valuation.

The filing documents a planned sale of 2,000,000 common shares acquired two days earlier via vesting of RSUs and PSUs, executed through Morgan Stanley. The timing—immediate sale following vesting—is routine for compensation-related share dispositions. At 2,000,000 shares versus 239,360,677 outstanding, the position represents roughly 0.84% of outstanding shares, which is modest in absolute terms. There are no reported prior sales in the past three months and no disclosure of material nonpublic information. From a securities perspective, this appears to be an administrative liquidity event by an insider rather than an operational development.

TL;DR: Disclosure follows Rule 144 requirements for insider sales; governance controls appear observed.

The notice names the broker and provides acquisition details showing the shares resulted from vesting of compensation awards, with payment not applicable. The form includes the required representation about knowledge of material nonpublic information and indicates no related sales in the prior three months. This supports compliance with trading disclosure rules; it does not indicate changes to executive roles, corporate strategy, or capital structure beyond the ordinary conversion and disposition of vested equity.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does Rackspace (RXT) Form 144 disclose?

The Form 144 discloses a proposed sale of 2,000,000 common shares through Morgan Stanley on 09/15/2025, acquired by vesting on 09/13/2025.

How were the shares acquired according to the filing?

The filing states the shares were acquired by vesting of restricted stock units and performance stock units on 09/13/2025.

What is the aggregate market value of the shares to be sold?

The Form 144 reports an aggregate market value of $2,900,000.00 for the 2,000,000 shares to be sold.

Has the seller reported other sales in the past three months?

The filing indicates Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

Through which broker will the Rackspace shares be sold?

The broker named in the filing is Morgan Stanley Smith Barney LLC, 1 New York Plaza, 8th Floor, New York, NY 10004.
Rackspace Technology, Inc.

NASDAQ:RXT

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Software - Infrastructure
Services-computer Programming, Data Processing, Etc.
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United States
SAN ANTONIO