Rackspace Technology, Inc. SEC Filings

Rackspace Technology (RXT) reported an executive departure in an 8-K filing. On September 24, 2025, Srinivas Koushik resigned as President, Technology, Sustainability and Artificial Intelligence. The company and Mr. Koushik entered into a separation agreement and release of claims under which he will be eligible to receive a pro‑rata bonus for 2025 in exchange for providing transition and advisory services and will be subject to customary restrictive covenants.

The filing states Mr. Koushik's resignation and the terms of the separation agreement but does not disclose financial amounts, replacement plans, or operational impacts.

Rackspace Technology director Amar Maletira reported the sale of 1,780,619 shares of common stock between September 15 and 17, 2025. The transactions were executed under a Rule 10b5-1 durable sell-to-cover plan adopted September 14, 2023, and were done to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units and performance stock units. The Form 4 shows a weighted average sale price of $1.35 per share (trade prices ranged $1.33–$1.44). After the sales, the reporting person beneficially owns 4,608,619 shares, reported as direct ownership.

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.

Scott Anthony, a director of Rackspace Technology, Inc. (RXT), reported the sale of 40,000 shares of the company's common stock on 09/08/2025. The transactions were executed in multiple trades at prices ranging from $1.41 to $1.45, with a weighted average sale price of $1.43. After the sale, the reporting person beneficially owned 191,045 shares on a direct basis. The Form 4 was signed under power of attorney by Sarah Alexander.

Rackspace Technology reported that Gajakarnan Vibushanan Kandiah, serving as Chief Executive Officer and a director, received equity awards on 09/04/2025. The filing shows a grant of 4,000,000 restricted stock units (RSUs) that vest 25% annually on each September 3 from 2026 through 2029 and a grant of 6,000,000 stock options with an exercise price of $1.30 that vest 25% annually on each September 3 from 2026 through 2029 and expire on 09/03/2035. The RSUs and options were approved by a majority of the independent board members as inducements outside the company’s shareholder-approved equity incentive plan.

The report lists 4,000,000 shares beneficially owned following the RSU grant and 6,000,000 underlying shares from the option grant, both held directly. The form was signed by a power of attorney on behalf of Mr. Kandiah on 09/08/2025.

Kandiah Gajakarnan Vibushanan filed an initial Form 3 reporting his relationship to Rackspace Technology, Inc. (RXT). The filing, dated 09/03/2025, lists him as both Chief Executive Officer and a Director. The statement discloses that no securities are beneficially owned by the reporting person as of the event date. The form is signed by Sarah Alexander by power of attorney on behalf of the reporting person on 09/08/2025. The filing contains no ownership lines in Table I or II and therefore reports zero equity holdings in the issuer at this time.

Form 144 notice for Rackspace Technology, Inc. (RXT) reports a proposed sale of 40,000 common shares held as restricted stock acquired 06/14/2024. The shares have an aggregate market value of $57,184 based on the filing and represent part of the issuer's outstanding common stock of 239,360,677 shares. The broker listed is Morgan Stanley Smith Barney LLC and the sale is scheduled approximately for 09/08/2025 on NASDAQ. The filer states no sales in the prior three months and provides the required representation about absence of undisclosed material adverse information.