Rackspace Technology, Inc. SEC Filings

Koushik Srini, President, Technology at Rackspace Technology, Inc. (RXT), reported a transaction dated 09/01/2025. The filing shows 28,438 shares were disposed through withholding to satisfy tax on vested restricted stock units; the transaction is identified as exempt under Rule 16b-3 and carried a price of $1.26 per share. Following the withholding, Mr. Srini beneficially owns 1,338,459 shares.

The Form 4 was signed by Sarah Alexander by power of attorney on 09/03/2025. The disclosure documents an internal tax-withholding action on RSU vesting rather than an open-market sale or a new grant.

Rackspace Technology insider Dharmendra Kumar Sinha, EVP and President of Public Cloud, reported a non‑derivative disposition on 09/01/2025. The filing shows 55,917 shares of common stock were disposed of at an average price of $1.26 per share as shares were withheld to satisfy taxes on vested restricted stock units. After the withholding, the reporting person beneficially owned 2,660,046 shares directly.

This transaction is described as an exempt action under Rule 16b‑3 because it relates to tax withholding on RSU vesting, and it was reported by an authorized representative under power of attorney. The filing indicates routine compensation tax withholding rather than an open‑market sale.

Overview: This Form 4 reports an insider transaction by Kellie Teal-Guess, Chief Human Resources Officer of Rackspace Technology, Inc. (RXT). On 09/01/2025, 17,236 shares were withheld by the issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units. The shares were treated as a disposition at an effective price of $1.26 per share. After the withholding, Ms. Teal-Guess beneficially owned 1,061,951 shares.

Compliance details: The filing indicates the transaction was exempt under Rule 16b-3 and the box for a Rule 10b5-1 plan is checked. The Form 4 was signed by Sarah Alexander by power of attorney for Kellie Teal-Guess on 09/03/2025.

Mark A. Marino, Chief Financial Officer of Rackspace Technology, Inc. (RXT) reported a routine withholding transaction related to vested restricted stock units. On 09/01/2025 the filing shows 18,562 shares were disposed through a transaction coded F(1) at a reported price of $1.26 per share; the filer notes these shares were withheld by the issuer to satisfy withholding tax obligations arising from RSU vesting. After the transaction, Mr. Marino beneficially owns 2,446,359 shares directly. The Form 4 was signed via power of attorney on 09/03/2025. The filing indicates the transaction was exempt under Rule 16b-3 and does not disclose derivative activity.

Amar Maletira, Chief Executive Officer and Director of Rackspace Technology, Inc. (RXT), reported a routine withholding of shares to satisfy taxes on vested restricted stock units. On 09/01/2025 the filing shows 128,060 shares of Common Stock were disposed of under Transaction Code F(1) at a price of $1.26 per share, representing shares withheld by the issuer to cover withholding tax obligations. Following this withholding the reporting person beneficially owns 5,906,640 shares. The Form 4 was signed by an authorized representative by power of attorney on 09/03/2025. The filing indicates a tax-withholding exemption transaction under Rule 16b-3; no other purchases, sales, or derivative transactions are reported.

Rackspace Technology announced a leadership transition: Gajen Kandiah will become Chief Executive Officer effective September 3, 2025, succeeding Amar Maletira, who will serve as non-employee Vice Chairman through September 30, 2025 and then step down from the board. The board also elected Mr. Kandiah as a director on his start date. Mr. Kandiah joins with senior executive experience at Hitachi Rail, Hitachi Vantara and Cognizant.

His employment agreement provides a $1,000,000 annual salary, a target bonus of 150% of salary (pro-rated for 2025), one-time equity awards of 4,000,000 restricted stock units and 6,000,000 stock options vesting over four years, and severance and potential accelerated vesting upon certain terminations or change-in-control events.

Rackspace Technology, Inc. (RXT) reported an insider transaction by Koushik Srini, President, Technology. On 08/15/2025 11,477 shares of common stock were disposed under code F(1), at an effective per-share price of $1.17. The filing explains these shares were withheld by the issuer to satisfy tax withholding obligations arising from the vesting of restricted stock units, an exemption under Rule 16b-3. After the transaction, Mr. Srini is reported to beneficially own 1,366,897 shares, held directly. The form is signed by a power of attorney and indicates the transaction was made pursuant to a written plan.

Apollo-affiliated entities report collective shared beneficial ownership of 129,609,000 shares of Rackspace Technology, Inc. common stock, representing 54.1% of the outstanding class. The filing lists multiple related Apollo entities and funds that together hold the position, including two borrowers holding 69,609,000 and 60,000,000 shares respectively. The percentages are calculated on 239,360,677 shares outstanding as disclosed by the issuer. All reporting persons report no sole voting or dispositive power and instead report shared voting and dispositive power over the reported shares. The statement is an amendment to Schedule 13G identifying ownership structure, relationships among Apollo entities, and disclaimers of beneficial ownership by certain managers and officers.