Rackspace CEO sells 8,258 shares at $2.95

Rackspace’s CEO carried out a small Rule 10b5-1 sell-to-cover trade for tax withholding tied to RSU vesting, retaining more than 4.1 million shares afterward.

Rhea-AI Filing Summary

Rackspace Technology, Inc. (RXT) reports that Chief Executive Officer Kandiah Gajakarnan Vibushanan sold 8,258 shares of common stock on September 2, 2026 at a weighted average price of $2.95 per share in an open-market transaction. The sale was a "sell to cover" transaction executed solely to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units, made under a Rule 10b5-1 trading plan adopted on March 17, 2026. Following this transaction, he directly holds 4,183,683 shares of Rackspace common stock. The trades were executed in multiple lots at prices ranging from $2.88 to $3.01 per share.

Insider Trade Summary 10b5-1

Net Seller: 8,258 shares

Net Sell 1 txn

Insider Kandiah Gajakarnan Vibushanan

Role Chief Executive Officer

Sold 8,258 shs ($24K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2, F3	8,258	$2.95	$24K

Holdings After Transaction: Common Stock — 4,183,683 shares (Direct)

Footnotes (3)

1. F1. Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
2. F2. This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on March 17, 2026. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.
3. F3. This transaction was executed in multiple trades at prices ranging from $2.88 to $3.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.

Key Figures

Shares sold: 8,258 shares Weighted average sale price: $2.95 per share Trade price range: $2.88–$3.01 per share +2 more

5 metrics

Shares sold 8,258 shares Common stock sale on September 2, 2026

Weighted average sale price $2.95 per share Open-market sale on September 2, 2026

Trade price range $2.88–$3.01 per share Multiple trades comprising the September 2, 2026 sale

Shares held after transaction 4,183,683 shares Direct ownership by CEO following the sell-to-cover transaction

Rule 10b5-1 trading plan adoption date March 17, 2026 Durable sell-to-cover instruction governing the sale

Key Terms

sell to cover, Rule 10b5-1 trading plan, restricted stock units, weighted average sale price, +1 more

5 terms

sell to cover financial

"shares of common stock that were sold in a "sell to cover" transaction"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

Rule 10b5-1 trading plan regulatory

"This transaction was made pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"in connection with the vesting of restricted stock units previously granted"

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.

weighted average sale price financial

"The price reported above reflects the weighted average sale price"

tax withholding obligations financial

"for the sole purpose of satisfying tax withholding obligations"

FAQ

What insider transaction did Rackspace Technology (RXT) disclose for its CEO?

Rackspace Technology disclosed that CEO Kandiah Gajakarnan Vibushanan sold 8,258 shares of common stock on September 2, 2026 at a weighted average price of $2.95 per share, in an open-market sale linked to tax withholding on vested restricted stock units.

Why did the Rackspace (RXT) CEO sell 8,258 shares?

The CEO’s sale of 8,258 shares was a “sell to cover” transaction executed solely to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units, as described in the filing’s footnotes.

Was the Rackspace (RXT) CEO’s stock sale made under a Rule 10b5-1 plan?

Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the CEO on March 17, 2026, providing for automatic sales to cover RSU-related tax withholding.

What price did the Rackspace (RXT) CEO receive for the sold shares?

The CEO’s transaction was executed in multiple trades at prices ranging from $2.88 to $3.01 per share. The reported figure of $2.95 per share is the weighted average sale price across those trades on September 2, 2026.

How many Rackspace (RXT) shares does the CEO hold after this transaction?

After the September 2, 2026 sell-to-cover transaction, the filing reports that CEO Kandiah Gajakarnan Vibushanan directly holds 4,183,683 shares of Rackspace Technology common stock.

Does this Rackspace (RXT) Form 4 indicate any derivative or option exercises?

No. The reported activity involves common stock only, with no derivative transactions or option exercises listed in the structured data; it reflects a sale of shares to cover RSU-related tax withholding.

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Available on EDGAR 09/02/2026 - 09:53 PM Accepted by SEC EDGAR 09/02/2026 - 09:52 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kandiah Gajakarnan Vibushanan

(Last) (First) (Middle)

C/O RACKSPACE TECHNOLOGY, INC.

19122 US HWY 281 N, SUITE 127

(Street)

SAN ANTONIO TEXAS 78258-7667

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Rackspace Technology, Inc. [ RXT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/02/2026		S(1)(2)		8,258(1)(2)	D	$2.95(3)	4,183,683	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.

2. This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on March 17, 2026. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.

3. This transaction was executed in multiple trades at prices ranging from $2.88 to $3.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.

Remarks:

	/s/ Sarah Alexander, by power of attorney from Gajakarnan Vibushanan Kandiah	09/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)