[Form 4] Rackspace Technology, Inc. Insider Trading Activity

Rhea-AI Filing Summary

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.

Positive

• Continued substantial ownership: Reporting person retains 1,338,459 shares, maintaining alignment with shareholders
• Transaction is administrative: Withholding for tax on RSU vesting is exempt under Rule 16b-3, not an open-market sale

Negative

• Shares disposed (withheld): 28,438 shares were surrendered to satisfy tax withholding obligations
• Nominal dilution of holdings: The reported disposal reduces the reporting person’s absolute share count

Insights

Corporate Governance Expert

TL;DR: Officer withheld shares to cover RSU taxes; ownership remains substantial and the transaction is routine.

This Form 4 records a common, administrative disposition: shares withheld to satisfy tax withholding obligations on vested restricted stock units. The filing cites the Rule 16b-3 exemption, indicating the transfer is part of compensatory equity arrangements rather than a discretionary market sale. The officer still retains a material equity position of 1,338,459 shares, which aligns incentives with shareholders. No unexpected leadership change or new compensation arrangement is disclosed.

Securities Analyst

TL;DR: Disposal reflects tax withholding on RSUs at $1.26; not an active divestiture, limited market impact expected.

The report shows 28,438 shares were withheld at an effective price of $1.26 to cover tax liabilities arising from RSU vesting. Because the transaction is a withholding rather than an open-market sale, it does not indicate intent to reduce ownership for liquidity or diversification. Reported beneficial ownership remains at 1,338,459 shares, preserving alignment with corporate performance. This is a routine filing with low informational novelty for investors.

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

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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^*

Koushik Srini

(Last) (First) (Middle)

C/O RACKSPACE TECHNOLOGY, INC.

1718 DRY CREEK WAY, SUITE 115

(Street)

SAN ANTONIO TX 78259-1837

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Technology

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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

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

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

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	09/01/2025		F(1)		28,438(1)	D	$1.26	1,338,459	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. Represents shares withheld by the Issuer to satisfy withholding tax liability incident to the vesting of restricted stock units in a transaction exempt under Rule 16b-3.

Remarks:

	/s/ Sarah Alexander, by power of attorney from Srinivas Koushik	09/03/2025
	** 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.

FAQ

What did Rackspace (RXT) officer Koushik Srini report on Form 4?

The filing reports that 28,438 shares were withheld to satisfy withholding tax on vested restricted stock units; the transaction date is 09/01/2025.

How many shares does Koushik Srini beneficially own after the transaction?

Following the withholding, Mr. Srini beneficially owns 1,338,459 shares.

What was the price associated with the withheld shares?

The Form 4 lists a price of $1.26 per share for the reported withholding transaction.

Why were the shares disposed of according to the filing?

The shares were withheld by the issuer to satisfy withholding tax liability incident to the vesting of restricted stock units, as explained in the filing.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Sarah Alexander by power of attorney for Srinivas Koushik and dated 09/03/2025.