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

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

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.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU tax withholding: non-economic disposition of 128,060 shares; neutral for shareholder value.

The transaction represents shares withheld by Rackspace to satisfy tax liabilities from vested restricted stock units rather than an open-market sale. The reported price of $1.26 per share reflects the statutory withholding value used by the issuer. Because this is a tax-related withholding and the reporting person continues to hold a substantial equity stake (5,906,640 shares), the action is administrative and does not signal a change in insider conviction or immediate liquidity-driven selling pressure.

TL;DR: Administrative compliance filing consistent with Rule 16b-3; no governance concerns apparent.

The Form 4 discloses a withholding-of-shares transaction commonly used to satisfy tax withholding on vested RSUs. The filing is properly executed via power of attorney and lists the reporting persons roles as CEO and Director. There are no indications of accelerated disposition, policy breaches, or atypical insider behavior. From a governance perspective this is routine disclosure fulfilling Section 16 reporting obligations.

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*
Maletira Amar

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
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) 128,060(1) D $1.26 5,906,640 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 Amar Maletira 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 Amar Maletira report on the Form 4 for RXT?

The Form 4 reports that 128,060 shares were withheld to cover taxes on vested RSUs, resulting in 5,906,640 shares beneficially owned.

When did the withholding transaction occur for Rackspace (RXT)?

The transaction date reported is 09/01/2025, and the Form 4 was signed via power of attorney on 09/03/2025.

What transaction code and price are shown on the Form 4?

The Form 4 lists Transaction Code F(1) with a price of $1.26 per share, reflecting shares withheld by the issuer for tax purposes.

Does the Form 4 show any open-market sales or derivative transactions by the insider?

No. The filing only discloses an RSU withholding disposition; there are no open-market sales or derivative positions reported.

Does this filing indicate any governance or compliance issues?

No. The disclosure appears routine and compliant with Section 16 reporting; it was executed by an authorized representative by power of attorney.
Rackspace Technology, Inc.

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