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