[Form 4] Rackspace Technology, Inc. Insider Trading Activity
Scott Anthony, a director of Rackspace Technology, Inc. (RXT), reported the sale of 40,000 shares of the company's common stock on 09/08/2025. The transactions were executed in multiple trades at prices ranging from $1.41 to $1.45, with a weighted average sale price of $1.43. After the sale, the reporting person beneficially owned 191,045 shares on a direct basis. The Form 4 was signed under power of attorney by Sarah Alexander.
- Transaction fully disclosed with weighted average price and price range, enhancing transparency
 - Significant continuing ownership: the reporting person still directly owns 191,045 shares after the sale
 
- Insider sale of 40,000 shares reduces the director's stake
 - Sale executed at low absolute price (weighted average $1.43), which may attract investor attention
 
Insights
TL;DR: Routine director sale of 40,000 RXT shares at a $1.43 weighted average; remaining direct holding is 191,045 shares.
The disclosed transaction is a straightforward insider disposition that reduces the director's direct stake but leaves a sizeable continuing holding. The filing provides sufficient execution detail, including the price range and weighted average, which aids transparency. This type of disclosure is typically neutral for valuation absent other company-specific news or larger, unexpected insider patterns.
TL;DR: Compliance appears proper: sale reported on Form 4 with price details and power-of-attorney signature.
The Form 4 indicates compliance with Section 16 reporting rules. The use of a power of attorney for signature is noted and the explanatory footnote commits to provide trade-level details on request. From a governance perspective, the filing raises no immediate red flags, as it documents the sale, price range, and residual ownership clearly.