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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Rackspace Technology director Mark Gross received a grant of 75,471 restricted stock units (RSUs) on June 20, 2025, as part of the company's Non-Employee Director Compensation Policy. Following this transaction, Gross now beneficially owns 168,095 shares directly.

Key details of the RSU grant:

  • Transaction was exempt under Section 16b-3
  • Each RSU converts to one share of common stock upon vesting
  • Vesting occurs at the earlier of: (a) next annual stockholder meeting after grant date, or (b) one-year anniversary of grant date
  • Vesting is contingent on continued board service
  • RSUs were granted at $0 cost to the director

The Form 4 was filed by Sarah Alexander on behalf of Mark Gross through power of attorney on June 23, 2025.

Il direttore di Rackspace Technology, Mark Gross, ha ricevuto il 20 giugno 2025 una concessione di 75.471 unità azionarie vincolate (RSU) nell'ambito della Politica di Compenso per Direttori Non Dipendenti della società. A seguito di questa operazione, Gross detiene ora direttamente 168.095 azioni.

Dettagli principali della concessione delle RSU:

  • La transazione è esente ai sensi della Sezione 16b-3
  • Ogni RSU si trasforma in un'azione ordinaria al momento del consolidamento
  • Il consolidamento avviene al primo tra: (a) la successiva assemblea annuale degli azionisti dopo la data di concessione, oppure (b) il primo anniversario della data di concessione
  • Il consolidamento è subordinato alla continuazione del servizio nel consiglio
  • Le RSU sono state assegnate senza alcun costo per il direttore

Il Modulo 4 è stato presentato da Sarah Alexander per conto di Mark Gross tramite procura il 23 giugno 2025.

El director de Rackspace Technology, Mark Gross, recibió una concesión de 75,471 unidades restringidas de acciones (RSU) el 20 de junio de 2025, como parte de la Política de Compensación para Directores No Empleados de la empresa. Tras esta operación, Gross posee ahora directamente 168,095 acciones.

Detalles clave de la concesión de RSU:

  • La transacción está exenta según la Sección 16b-3
  • Cada RSU se convierte en una acción común al momento de la consolidación
  • La consolidación ocurre en la primera fecha entre: (a) la próxima junta anual de accionistas después de la fecha de concesión, o (b) el primer aniversario de la fecha de concesión
  • La consolidación está condicionada a la continuidad en el servicio del consejo
  • Las RSU se otorgaron sin costo para el director

El Formulario 4 fue presentado por Sarah Alexander en nombre de Mark Gross mediante poder notarial el 23 de junio de 2025.

Rackspace Technology 이사 Mark Gross는 2025년 6월 20일 회사의 비임원 이사 보상 정책에 따라 75,471개의 제한 주식 단위(RSU)를 부여받았습니다. 이 거래 이후 Gross는 직접 168,095주를 실질적으로 소유하게 되었습니다.

RSU 부여의 주요 내용:

  • 거래는 섹션 16b-3에 따라 면제됨
  • 각 RSU는 베스팅 시 보통주 1주로 전환됨
  • 베스팅은 부여일 이후 다음 연례 주주총회 또는 부여일 1주년 중 빠른 시점에 발생함
  • 베스팅은 이사회 서비스 지속 여부에 따라 달라짐
  • RSU는 이사에게 비용 없이 부여됨

Form 4는 2025년 6월 23일 Sarah Alexander가 위임장을 통해 Mark Gross를 대신하여 제출했습니다.

Le directeur de Rackspace Technology, Mark Gross, a reçu une attribution de 75 471 unités d'actions restreintes (RSU) le 20 juin 2025, dans le cadre de la politique de rémunération des administrateurs non salariés de l'entreprise. Suite à cette opération, Gross détient désormais directement 168 095 actions.

Principaux détails de l'attribution des RSU :

  • La transaction est exonérée en vertu de la Section 16b-3
  • Chaque RSU se convertit en une action ordinaire lors de l'acquisition
  • L'acquisition intervient à la première échéance entre : (a) la prochaine assemblée générale annuelle des actionnaires après la date d'attribution, ou (b) le premier anniversaire de la date d'attribution
  • L'acquisition est conditionnée à la poursuite du service au conseil
  • Les RSU ont été attribuées sans coût pour le directeur

Le formulaire 4 a été déposé par Sarah Alexander au nom de Mark Gross par procuration le 23 juin 2025.

Rackspace Technology Direktor Mark Gross erhielt am 20. Juni 2025 eine Zuteilung von 75.471 Restricted Stock Units (RSUs) im Rahmen der Vergütungspolitik für nicht angestellte Direktoren des Unternehmens. Nach dieser Transaktion besitzt Gross nun direkt 168.095 Aktien.

Wichtige Details zur RSU-Zuteilung:

  • Die Transaktion war gemäß Abschnitt 16b-3 ausgenommen
  • Jede RSU wird bei Vesting in eine Stammaktie umgewandelt
  • Das Vesting erfolgt zum früheren Zeitpunkt von: (a) der nächsten jährlichen Hauptversammlung nach dem Zuteilungsdatum oder (b) dem einjährigen Jahrestag des Zuteilungsdatums
  • Das Vesting ist an die fortgesetzte Vorstandstätigkeit gebunden
  • Die RSUs wurden dem Direktor ohne Kosten zugeteilt

Das Formular 4 wurde am 23. Juni 2025 von Sarah Alexander im Auftrag von Mark Gross per Vollmacht eingereicht.

Positive
  • None.
Negative
  • None.

Il direttore di Rackspace Technology, Mark Gross, ha ricevuto il 20 giugno 2025 una concessione di 75.471 unità azionarie vincolate (RSU) nell'ambito della Politica di Compenso per Direttori Non Dipendenti della società. A seguito di questa operazione, Gross detiene ora direttamente 168.095 azioni.

Dettagli principali della concessione delle RSU:

  • La transazione è esente ai sensi della Sezione 16b-3
  • Ogni RSU si trasforma in un'azione ordinaria al momento del consolidamento
  • Il consolidamento avviene al primo tra: (a) la successiva assemblea annuale degli azionisti dopo la data di concessione, oppure (b) il primo anniversario della data di concessione
  • Il consolidamento è subordinato alla continuazione del servizio nel consiglio
  • Le RSU sono state assegnate senza alcun costo per il direttore

Il Modulo 4 è stato presentato da Sarah Alexander per conto di Mark Gross tramite procura il 23 giugno 2025.

El director de Rackspace Technology, Mark Gross, recibió una concesión de 75,471 unidades restringidas de acciones (RSU) el 20 de junio de 2025, como parte de la Política de Compensación para Directores No Empleados de la empresa. Tras esta operación, Gross posee ahora directamente 168,095 acciones.

Detalles clave de la concesión de RSU:

  • La transacción está exenta según la Sección 16b-3
  • Cada RSU se convierte en una acción común al momento de la consolidación
  • La consolidación ocurre en la primera fecha entre: (a) la próxima junta anual de accionistas después de la fecha de concesión, o (b) el primer aniversario de la fecha de concesión
  • La consolidación está condicionada a la continuidad en el servicio del consejo
  • Las RSU se otorgaron sin costo para el director

El Formulario 4 fue presentado por Sarah Alexander en nombre de Mark Gross mediante poder notarial el 23 de junio de 2025.

Rackspace Technology 이사 Mark Gross는 2025년 6월 20일 회사의 비임원 이사 보상 정책에 따라 75,471개의 제한 주식 단위(RSU)를 부여받았습니다. 이 거래 이후 Gross는 직접 168,095주를 실질적으로 소유하게 되었습니다.

RSU 부여의 주요 내용:

  • 거래는 섹션 16b-3에 따라 면제됨
  • 각 RSU는 베스팅 시 보통주 1주로 전환됨
  • 베스팅은 부여일 이후 다음 연례 주주총회 또는 부여일 1주년 중 빠른 시점에 발생함
  • 베스팅은 이사회 서비스 지속 여부에 따라 달라짐
  • RSU는 이사에게 비용 없이 부여됨

Form 4는 2025년 6월 23일 Sarah Alexander가 위임장을 통해 Mark Gross를 대신하여 제출했습니다.

Le directeur de Rackspace Technology, Mark Gross, a reçu une attribution de 75 471 unités d'actions restreintes (RSU) le 20 juin 2025, dans le cadre de la politique de rémunération des administrateurs non salariés de l'entreprise. Suite à cette opération, Gross détient désormais directement 168 095 actions.

Principaux détails de l'attribution des RSU :

  • La transaction est exonérée en vertu de la Section 16b-3
  • Chaque RSU se convertit en une action ordinaire lors de l'acquisition
  • L'acquisition intervient à la première échéance entre : (a) la prochaine assemblée générale annuelle des actionnaires après la date d'attribution, ou (b) le premier anniversaire de la date d'attribution
  • L'acquisition est conditionnée à la poursuite du service au conseil
  • Les RSU ont été attribuées sans coût pour le directeur

Le formulaire 4 a été déposé par Sarah Alexander au nom de Mark Gross par procuration le 23 juin 2025.

Rackspace Technology Direktor Mark Gross erhielt am 20. Juni 2025 eine Zuteilung von 75.471 Restricted Stock Units (RSUs) im Rahmen der Vergütungspolitik für nicht angestellte Direktoren des Unternehmens. Nach dieser Transaktion besitzt Gross nun direkt 168.095 Aktien.

Wichtige Details zur RSU-Zuteilung:

  • Die Transaktion war gemäß Abschnitt 16b-3 ausgenommen
  • Jede RSU wird bei Vesting in eine Stammaktie umgewandelt
  • Das Vesting erfolgt zum früheren Zeitpunkt von: (a) der nächsten jährlichen Hauptversammlung nach dem Zuteilungsdatum oder (b) dem einjährigen Jahrestag des Zuteilungsdatums
  • Das Vesting ist an die fortgesetzte Vorstandstätigkeit gebunden
  • Die RSUs wurden dem Direktor ohne Kosten zugeteilt

Das Formular 4 wurde am 23. Juni 2025 von Sarah Alexander im Auftrag von Mark Gross per Vollmacht eingereicht.

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).
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*
Gross Mark

(Last) (First) (Middle)
C/O RACKSPACE TECHNOLOGY, INC.
1718 DRY CREEK WAY, SUITE 115

(Street)
SAN ANTONIO TX 78259

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
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 06/20/2025 A 75,471(1) A $0 168,095 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 a grant of restricted stock units ("RSUs") under the Non-Employee Director Compensation Policy of the Issuer in a transaction exempt under Section 16b-3. Each RSU represents the right to receive one share of common stock of Rackspace Technology, Inc. upon vesting. The shares underlying the RSUs will vest on the earlier of (a) the next subsequent annual meeting of stockholders following the grant date or (b) the one year anniversary of the grant date, subject to the reporting person remaining a member of the Issuer's board of directors through such date.
Remarks:
/s/ Sarah Alexander, by power of attorney from Mark Gross 06/23/2025
** 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

How many RXT shares did Director Mark Gross acquire on June 20, 2025?

Director Mark Gross acquired 75,471 restricted stock units (RSUs) of RXT on June 20, 2025. Following this transaction, he beneficially owned a total of 168,095 shares directly.

What is the vesting schedule for RXT Director Mark Gross's RSU grant?

The RSUs will vest on the earlier of (a) the next subsequent annual meeting of stockholders following the grant date or (b) the one year anniversary of the grant date, subject to Mark Gross remaining a member of RXT's board of directors through such date.

What was the purchase price of RXT RSUs granted to Director Mark Gross?

The RSUs were granted at $0 cost to Mark Gross as part of Rackspace Technology's Non-Employee Director Compensation Policy in a transaction exempt under Section 16b-3.

Who filed the Form 4 for RXT Director Mark Gross?

The Form 4 was filed by Sarah Alexander on behalf of Mark Gross, acting under power of attorney, and was signed on June 23, 2025.
Rackspace Technology, Inc.

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