Rackspace EVP sells 107K shares to cover taxes

Rackspace’s EVP for Public Cloud executed an automatic sell-to-cover trade for tax withholding tied to RSU vesting, and continues to hold over 3.26 million RXT shares.

Rhea-AI Filing Summary

Rackspace Technology, Inc. (RXT) reported that executive officer Dharmendra Kumar Sinha, EVP and President, Public Cloud, sold 107,002 shares of common stock on September 2, 2026 at a weighted average price of $2.95 per share.

The sale was a sell-to-cover transaction executed solely to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units and was carried out automatically under a Rule 10b5-1 trading plan adopted on September 14, 2023. Following this transaction, Sinha directly holds 3,263,429 shares of Rackspace common stock.

Insider Trade Summary 10b5-1

Net Seller: 107,002 shares

Net Sell 1 txn

Insider SINHA DHARMENDRA KUMAR

Role EVP, President, Public Cloud

Sold 107,002 shs ($316K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2, F3	107,002	$2.95	$316K

Holdings After Transaction: Common Stock — 3,263,429 shares (Direct)

Footnotes (3)

1. F1. Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
2. F2. This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 14, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.
3. F3. This transaction was executed in multiple trades at prices ranging from $2.88 to $3.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.

Key Figures

Shares sold: 107,002 shares Weighted average sale price: $2.95 per share Post-transaction holdings: 3,263,429 shares +2 more

5 metrics

Shares sold 107,002 shares Common stock sold on September 2, 2026 in a sell-to-cover transaction

Weighted average sale price $2.95 per share Average price for 107,002 shares sold on September 2, 2026

Post-transaction holdings 3,263,429 shares Shares of Rackspace common stock directly owned after the sale

Sale price range $2.88–$3.01 per share Range of prices at which multiple trades were executed for this transaction

Rule 10b5-1 plan adoption date September 14, 2023 Date the durable sell-to-cover trading plan was adopted

Key Terms

sell to cover, Rule 10b5-1 trading plan, restricted stock units, weighted average sale price

4 terms

sell to cover financial

"shares of common stock that were sold in a "sell to cover" transaction"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

Rule 10b5-1 trading plan regulatory

"made pursuant to a Rule 10b5-1 trading plan in the form of a durable"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"tax withholding obligations in connection with the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average sale price financial

"The price reported above reflects the weighted average sale price"

FAQ

What insider transaction did Rackspace Technology (RXT) disclose for Dharmendra Kumar Sinha?

Rackspace disclosed that Dharmendra Kumar Sinha sold 107,002 shares of common stock on September 2, 2026 at a weighted average price of $2.95 per share, in a transaction reported on Form 4.

Why did the Rackspace (RXT) executive sell 107,002 shares?

The 107,002 shares were sold in a sell to cover transaction conducted solely to satisfy tax withholding obligations resulting from the vesting of restricted stock units previously granted to Dharmendra Kumar Sinha.

Was the Rackspace (RXT) insider sale made under a Rule 10b5-1 plan?

Yes. The sale was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by Dharmendra Kumar Sinha on September 14, 2023 for automatic tax-withholding related sales.

How many Rackspace (RXT) shares does Dharmendra Kumar Sinha own after the sale?

After the reported transaction, Dharmendra Kumar Sinha directly owns 3,263,429 shares of Rackspace Technology common stock, as stated in the Form 4 filing.

What price range applied to the 107,002 Rackspace (RXT) shares sold?

The shares were sold in multiple trades at prices ranging from $2.88 to $3.01 per share. The reported $2.95 figure reflects the weighted average sale price across those trades.

What role does Dharmendra Kumar Sinha hold at Rackspace Technology (RXT)?

Dharmendra Kumar Sinha is an officer of Rackspace Technology, serving as EVP, President, Public Cloud, according to the Form 4 disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/02/2026 - 09:54 PM Accepted by SEC EDGAR 09/02/2026 - 09:53 PM Learn about SEC filing dates

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^*

SINHA DHARMENDRA KUMAR

(Last) (First) (Middle)

C/O RACKSPACE TECHNOLOGY, INC.

19122 US HWY 281 N, SUITE 127

(Street)

SAN ANTONIO TEXAS 78258-7667

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	EVP, President, Public Cloud

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026

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

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

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

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	09/02/2026		S(1)(2)		107,002(1)(2)	D	$2.95(3)	3,263,429	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. Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.

2. This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 14, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.

3. This transaction was executed in multiple trades at prices ranging from $2.88 to $3.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.

Remarks:

	/s/ Sarah Alexander, by power of attorney from Dharmendra Kumar Sinha	09/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)