Rackspace HR chief sells $104K in stock for taxes

Rackspace Technology’s chief human resources officer sold shares to cover taxes from RSU vesting under a pre-arranged Rule 10b5-1 plan, retaining over 1.28 million shares.

Rhea-AI Filing Summary

Rackspace Technology, Inc. (RXT) reported that Chief Human Resources Officer Kellie Teal-Guess sold 33,558 shares of common stock on September 8, 2026, at a weighted average price of $3.13 per share in an open-market transaction. The filing states this 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 under a pre-arranged Rule 10b5-1 trading plan adopted on September 9, 2023. After these sales, Teal-Guess held 1,285,176 shares of Rackspace common stock directly.

Insider Trade Summary 10b5-1

Net Seller: 33,558 shares

Net Sell 1 txn

Insider TEAL-GUESS KELLIE

Role Chief Human Resources Officer

Sold 33,558 shs ($105K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2, F3	33,558	$3.13	$105K

Holdings After Transaction: Common Stock — 1,285,176 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 9, 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 $3.07 to $3.18. 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: 33,558 shares Weighted average sale price: $3.13 per share Sale price range: $3.07–$3.18 per share +3 more

6 metrics

Shares sold 33,558 shares Common stock sold on September 8, 2026 by Kellie Teal-Guess

Weighted average sale price $3.13 per share Open-market or private sale of Rackspace common stock

Sale price range $3.07–$3.18 per share Multiple trades executed for the reported transaction

Approximate transaction value $104,014 33,558 shares sold at a weighted average of $3.13 per share

Shares held after transaction 1,285,176 shares Direct ownership of Kellie Teal-Guess following the sale

10b5-1 plan adoption date September 9, 2023 Date the durable sell-to-cover Rule 10b5-1 trading plan was adopted

Key Terms

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

4 terms

Rule 10b5-1 trading plan regulatory

"This transaction was made pursuant to a Rule 10b5-1 trading plan"

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.

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.

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 RXT report for Kellie Teal-Guess?

Rackspace Technology reported that Chief Human Resources Officer Kellie Teal-Guess sold 33,558 shares of common stock on September 8, 2026 at a weighted average price of $3.13 per share in an open-market transaction.

Why did the Rackspace (RXT) insider sell 33,558 shares?

The sale of 33,558 shares was disclosed as a “sell to cover” transaction executed solely to satisfy tax withholding obligations resulting from the vesting of previously granted restricted stock units to Kellie Teal-Guess.

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

Yes. The filing states the transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by Kellie Teal-Guess on September 9, 2023.

How many Rackspace (RXT) shares does Kellie Teal-Guess hold after this transaction?

After the September 8, 2026 transaction, Kellie Teal-Guess directly held 1,285,176 shares of Rackspace Technology common stock, as reported in the Form 4 filing.

What was the price range for the RXT insider’s share sales?

The sale was executed in multiple trades at prices ranging from $3.07 to $3.18 per share. The reported $3.13 per share reflects the weighted average sale price across these trades.

What is the approximate dollar value of the RXT insider’s sell-to-cover transaction?

Based on 33,558 shares sold at a weighted average price of $3.13 per share, the transaction’s value is approximately $104,014, which the filing links to satisfying tax withholding obligations from RSU vesting.

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

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Available on EDGAR 09/08/2026 - 09:24 PM Accepted by SEC EDGAR 09/08/2026 - 09:23 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^*

TEAL-GUESS KELLIE

(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)
	Chief Human Resources Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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	09/08/2026		S(1)(2)		33,558(1)(2)	D	$3.13(3)	1,285,176	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 9, 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 $3.07 to $3.18. 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 Kellie Teal-Guess	09/08/2026
	** 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)