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

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Rackspace Technology, Inc. (RXT) – Form 4 insider filing

Director Mitchell Alan Garber reported the grant of 75,471 restricted stock units (RSUs) on 20 June 2025 under the company’s Non-Employee Director Compensation Policy. Each RSU converts into one common share upon vesting. The award vests on the earlier of the next annual shareholder meeting or the first anniversary of the grant date, providing the director remains on the board.

Following this grant, Garber’s direct beneficial ownership rises to 373,860 common shares. The transaction was coded “A” (acquisition) at $0 cost, indicating a compensatory award rather than an open-market purchase.

The filing discloses no derivative transactions, sales, or 10b5-1 trading plans. As a routine director equity grant, the event does not materially affect Rackspace’s capital structure or near-term financial outlook but modestly aligns director incentives with shareholder value.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine RSU grant; neutral impact, minor alignment of incentives.

The Form 4 shows a standard annual equity award to non-employee director Mitchell Garber. The 75,471 RSUs—roughly a few hundred thousand dollars at current prices—represent incentive alignment but do not signal insider conviction via open-market buying. Post-grant ownership of 373,860 shares is unchanged economically because the award has a one-year vesting condition and no cash outlay.

There is no sale activity or 10b5-1 plan, so the filing poses no dilution risk and carries minimal informational value for investors assessing RXT’s fundamentals. Overall, the disclosure is neutral with negligible impact on valuation or market sentiment.

Insider Garber Mitchell Alan
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 75,471 $0.00 $0.00
Holdings After Transaction: Common Stock — 373,860 shares (Direct)
Footnotes (1)
  1. F1. 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.

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

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Form 4 Insider Transactions: What Each Field Means →
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*
Garber Mitchell Alan
(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 $0 373,860 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 Mitchell Garber 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.

Source: View Original Filing on SEC EDGAR