Rackspace (RXT) Form 4: Shashank Samant Receives 75k RSUs

Rhea-AI Filing Summary

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

On 06/20/2025, non-employee director Shashank Samant received 75,471 restricted stock units (RSUs) at an acquisition price of $0 under the company’s Non-Employee Director Compensation Policy. Each RSU converts into one share of RXT common stock upon vesting. The RSUs vest on the earlier of the next annual shareholder meeting or the first anniversary of the grant date, contingent on Mr. Samant’s continued board service. Following the grant, his direct beneficial ownership increased to 389,552 common shares. No derivative securities were involved, and there were no dispositions or open-market sales.

The filing represents routine equity compensation designed to align director interests with shareholders. It does not signal a change in strategy, operations, or financial outlook.

Insights

Financial Analyst

TL;DR: Routine RSU grant boosts director ownership; negligible market impact.

This Form 4 discloses a standard equity award to director Shashank Samant. The 75,471 RSUs—vesting within one year—raise his stake to 389,552 shares, reinforcing governance alignment but lacking transactional insight into insider sentiment because there is no open-market buy or sell. Such director grants are customary and immaterial relative to RXT’s share count, so the filing is neutral for valuation or near-term trading.

Insider Trade Summary

Net Buyer: 75,471 shares

Net Buy 1 txn

Insider Samant Shashank

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	75,471	$0.00	$0.00

Holdings After Transaction: Common Stock — 389,552 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/27/2025 - 07:03 PM Learn about SEC filing dates

FAQ

How many Rackspace (RXT) shares did Shashank Samant acquire?

He received 75,471 restricted stock units, each convertible into one common share upon vesting.

What is the vesting schedule for the new RSUs granted to RXT's director?

The RSUs vest on the earlier of the next annual shareholder meeting or one year from 06/20/2025, subject to continued board service.

What is Shashank Samant’s total ownership in RXT after the grant?

After the transaction, he directly beneficially owns 389,552 Rackspace common shares.

Was there any cash paid for the RSUs granted to the Rackspace director?

No. The RSUs were granted at $0 cost as part of the Non-Employee Director Compensation Policy.

Does this Form 4 indicate insider buying or selling of RXT stock?

No. It reflects a routine incentive grant with no open-market purchase or sale of shares.

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^*

Samant Shashank

(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	389,552	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 Shashank Samant	06/27/2025
	** 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.