What does the zero price per share mean in Benjamin D. Jeffrey’s Rackspace (RXT) Form 4?

The reported price of $0.00 per share indicates the 71,156 shares were granted as restricted stock units, not bought in the market. This reflects compensation under Rackspace’s Non-Employee Director Compensation Policy rather than a cash purchase by Benjamin D. Jeffrey.

Rackspace (RXT) director granted 71,156 RSUs as equity compensation

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Rackspace Technology, Inc. director Benjamin D. Jeffrey received a grant of 71,156 restricted stock units as equity compensation. These RSUs convert into an equal number of common shares upon vesting. The units vest on the earlier of the next annual stockholder meeting or one year after the grant date, as long as he remains on the board. Following this award, he directly holds 636,318 shares of Rackspace common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BENJAMIN JEFFREY D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	71,156	$0.00	--

Holdings After Transaction: Common Stock — 636,318 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 71,156 units Grant price: $0.00 per share Holdings after grant: 636,318 shares +1 more

4 metrics

RSU grant size 71,156 units Restricted stock units awarded to director on grant date

Grant price $0.00 per share Compensation award, not an open-market purchase

Holdings after grant 636,318 shares Total direct Rackspace common stock after RSU award

Vesting schedule Earlier of next annual meeting or one year Vesting condition for 71,156 RSUs, subject to board service

Key Terms

restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, Section 16b-3, annual meeting of stockholders, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents a grant of restricted stock units ("RSUs") under the Non-Employee Director Compensation Policy"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Non-Employee Director Compensation Policy financial

"grant of restricted stock units ("RSUs") under the Non-Employee Director Compensation Policy of the Issuer"

Section 16b-3 regulatory

"RSUs under the Non-Employee Director Compensation Policy of the Issuer in a transaction exempt under Section 16b-3"

annual meeting of stockholders financial

"will vest on the earlier of (a) the next subsequent annual meeting of stockholders following the grant date"

vesting financial

"Each RSU represents the right to receive one share of common stock ... upon vesting."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 05:21 PM

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^*

BENJAMIN JEFFREY D

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/18/2026		A⁽¹⁾		71,156⁽¹⁾	A	$0	636,318	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Jeffrey Benjamin	06/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Rackspace (RXT) director Benjamin D. Jeffrey report on this Form 4?

Benjamin D. Jeffrey reported receiving 71,156 restricted stock units as equity compensation. Each RSU represents one share of Rackspace common stock upon vesting, granted under the company’s Non-Employee Director Compensation Policy and recorded as an acquisition, not an open-market purchase or sale.

How many Rackspace (RXT) shares does Benjamin D. Jeffrey hold after this RSU grant?

After the RSU grant, Benjamin D. Jeffrey directly holds 636,318 shares of Rackspace common stock. This total includes the newly awarded 71,156 restricted stock units, which convert into shares upon vesting, reflecting his ongoing equity-based alignment with Rackspace’s shareholders.

When do Benjamin D. Jeffrey’s new Rackspace (RXT) RSUs vest?

The 71,156 RSUs vest on the earlier of the next subsequent annual meeting of stockholders or the one-year anniversary of the grant date. Vesting is conditioned on Benjamin D. Jeffrey continuing to serve as a member of Rackspace’s board of directors through that vesting date.

Are Benjamin D. Jeffrey’s Rackspace (RXT) RSUs exempt under Section 16b-3?

Yes. The filing states the RSU grant is a transaction exempt under Section 16b-3. This provision generally covers certain board-approved, issuer-based equity compensation, so the RSU award is treated as an exempt acquisition rather than a potentially short-swing profit transaction.