Welcome to our dedicated page for Rackspace Technology SEC filings (Ticker: RXT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Rackspace Technology, Inc. filings document the company's public-company disclosures as a hybrid cloud and AI solutions provider. Recent Form 8-K reports cover quarterly and annual operating results, including Private Cloud and Public Cloud revenue trends, cash flow measures, and related earnings releases.
Rackspace's proxy and current reports also record governance matters, board and executive changes, executive compensation, equity-award disclosures, and separation or employment-related arrangements. These filings provide formal disclosure on the company's management structure, director elections, compensation practices, and material events affecting its reporting obligations.
Rackspace Technology announced a leadership transition: Gajen Kandiah will become Chief Executive Officer effective September 3, 2025, succeeding Amar Maletira, who will serve as non-employee Vice Chairman through September 30, 2025 and then step down from the board. The board also elected Mr. Kandiah as a director on his start date. Mr. Kandiah joins with senior executive experience at Hitachi Rail, Hitachi Vantara and Cognizant.
His employment agreement provides a $1,000,000 annual salary, a target bonus of 150% of salary (pro-rated for 2025), one-time equity awards of 4,000,000 restricted stock units and 6,000,000 stock options vesting over four years, and severance and potential accelerated vesting upon certain terminations or change-in-control events.
Rackspace Technology, Inc. reported a change in board composition following the departure of Mr. Samant. In line with the company's certificate of incorporation, bylaws and investor rights agreements, the Board expects to reduce its size from ten (10) directors to nine (9). The filing also includes the standard Rule 14a-12 and other pre-commencement checkbox items, which are not checked.
Rackspace Technology, Inc. (RXT) reported an insider transaction by Koushik Srini, President, Technology. On 08/15/2025 11,477 shares of common stock were disposed under code F(1), at an effective per-share price of $1.17. The filing explains these shares were withheld by the issuer to satisfy tax withholding obligations arising from the vesting of restricted stock units, an exemption under Rule 16b-3. After the transaction, Mr. Srini is reported to beneficially own 1,366,897 shares, held directly. The form is signed by a power of attorney and indicates the transaction was made pursuant to a written plan.
Apollo-affiliated entities report collective shared beneficial ownership of 129,609,000 shares of Rackspace Technology, Inc. common stock, representing 54.1% of the outstanding class. The filing lists multiple related Apollo entities and funds that together hold the position, including two borrowers holding 69,609,000 and 60,000,000 shares respectively. The percentages are calculated on 239,360,677 shares outstanding as disclosed by the issuer. All reporting persons report no sole voting or dispositive power and instead report shared voting and dispositive power over the reported shares. The statement is an amendment to Schedule 13G identifying ownership structure, relationships among Apollo entities, and disclaimers of beneficial ownership by certain managers and officers.
Rackspace Technology (RXT) reported second-quarter 2025 results in its Form 10-Q showing revenue of $666.3 million for the quarter and $1,331.7 million for the six months ended June 30, 2025, down from $684.9 million and $1,375.7 million, respectively, a modest decline in top-line activity.
The company had $103.9 million of cash and cash equivalents and $105.7 million of total cash, cash equivalents and restricted cash at period end, total assets of $2,894.9 million and total debt (including issuance premiums/costs) of $2,800.2 million with principal outstanding reported at $2,504.3 million. Stockholders' deficit was $(1,119.0) million and goodwill net was $741.1 million. Operating cash flow improved to $21.0 million for the six months ended June 30, 2025 versus a use of $(66.2) million in the comparable period in 2024. The filing discloses remaining performance obligations of $515.0 million, with ~35% expected to be recognized in the remainder of 2025. The company states it is highly leveraged but believes available sources and $103.9 million of cash provide sufficient liquidity for at least the next twelve months while cautioning no assurance is provided beyond that.
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.
Rackspace Technology director Betsy S. Atkins received a grant of 75,471 restricted stock units (RSUs) on June 20, 2025, as part of the company's Non-Employee Director Compensation Policy. The transaction was reported in a Form 4 filing.
Key details of the RSU grant:
- Grant price: $0 (standard for RSU awards)
- Vesting schedule: Earlier of (a) next annual stockholder meeting or (b) one-year anniversary of grant date
- Vesting condition: Continued service as board member
- Post-transaction holdings: 231,045 shares held directly
The transaction was executed under Section 16b-3 exemption, with each RSU convertible into one share of common stock upon vesting. The filing was signed by Sarah Alexander via power of attorney on June 23, 2025.
Jeffrey D. Benjamin, Director at Rackspace Technology, received a grant of 94,338 restricted stock units (RSUs) on June 20, 2025, as part of the company's Non-Employee Director Compensation Policy. The transaction was reported in a Form 4 filing.
Key details of the RSU grant:
- The RSUs were granted at $0 exercise price
- Following the transaction, Benjamin owns 565,162 shares directly
- The RSUs will vest at the earlier of:
- The next annual stockholders meeting after grant date
- One-year anniversary of grant date (June 20, 2026)
Vesting is contingent on Benjamin maintaining his board position through the vesting date. The transaction was exempt under Section 16b-3, and the filing was signed by Sarah Alexander via power of attorney.
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.