Form 4 for RXT Rackspace Technology, Inc.
Accepted 2025-09-08 00:00:00 ET · period of report 2025-09-04 · accession 0001810019-25-000132 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-09-08 | 2025-09-04 | RXT | Kandiah Gajakarnan Vibushanan | CEO, Dir | A - Grant | $0.00 | +4.00M | 4.00M | New | $0 |
| D | 2025-09-08 | 2025-09-04 | RXT | Kandiah Gajakarnan Vibushanan | CEO, Dir | A - Grant | $0.00 | +6.00M | 6.00M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-09-04 | A | A | 4,000,000 | $0.00 | 4,000,000 | D | — | — | (F1) In accordance with Nasdaq Listing Rule 5635(c)(4), the RSUs and stock options were an inducement material to Mr. Kandiah's entering into employment with the Company. The awards were approved by a majority of the independent members of the Company's board of directors outside of the Company's shareholder-approved equity incentive plan. (F2) Grant of restricted stock units ("RSUs") in a transaction exempt under Section 16b-3. The RSUs vest in equal annual installments (25%) on each of September 3, 2026, 2027, 2028 and 2029, generally subject to Mr. Kandiah's continued employment through the respective vesting dates. Each RSU represents the right to receive, at settlement, one share of common stock. |
| 2 | Derivative | Stock Option (right to buy) | 2025-09-04 | A | A | 6,000,000 | $0.00 | 6,000,000 | D | $1.30 · — to 2035-09-03 | 6,000,000 Common Stock | (F1) In accordance with Nasdaq Listing Rule 5635(c)(4), the RSUs and stock options were an inducement material to Mr. Kandiah's entering into employment with the Company. The awards were approved by a majority of the independent members of the Company's board of directors outside of the Company's shareholder-approved equity incentive plan. (F3) The stock options vest in equal annual installments (25%) on each of September 3, 2026, 2027, 2028 and 2029, generally subject to Mr. Kandiah's continued employment through the respective vesting dates. |