TEAL-GUESS KELLIE 4
4 · Rackspace Technology, Inc. · Filed May 20, 2024
Insider Transaction Report
Form 4
TEAL-GUESS KELLIE
Chief Human Resources Officer
Transactions
- Award
Common Stock
2024-04-05+214,285→ 970,668 total - Sale
Common Stock
2024-05-16$2.13/sh−61,393$130,767→ 909,775 total
Footnotes (4)
- [F1]Grant of restricted stock units ("RSUs") vesting in quarterly installments over three years. Each RSU represents the right to receive, at settlement, one share of common stock.
- [F2]Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
- [F3]This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 12, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.
- [F4]Includes the acquisition of 500 shares of common stock on May 16, 2024 pursuant to the Issuer's Employee Stock Purchase Plan (ESPP) in a transaction exempt under Rule 16b-3(c).