Galligan Kevin G. 4
4 · Rapid7, Inc. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Rapid7 (RPD) Director Kevin G. Galligan Receives RSU Award
What Happened
Kevin G. Galligan, a director of Rapid7, was granted 15,208 restricted stock units (RSUs) on 2026-06-09. The grant was reported as an award/ acquisition at $0.00 per unit (total reported value $0). Each RSU represents a contingent right to one share of Rapid7 common stock upon vesting.
Key Details
- Transaction date: 2026-06-09 (Form 4 filed 2026-06-10).
- Grant: 15,208 RSUs; reported acquisition price $0.00 (award).
- Vesting: RSUs vest in full on the earlier of (i) the issuer's next annual meeting after the grant date or (ii) the first anniversary of the grant date, subject to continued service.
- Assignment: Galligan assigned all rights to any shares issuable on vesting to JANA Partners Management, LP; settlement on vesting will be made to JANA.
- Shares owned after transaction: not specified in the filing.
- Timeliness: Filing appears timely (filed the day after the grant).
Context
These are restricted stock units (a derivative award), not an open-market purchase or sale. RSU grants are common compensation for directors and do not by themselves indicate a buy or sell signal; in this case the beneficial interest in any shares on vesting has been assigned to an institutional manager (JANA), so the economic benefit on vesting will go to that entity.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1][F2][F3]2026-06-09+15,208→ 0 total(indirect: See footnote)
Footnotes (3)
- [F1]This security represents restricted stock units granted under the Issuer's 2015 Equity Incentive Plan, as amended, as a grant to the Reporting Person, in connection with his service on the Issuer's Board of Directors. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- [F2]This restricted stock unit grant vests in full on the earlier of: (i) the date of the Issuer's next annual meeting of stockholders held after the date of the grant or (ii) the first anniversary of the date of grant, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
- [F3]The Reporting Person has assigned all rights to any shares issuable pursuant to the grant to JANA Partners Management, LP ("JANA"). Pursuant to the assignment, settlement of the award on vesting will be made to JANA.