Galligan Kevin G. 4

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.