McAdam Timothy P 4
4 · Rapid7, Inc. · Filed May 28, 2019
Insider Transaction Report
Form 4
Rapid7, Inc.RPD
McAdam Timothy P
Director10% Owner
Transactions
- Sale
Common Stock
2019-05-23$52.51/sh−10,000$525,100→ 8,385 total
Holdings
- 5,299
Common Stock
Footnotes (2)
- [F1]Shares contributed by the reporting person to an exchange fund in return for shares of the exchange fund. The exchange fund closed on May 23, 2019 and the common stock was contributed on that date. The common stock was valued at $52.51 per share, the market closing price for the day prior to the closing date, for purposes of determining the number of shares of the exchange fund issued to the reporting person.
- [F2]Represents restricted stock units ("RSUs") held of record by Timothy P. McAdam, for the benefit of TCV VII Management, L.L.C. ("TCV VII Management"). Each RSU represents a contingent right to receive one share of common stock the issuer. The RSUs vest 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 Mr. McAdam's continued service with the issuer through the applicable vesting date. Mr. McAdam is a member of TCV VII Management and disclaims beneficial ownership of such RSUs and the underlying shares of the issuer's common stock except to the extent of his respective pecuniary interest therein.