Schodorf Thomas E 4

What Happened Thomas E. Schodorf, a director of Rapid7, was granted 15,208 restricted stock units (RSUs) on June 9, 2026. The Form 4 reports the acquisition as an award (code A) with an acquisition price of $0. These RSUs represent contingent rights to receive one share of Rapid7 common stock per unit once vested.

Key Details

• Transaction date: 2026-06-09 (Form 4 filed 2026-06-10; appears timely).
• Security and amount: 15,208 restricted stock units (RSUs); reported acquisition price $0.
• Vesting: Grant vests in full on the earlier of (i) the issuer's next annual meeting after the grant or (ii) the first anniversary of the grant, subject to continued service (see footnote).
• Footnotes: F1 explains each RSU converts to one share when vested; F2 describes the vesting schedule; F3 notes certain shares are held by a family trust (the reporting person disclaims beneficial ownership of those trust shares).
• Other: Exhibit 24 (Power of Attorney) referenced in the filing.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context RSU grants are a common form of director compensation and do not represent an open-market purchase or sale. While the grant is recorded at $0 on the Form 4 (typical for equity awards), the economic value to the holder will depend on Rapid7’s share price when the units vest and convert to shares. This filing is informational about compensation rather than a direct buy/sell signal.