4//SEC Filing
Thomas Corey E. 4
Accession 0001560327-25-000014
CIK 0001560327other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 7:51 PM ET
Size
14.4 KB
Accession
0001560327-25-000014
Insider Transaction Report
Form 4
Rapid7, Inc.RPD
Thomas Corey E.
DirectorCEO
Transactions
- Award
COMMON STOCK
2025-02-14+129,333→ 560,802 total - Award
COMMON STOCK
2025-02-14+9,216→ 570,018 total - Tax Payment
COMMON STOCK
2025-02-14$35.55/sh−4,455$158,375→ 565,563 total - Award
COMMON STOCK
2025-02-15+75,545→ 641,108 total - Tax Payment
COMMON STOCK
2025-02-15$35.55/sh−22,396$796,178→ 618,712 total
Holdings
- 218,748(indirect: By LLC)
COMMON STOCK
- 30,000(indirect: By Trust)
COMMON STOCK
Footnotes (7)
- [F1]This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. This restricted stock unit grant vests in twelve quarterly installments, with the first installment vesting on May 15, 2025, subject to the Reporting Person's continued service with the Issuer.
- [F2]Reporting Person elected to receive annual bonus payment under the Issuer's Executive Incentive Bonus Plan in the form of fully-vested restricted stock units, as authorized by the Issuer's compensation committee.
- [F3]Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units previously granted to the Reporting Person on February 14, 2025.
- [F4]Represents the number of units earned under a performance-based restricted stock unit award ("PSUs") based on the Issuer's satisfaction of certain performance criteria of the award. In light of the performance-based conditions of the award, the award was not reportable under Section 16 until performance conditions were certified by the Compensation Committee as achieved (which occurred on February 15, 2025). The earned PSUs will vest in equal installments on each of February 15, 2025, February 15, 2026 and February 15, 2027, subject to the Reporting Person's continued service with the Issuer. Each PSU represents a contingent right to receive one share of common stock of the Issuer.
- [F5]Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units and PSUs granted to the Reporting Person on February 2, 2021, February 15, 2022, February 15, 2023, February 15, 2024 and February 15, 2025.
- [F6]Represents shares held by the Thomas Family Holdings LLC ("LLC"). The Reporting Person is the manager of LLC and has the power to vote and dispose of the shares held by LLC. The Reporting Person disclaims beneficial ownership of the shares owned by LLC except to the extent of his pecuniary interest therein.
- [F7]Represents shares held by the Corey E. Thomas Irrevocable Trust of 2016, which is administrated by an independent trustee, and is for the benefit of the Reporting Person's immediate and other family members. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
Rapid7, Inc.
CIK 0001560327
Entity typeother
Related Parties
1- filerCIK 0001647486
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 7:51 PM ET
- Size
- 14.4 KB