Thomas Corey E. 4
4 · Rapid7, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Rapid7 (RPD) CEO Corey Thomas Withholds 5,357 Shares for Taxes
What Happened Corey E. Thomas, CEO and Director of Rapid7, had 5,357 shares withheld by the company on May 15, 2026 to satisfy tax withholding obligations tied to the vesting of previously granted restricted stock units. The withholding was at $6.50 per share, totaling $34,821. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-05-15; Price withheld: $6.50 per share; Shares: 5,357; Value: $34,821.
- Transaction type: F — shares withheld to satisfy tax withholding on vested RSUs (cashless/tax withholding event).
- Shares owned after transaction: not specified in the provided summary.
- Filing date: Form 4 filed 2026-05-18 (as reported).
- Relevant footnotes:
- F1: Shares were withheld to meet tax withholding on RSUs granted Feb 15, 2024 and Feb 14, 2025.
- F2: Filing notes 1,273 shares acquired under the 2015 Employee Stock Purchase Plan on Mar 13, 2026.
- F3/F4: Some shares are held by entities (Thomas Family Holdings LLC and an irrevocable trust) for which Thomas disclaims beneficial ownership except to the extent of pecuniary interest.
Context This was an administrative disposition to cover taxes on vested restricted stock units (a routine corporate payroll/tax action), not a market sale that necessarily signals the insider's view on Rapid7's stock. For retail investors, purchases are generally more informative than routine withholdings; this report documents compensation-related withholding rather than discretionary selling.
Insider Transaction Report
- Tax Payment
COMMON STOCK
[F1][F2]2026-05-15$6.50/sh−5,357$34,821→ 651,000 total
- 218,748(indirect: By LLC)
COMMON STOCK
[F3] - 30,000(indirect: By Trust)
COMMON STOCK
[F4]
Footnotes (4)
- [F1]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 15, 2024 and February 14, 2025.
- [F2]Includes 1,273 shares acquired under the Rapid7, Inc. 2015 Employee Stock Purchase Plan on March 13, 2026.
- [F3]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.
- [F4]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.