Kandiah Gajakarnan Vibushanan 4
4 · Rackspace Technology, Inc. · Filed Sep 8, 2025
Insider Transaction Report
Form 4
Kandiah Gajakarnan Vibushanan
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2025-09-04+4,000,000→ 4,000,000 total - Award
Stock Option (right to buy)
2025-09-04+6,000,000→ 6,000,000 totalExercise: $1.30Exp: 2035-09-03→ Common Stock (6,000,000 underlying)
Footnotes (3)
- [F1]In accordance with Nasdaq Listing Rule 5635(c)(4), the RSUs and stock options were an inducement material to Mr. Kandiah's entering into employment with the Company. The awards were approved by a majority of the independent members of the Company's board of directors outside of the Company's shareholder-approved equity incentive plan.
- [F2]Grant of restricted stock units ("RSUs") in a transaction exempt under Section 16b-3. The RSUs vest in equal annual installments (25%) on each of September 3, 2026, 2027, 2028 and 2029, generally subject to Mr. Kandiah's continued employment through the respective vesting dates. Each RSU represents the right to receive, at settlement, one share of common stock.
- [F3]The stock options vest in equal annual installments (25%) on each of September 3, 2026, 2027, 2028 and 2029, generally subject to Mr. Kandiah's continued employment through the respective vesting dates.