Marino Mark A. 4

What Happened
Mark A. Marino, Chief Financial Officer of Rackspace Technology, sold 20,183 shares of Rackspace common stock on March 2, 2026. The transaction was a sale (sell-to-cover) with a weighted average sale price of $1.81 per share, resulting in total proceeds of about $36,531. This sale was to satisfy tax withholding obligations related to vested restricted stock units, not an open-market investment decision.

Key Details

• Transaction date: 2026-03-02. Reported as an open-market/private sale (code S).
• Price: Weighted average $1.81; executed in multiple trades at prices ranging $1.75–$1.89 (reporting person can provide exact breakdown on request). (Footnote F3)
• Purpose: Sell-to-cover to satisfy tax withholding on vested RSUs (Footnote F1).
• Trading plan: Executed pursuant to a Rule 10b5-1 durable sell-to-cover plan adopted September 12, 2023 (Footnote F2).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Reported on 2026-03-02 (no late filing indicated).

Context
Sell-to-cover transactions arise when restricted stock units vest and shares are sold automatically to cover taxes; they are typically routine and do not necessarily signal the insider's view of the company's near-term prospects. The presence of a Rule 10b5-1 plan indicates the sales were preplanned and automatic.