TEAL-GUESS KELLIE 4
4 · Rackspace Technology, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Rackspace (RXT) CHRO Kellie Teal-Guess Sells 21,266 Shares
What Happened
Kellie Teal-Guess, Chief Human Resources Officer of Rackspace Technology (RXT), disposed of 21,266 shares on 2026-03-02 in an open-market sell-to-cover transaction. The shares were sold at a weighted average price of $1.81 per share, generating proceeds of approximately $38,491. This sale was to satisfy tax withholding on vested restricted stock units and is a routine disposition rather than a directional bet on the stock.
Key Details
- Transaction date: 2026-03-02 (filed same day). No late filing indicated.
- Transaction type: Sale (S) — sell-to-cover to satisfy tax withholding on RSU vesting.
- Shares sold: 21,266; weighted average price: $1.81; total proceeds ≈ $38,491.
- Price range: executed in multiple trades at $1.75–$1.89 (weighted avg reported).
- Plan/authority: Executed pursuant to a Rule 10b5-1 durable sell-to-cover trading instruction adopted 9/12/2023.
- Shares owned after transaction: Not reported in this Form 4.
- Footnote: Reporting person will provide full trade-by-trade share and price details upon request.
Context
Sell-to-cover transactions tied to RSU vesting are common and typically done solely to meet tax obligations; they do not necessarily signal negative insider views. The use of a 10b5-1 plan indicates the sales were prearranged under an established trading program.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-02$1.81/sh−21,266$38,491→ 1,022,384 total
Footnotes (3)
- [F1]Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
- [F2]This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 12, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.
- [F3]This transaction was executed in multiple trades at prices ranging from $1.75 to $1.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.