TEAL-GUESS KELLIE 4

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.