Marino Mark A. 4

What Happened Mark A. Marino, Chief Financial Officer of Rackspace Technology, sold 14,058 shares of Rackspace common stock on March 18, 2026. The transaction was an open-market/privately executed sale (weighted average price $1.81) generating proceeds of approximately $25,445. This was a sell-to-cover transaction to satisfy tax withholding related to vested restricted stock units, not an outright investment decision.

Key Details

• Transaction date: March 18, 2026 (Form 4 filed same day — no late filing indicated).
• Transaction type/code: Sale (S) — sell-to-cover for tax withholding.
• Shares sold and price: 14,058 shares at a weighted average price of $1.81; total proceeds ~$25,445. (Executed in multiple trades; detailed per-trade info available on request per the filing.)
• Footnotes: F1 = sale was to cover tax withholding on vested RSUs; F2 = executed under a Rule 10b5-1 sell-to-cover plan adopted Sept 12, 2023; F3 = multiple trades, weighted average price reported.
• Shares owned after transaction: Not disclosed in this Form 4.

Context Sell-to-cover transactions are routine tax-withholding actions when restricted stock units vest and are generally not interpreted as a direct signal of confidence or lack thereof. The use of a pre-established Rule 10b5-1 plan means the disposition was automated according to a plan adopted prior to the sale. Retail investors should treat this as administrative selling rather than an opportunistic trade by the CFO.