SINHA DHARMENDRA KUMAR 4
4 · Rackspace Technology, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Rackspace (RXT) EVP Dharmendra K. Sinha Sells 188,123 Shares
What Happened Dharmendra Kumar Sinha, EVP and President, Public Cloud at Rackspace Technology (RXT), sold 188,123 shares on 2026-03-18 at a weighted average price of $1.81 per share, generating proceeds of approximately $340,503. This was a sale (S) reported on Form 4 and reflects shares disposed to satisfy tax withholding obligations related to vested restricted stock units.
Key Details
- Transaction date: 2026-03-18 (filed same day).
- Shares sold: 188,123; weighted average sale price: $1.81; total proceeds: ~$340,503.
- Shares owned after the transaction: not provided in the supplied filing excerpt.
- Footnotes: F1 indicates the sale was a "sell-to-cover" to satisfy tax withholding on RSU vesting; F2 notes the sale was executed under a Rule 10b5-1 durable sell-to-cover plan adopted 9/14/2023; F3 notes the sale occurred in multiple trades and the reported price is a weighted average.
- Timeliness: Filing date equals transaction date (no late filing indicated).
Context A "sell-to-cover" is a routine transaction where shares are automatically sold to cover tax withholding when restricted stock units vest. Because this sale was executed under a pre-established 10b5-1 plan and done solely for tax purposes, it should not be read as a direct signal of the insider's view on Rackspace shares.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-18$1.81/sh−188,123$340,503→ 2,276,057 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 14, 2023. The trading plan provides for the automatic disposition 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. 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.