SINHA DHARMENDRA KUMAR 4

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.