TEAL-GUESS KELLIE 4

What Happened

• Kellie Teal-Guess, Chief Human Resources Officer of Rackspace Technology (RXT), was granted 443,548 restricted stock units (RSUs) on 2026-04-03 (award valued at $0 at grant). On 2026-06-04 she disposed of 33,966 shares at a weighted average price of $5.56, totaling approximately $188,851. The sale was a disposal (not a purchase).

Key Details

• Grant: 443,548 RSUs granted 2026-04-03; RSUs vest quarterly over three years (each RSU equals the right to one share) (F1).
• Sale: 33,966 shares sold 2026-06-04 at a weighted average price of $5.56 — proceeds ≈ $188,851 (F4).
• Purpose: The sale was a “sell-to-cover” to satisfy tax withholding from RSU vesting (F2) and was executed under a Rule 10b5-1 durable sell-to-cover plan adopted 9/12/2023 (F3).
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: The RSU grant dated 2026-04-03 was reported in a Form 4 filed 2026-06-04 (more than two business days after the grant), while the sale on 2026-06-04 was reported same day.

Context

• These were RSUs (award of future shares) rather than open-market purchases; the sale appears to be a routine, automatic tax-withholding transaction tied to vesting and a pre-existing 10b5-1 plan, not an opportunistic buy/sell signaling a change in insider sentiment. The filing notes multiple trades produced the weighted average price and offers to provide full trade-level details on request (F4).