Garber Mitchell Alan 4

What Happened
Mitchell A. Garber, a director of Rackspace Technology, Inc. (RXT), was granted 37,950 restricted stock units (RSUs) on 2026-06-18. The award is reported as an acquisition (transaction code A) at $0.00 per unit (no cash exchanged at grant). The Form 4 was filed on 2026-06-22 for the 6/18 transaction (filed within the required two business days).

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (timely).
• Transaction type/code: Award/Grant (A) of RSUs.
• Units granted: 37,950 RSUs; price reported: $0.00; reported cash value at grant: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Grant made under the issuer’s Non-Employee Director Compensation Policy; each RSU represents the right to one share upon vesting. Vesting occurs on the earlier of (a) the next annual meeting of stockholders after the grant or (b) one year after the grant, provided the director remains on the board. The grant is exempt under Section 16b-3.
• No 10b5-1 plan, tax-withholding, or cashless-sale details were reported for this grant.

Context
RSUs are a form of equity compensation that convert to shares upon vesting; they do not require an upfront cash purchase by the recipient. Grants to non-employee directors are commonly used as standard compensation and are routine; they do not necessarily indicate the director’s personal buying or selling sentiment.