Rackspace (RXT) CEO Kandiah Gajakarnan Vibushanan Sells 8,258 Shares

What Happened

• Kandiah Gajakarnan Vibushanan, CEO of Rackspace Technology (RXT), disposed of 8,258 shares on 2026-09-02 in an open-market sell-to-cover transaction. The weighted average sale price was $2.95 per share, producing gross proceeds of $24,361. This was a sale (not a purchase).

Key Details

• Transaction date: 2026-09-02
• Shares sold: 8,258
• Price: weighted average $2.95; executions ranged $2.88–$3.01
• Proceeds: $24,361
• Shares owned after transaction: not reported in this filing
• Footnotes: sale was a “sell-to-cover” to satisfy tax withholding on vested RSUs (F1); executed under a Rule 10b5-1 durable sell-to-cover plan adopted March 17, 2026 (F2); multiple trades; full execution details available on request (F3)
• Filing timeliness: reported same day (no late filing indicated)

Context

• “Sell-to-cover” sales are commonly used to pay taxes on vested restricted stock units and are generally considered routine rather than a directional bet on the company. A 10b5-1 plan specifies automatic sales and helps avoid questions about trading timing. This filing documents that tax-related sale; it does not necessarily reflect the CEO’s broader view of Rackspace stock.