TEAL-GUESS KELLIE 4

What Happened

• Kellie Teal-Guess, Chief Human Resources Officer of Rackspace Technology (RXT), disposed of 113,232 shares on 2026-05-18 at a weighted average price of $5.12 per share, for total proceeds of $579,748. This was a sale (routine sell-to-cover) to satisfy tax withholding related to vested restricted stock units, not an open discretionary sell for investment purposes.

Key Details

• Transaction date: 2026-05-18; weighted average sale price reported: $5.12; total proceeds: $579,748.
• Shares owned after transaction: Not disclosed in the information provided in this summary; see the Form 4 for post-transaction holdings.
• Footnotes of note:
  • F1: Sale was a "sell-to-cover" to satisfy tax withholding on vested RSUs.
  • F2: Transaction executed pursuant to a Rule 10b5-1 durable sell-to-cover plan adopted by the reporting person on Sept 12, 2023.
  • F3: Transaction executed in multiple trades; reported price is a weighted average; full trade details available on request.
• Filing date: 2026-05-18. No late-filing flag indicated in the provided details.

Context

• Sell-to-cover transactions are commonly used to pay taxes when restricted stock units vest and typically reflect tax-related liquidity needs rather than a signal about the insider’s view of the company's prospects. The existence of a 10b5-1 plan indicates the sales were pre-planned and automated.