SCHEDULE: Apollo Entities Maintain Majority Stake in Rackspace

Apollo Management Holdings GP, LLC and its affiliates report continued beneficial ownership of 54.1% of Rackspace Technology, Inc. common stock.

Summary

• Apollo Management Holdings GP, LLC, along with its affiliated entities, collectively beneficially own 129,609,000 shares of Rackspace Technology, Inc. common stock.
• This aggregate ownership represents 54.1% of the total outstanding common stock of Rackspace Technology, Inc.
• The percentage is calculated based on 239,360,677 shares of common stock outstanding as of August 5, 2025, as disclosed in Rackspace's Form 10-Q filed on August 11, 2025.
• All reporting persons, including Apollo Management Holdings GP, LLC, AP Inception Co-Invest ML Borrower, L.P., and AP Inception ML Borrower, L.P., hold shared voting and shared dispositive power over their respective reported shares.
• No reporting person holds sole voting or sole dispositive power over any shares.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is primarily informational, reporting beneficial ownership. It does not inherently convey positive or negative sentiment about the company's operational performance or financial health, but rather the ownership structure.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance.

Industry Context

This filing indicates a significant, controlling stake by Apollo, a major private equity firm, in Rackspace Technology, a company operating in the cloud computing and managed services industry. Such a large ownership percentage by a private equity firm suggests a continued strategic interest and potential influence over the company's direction, which is common in industries undergoing transformation or consolidation.

Stakeholder Impact

• Shareholders: The significant ownership by Apollo entities indicates a controlling interest, which can influence strategic decisions, capital allocation, and potential future transactions (e.g., privatization, asset sales).
• Management: Apollo's substantial stake likely gives them significant influence over management appointments and corporate strategy.

Key Dates

Keywords

Rackspace Technology, Apollo Management, Beneficial Ownership, SEC Filing, Common Stock, Institutional Investor, Private Equity, Cloud Computing, Managed Services