Form 4: Rackspace Technology CEO Sells Shares
Insider Transaction (Form 4)
Gajakarnan Vibushanan Kandiah, Chief Executive Officer and a Director of Rackspace Technology, Inc., sold 8,258 shares of common stock on September 2, 2026 for $2.95 per share.
Summary
- Open-market sale: disposed of 8,258 Common Stock at $2.95 ($24,361) on September 2, 2026; holds 4,183,683 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $24,361 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Gajakarnan Vibushanan Kandiah — Director, Officer (Chief Executive Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-02 | Open-market sale | Common Stock | 8,258 | $3 | $24.4K | 4,183,683 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-02 | Open-market sale (8,258 shares) |
Keywords
insider transaction, Form 4, RXT, Rackspace Technology, Inc., bearish, Gajakarnan Vibushanan Kandiah
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