Form 4: Rackspace Technology Executive Srini Koushik Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Technology Officer Srini Koushik reports a transaction involving Rackspace Technology, Inc. shares to cover withholding tax liability.
Summary
- On March 16, 2024, Rackspace Technology's Chief Technology Officer, Srini Koushik, reported a transaction involving common stock.
- 41,366 shares were disposed of to cover withholding tax liability incident to the vesting of restricted stock units.
- The transaction was exempt under Rule 16b-3.
- Following the transaction, Koushik directly owns 752,001 shares of Rackspace Technology.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This is a routine SEC filing related to insider transactions. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of transaction involving Rackspace Technology common stock. |
| 03/19/2024 | Date of signature for the report. |
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