Form 4: Rackspace Technology Executive Srini Koushik Reports Stock Transaction
SEC Form 4 Filing
Chief Technology Officer of Rackspace Technology, Srini Koushik, reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On September 1, 2024, Srinivas Koushik, Chief Technology Officer of Rackspace Technology, Inc., reported a transaction involving common stock.
- A total of 23,187 shares were disposed of to cover withholding tax liability related to the vesting of restricted stock units.
- The price per share was $2.3.
- Following the transaction, Koushik directly owns 1,045,749 shares of Rackspace Technology, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock transaction |
| 09/05/2024 | Date of signature on the Form 4 filing |
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