Form 4: Rackspace Technology President Sells Shares
Insider Transaction (Form 4)
Dharmendra Kumar Sinha, EVP, President, Public Cloud of Rackspace Technology, Inc., sold 107,002 shares of common stock on September 2, 2026 for $2.95 per share.
Summary
- Open-market sale: disposed of 107,002 Common Stock at $2.95 ($315,656) on September 2, 2026; holds 3,263,429 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $315,656 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Dharmendra Kumar Sinha — Officer (EVP, President, Public Cloud)
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 | 107,002 | $3 | $315.7K | 3,263,429 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-02 | Open-market sale (107,002 shares) |
Keywords
insider transaction, Form 4, RXT, Rackspace Technology, Inc., bearish, Dharmendra Kumar Sinha
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