Form 4: JANA Partners Management, LP Acquires Restricted Stock Units in Rapid7, Inc.

JANA Partners Management, LP reports acquisition of restricted stock units in Rapid7, Inc. through a grant to its partner serving on the board.

Summary

• JANA Partners Management, LP, has reported the acquisition of 15,320 restricted stock units (RSUs) of Rapid7, Inc. on April 22, 2025.
• The RSUs were granted under Rapid7's 2015 Equity Incentive Plan as a one-time initial grant to Kevin G. Galligan, a Partner of JANA Partners Management, LP, in connection with his appointment to Rapid7's Board of Directors.
• Each RSU represents a contingent right to receive one share of Rapid7 common stock.
• The RSUs vest in three substantially equal annual installments beginning on April 22, 2026, subject to Mr. Galligan's continued service with Rapid7.
• Mr. Galligan has assigned all rights to any shares issuable pursuant to the grant to JANA Partners Management, LP.
• JANA Partners Management, LP beneficially owns 5,745,234 shares of Rapid7, Inc. through various accounts under its management and control.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (grant of RSUs) associated with board service, with a hint of confidence due to the vesting schedule tied to continued service.

Positives

• The acquisition of RSUs could be seen as a positive sign, indicating confidence in Rapid7's future performance by a significant shareholder.

Future Outlook

The vesting of the RSUs is contingent upon Mr. Galligan's continued service with Rapid7, suggesting a long-term commitment.

Industry Context

This filing is a routine disclosure related to insider activity and equity compensation, common in publicly traded companies.

Key Dates

Keywords

Rapid7, JANA Partners Management, Restricted Stock Units, RSUs, Beneficial Ownership, Equity Incentive Plan, Kevin Galligan, Board of Directors