Form 4: Rapid7 CAO Reports Equity Transactions

Rapid7 Chief Accounting Officer Scott M. Murphy reported the acquisition of restricted stock units and a subsequent sale of common stock.

Summary

• Scott M. Murphy, Chief Accounting Officer of Rapid7, Inc., acquired 20,000 restricted stock units (RSUs) on February 17, 2026.
• The RSU grant vests in twelve quarterly installments beginning May 15, 2026.
• On April 22, 2026, the reporting person sold 827 shares of common stock at a price of $6.35 per share.
• The reporting person's total beneficial ownership following these transactions is 40,201 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding routine executive compensation and minor stock liquidation.

Positives

• The acquisition of 20,000 RSUs aligns the executive's long-term interests with those of shareholders through a multi-year vesting schedule.

Negatives

• The filing notes that the initial transaction was reported late due to an inadvertent administrative error.

Risks

• Continued service requirement for the vesting of the 20,000 restricted stock units.

Future Outlook

The RSU grant is subject to a twelve-quarter vesting schedule, indicating a long-term retention incentive for the Chief Accounting Officer.

Management Comments

• The transaction was reported late due to an inadvertent administrative error.

Industry Context

StockSavvy.ai notes that executive equity transactions are standard corporate governance disclosures, though the late filing of the initial grant is a minor administrative oversight that does not reflect on the company's operational health.

Comparison to Industry Standards

• The use of multi-year quarterly vesting for executive compensation is consistent with standard industry practices for technology companies to ensure leadership retention.

Stakeholder Impact

• Minimal impact on shareholders as the transactions represent standard executive compensation and minor personal portfolio management.

Next Steps

• Vesting of the first installment of the RSU grant on May 15, 2026.

Key Dates

Keywords

Rapid7, RPD, Form 4, Insider Trading, Equity Incentive Plan, Chief Accounting Officer