Form 4: Rapid7 CEO Corey E. Thomas Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO of Rapid7, Corey E. Thomas, reports the withholding of shares to cover tax obligations and details beneficial ownership through family holdings and a trust.
Summary
- Corey E. Thomas, CEO of Rapid7, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On August 15, 2024, 10,221 shares of common stock were withheld by Rapid7 to satisfy tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $37.83 per share.
- Following the transaction, Thomas directly owns 441,690 shares of Rapid7 common stock.
- He also indirectly owns 218,748 shares through Thomas Family Holdings LLC and 30,000 shares through the Corey E. Thomas Irrevocable Trust of 2016.
- Thomas disclaims beneficial ownership of the shares held by the LLC and the trust, except to the extent of his pecuniary interest in the LLC.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations and doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock ownership and any recent changes.
Key Dates
| Date | Description |
|---|---|
| 02/02/2021 | Date of previous grant of restricted stock units to the Reporting Person. |
| 02/15/2022 | Date of previous grant of restricted stock units to the Reporting Person. |
| 02/15/2023 | Date of previous grant of restricted stock units to the Reporting Person. |
| 02/15/2024 | Date of previous grant of restricted stock units to the Reporting Person. |
| 08/15/2024 | Date of transaction: shares withheld for tax obligations. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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