Form 4: Rapid7 CEO Thomas Reports Routine Stock Transactions
Insider Transaction Report
Rapid7 CEO Corey E. Thomas reported the withholding of shares for tax obligations and acquisition of shares through an employee stock purchase plan.
Summary
- Corey E. Thomas, CEO and Director of Rapid7, Inc. (RPD), reported changes in beneficial ownership.
- 12,969 shares of common stock were withheld by the Issuer on November 15, 2025, at a price of $14.03 per share, to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The restricted stock units were previously granted on February 2, 2021, February 15, 2022, February 15, 2023, February 15, 2024, and February 14, 2025.
- An additional 198 shares were acquired under the Rapid7, Inc. 2015 Employee Stock Purchase Plan on September 15, 2025.
- Following these transactions, Mr. Thomas directly beneficially owns 580,566 shares.
- He also indirectly beneficially owns 218,748 shares through Thomas Family Holdings LLC and 30,000 shares through the Corey E. Thomas Irrevocable Trust of 2016.
Sentiment
Score: 5
Explanation: Neutral. The filing reports routine insider transactions (tax withholding upon RSU vesting and ESPP acquisition) which are common and generally not indicative of significant positive or negative sentiment regarding the company's prospects.
Positives
- Acquisition of 198 shares under the Employee Stock Purchase Plan on September 15, 2025, indicates continued participation in company equity programs.
Negatives
- The disposition of 12,969 shares was due to tax withholding, not a discretionary sale, which is a routine event for RSU vesting.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The reporting person disclaims beneficial ownership of shares held by Thomas Family Holdings LLC and the Corey E. Thomas Irrevocable Trust of 2016, except to the extent of his pecuniary interest in the LLC shares, as these are entities related to the reporting person.
Stakeholder Impact
- Shareholders: Provides transparency into insider ownership changes, which are routine and expected for equity compensation. No direct material impact on company operations or strategy is indicated.
Key Dates
| Date | Description |
|---|---|
| 2021-02-02 | Grant date for restricted stock units. |
| 2022-02-15 | Grant date for restricted stock units. |
| 2023-02-15 | Grant date for restricted stock units. |
| 2024-02-15 | Grant date for restricted stock units. |
| 2025-02-14 | Grant date for restricted stock units. |
| 2025-09-15 | Acquisition of 198 shares under the Rapid7, Inc. 2015 Employee Stock Purchase Plan. |
| 2025-11-15 | Transaction date for shares withheld for tax obligations upon RSU vesting. |
| 2025-11-17 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Rapid7, RPD, Corey E. Thomas, Insider Transaction, Form 4, Stock Ownership, Restricted Stock Units, Employee Stock Purchase Plan, CEO, Director
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