Form 4: Rapid7 CFO Adams Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Rapid7's Chief Financial Officer, Timothy M. Adams, disposed of shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On May 15, 2025, Timothy M. Adams, the Chief Financial Officer of Rapid7, Inc., disposed of 8,403 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $23.55 per share.
- Following the transaction, Adams directly owns 205,313 shares of Rapid7 common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. This transaction appears to be a routine sale to cover tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 3, 2022 | Date of a previous grant of restricted stock units to the Reporting Person. |
| February 15, 2023 | Date of a previous grant of restricted stock units to the Reporting Person. |
| February 15, 2024 | Date of a previous grant of restricted stock units to the Reporting Person. |
| February 14, 2025 | Date of a previous grant of restricted stock units to the Reporting Person. |
| 05/15/2025 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Rapid7, Timothy M. Adams, CFO, Stock Sale, Tax Obligations, Restricted Stock Units, RPD
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