Form 4: Rapid7 Chief Accounting Officer Reports Routine Stock Withholding for Tax Obligations

Rapid7's Chief Accounting Officer, Scott M. Murphy, reported a routine disposition of 343 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Scott M. Murphy, Chief Accounting Officer of Rapid7, Inc. (RPD), reported a transaction on July 15, 2025.
• The transaction involved the disposition of 343 shares of Rapid7 common stock.
• The shares were disposed of at a price of $22.53 per share.
• This disposition was a mandatory withholding by the Issuer (Rapid7, Inc.) to satisfy Mr. Murphy's tax withholding obligation.
• The tax obligation arose from the vesting of restricted stock units (RSUs) that were granted to Mr. Murphy on March 4, 2024.
• Following this reported transaction, Mr. Murphy beneficially owns 34,993 shares of Rapid7 common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to equity compensation, which is a standard practice and does not indicate positive or negative sentiment about the company's prospects.

Positives

• The transaction represents a standard and routine process for managing equity compensation, indicating proper compliance with tax obligations upon RSU vesting.

Negatives

• The disposition of shares is a non-discretionary event for tax purposes and does not reflect a negative outlook or selling intent by the insider.

Future Outlook

This SEC Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction disclosure specific to Rapid7, Inc. and its Chief Accounting Officer. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of restricted stock units is a standard and common method of managing equity compensation across publicly traded companies, particularly within the technology and cybersecurity sectors where RSU grants are prevalent.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not represent a significant change in insider ownership or a discretionary sale.
• Employees: Reflects standard equity compensation practices, which can be a positive for employee retention and alignment of interests.

Key Dates

Keywords

Rapid7, RPD, SEC Form 4, insider transaction, stock withholding, restricted stock units, equity compensation, Chief Accounting Officer