Form 4: Rapid7 COO Andrew F. Burton Sells Shares
SEC Form 4 Filing
Andrew F. Burton, Chief Operating Officer of Rapid7, Inc., sold shares of common stock on March 13, 2024.
Summary
- On March 13, 2024, Andrew F. Burton, the Chief Operating Officer of Rapid7, Inc., sold 31,627 shares of common stock at a weighted average price of $53.07.
- He also sold 100 shares at $53.76.
- Following these transactions, Burton directly owns 257,494 shares of Rapid7 common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sales by an executive.
Industry Context
This is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock sale transactions |
| 03/15/2024 | Date of signature on the Form 4 filing |
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