Form 4: Rapid7 Director Mike Burns Reports Acquisition of Restricted Stock Units

Director Mike Burns reports acquiring 14,859 restricted stock units in Rapid7, Inc.

Summary

• On April 15, 2025, Mike Burns, a director of Rapid7, Inc., acquired 14,859 restricted stock units (RSUs) at a price of $0.
• Following the transaction, Burns beneficially owns 17,859 shares of common stock.
• The RSUs were granted under Rapid7's 2015 Equity Incentive Plan as a one-time initial grant in connection with his appointment to the Board of Directors.
• The RSUs vest in three substantially equal annual installments beginning on April 15, 2026, subject to continued service with the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns director interests with shareholders. There are no immediate negative implications.

Positives

• The grant of RSUs to a director aligns his interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Risks

• The value of the RSUs is dependent on the future performance of Rapid7's stock.
• If the director ceases to provide service to the company before the vesting dates, the unvested RSUs will be forfeited.

Future Outlook

The director's holdings will increase as the restricted stock units vest over the next three years, assuming continued service.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the technology industry, aligning management's interests with shareholder value creation.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• Employees may view the RSU grant as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Rapid7, Director, Mike Burns, Restricted Stock Units, RSU, Equity Incentive Plan, Beneficial Ownership, Form 4