Form 4: Rapid7 Director Reeny Sondhi Receives Equity Grant
Statement of Changes in Beneficial Ownership
Director Reeny Sondhi was granted 15,208 restricted stock units in Rapid7, Inc. as part of standard compensation.
Summary
- Director Reeny Sondhi acquired 15,208 restricted stock units (RSUs) of Rapid7, Inc. common stock.
- The transaction occurred on June 9, 2026.
- The RSUs were granted at a price of $0 per share, representing a contingent right to receive common stock.
- Following this transaction, the reporting person's total beneficial ownership is 37,425 shares of common stock.
- The RSUs vest on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized vesting schedule ensures long-term commitment to the company.
Negatives
- None identified; this is a routine equity grant for a director.
Risks
- Vesting is subject to the reporting person's continued service with the issuer.
Future Outlook
The RSUs are expected to vest in full on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date, contingent upon continued service.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the cybersecurity sector to ensure board alignment with long-term shareholder value.
Comparison to Industry Standards
- The grant of restricted stock units to directors is consistent with compensation practices at peer cybersecurity firms like CrowdStrike, Palo Alto Networks, and Tenable.
- The vesting period of one year or the next annual meeting is standard for board-level equity compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Reeny Sondhi granted Power of Attorney to Peter Kaes and Christopher Keenan for SEC filing purposes. | 2026-01-30 | Administrative change to facilitate regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders; reflects standard director compensation.
Next Steps
- Vesting of the 15,208 restricted stock units upon the next annual meeting or the first anniversary of the grant.
Key Dates
| Date | Description |
|---|---|
| 2026-01-30 | Date of Power of Attorney execution by Reeny Sondhi. |
| 2026-06-09 | Date of the RSU grant transaction. |
| 2026-06-10 | Date of filing the Form 4 with the SEC. |
Keywords
Rapid7, RPD, Director Compensation, Restricted Stock Units, Insider Transaction, Equity Grant
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