Rackspace Technology, Inc. SEC Filings

Rackspace Technology director Scott Anthony received a grant of 37,950 restricted stock units (RSUs) of Common Stock as director compensation. The RSUs were granted at no cash cost per share and are exempt under Section 16b-3. Each RSU converts into one Rackspace share upon vesting. The RSUs will vest on the earlier of the next annual stockholders’ meeting or one year from the grant date, if he remains on the board. After this award, Anthony directly holds 228,995 shares, showing this is an additional equity-based compensation grant rather than an open-market purchase.

Rackspace Technology, Inc. director Mitchell Alan Garber received an equity grant in the form of restricted stock units. He was awarded 37,950 RSUs of common stock at no cash cost, increasing his direct holdings to 411,810 shares. Each RSU converts into one share upon vesting. The RSUs vest on the earlier of the next annual stockholder meeting or one year from the grant date, as long as he continues serving on the board.

Rackspace Technology, Inc. director Benjamin D. Jeffrey received a grant of 71,156 restricted stock units as equity compensation. These RSUs convert into an equal number of common shares upon vesting. The units vest on the earlier of the next annual stockholder meeting or one year after the grant date, as long as he remains on the board. Following this award, he directly holds 636,318 shares of Rackspace common stock.

Rackspace Technology, Inc. reported the voting results from its June 18, 2026 annual stockholder meeting. Of 249,222,499 common shares outstanding as of the record date, 204,090,027 shares, or 81.89%, were represented in person or by proxy, establishing a quorum.

Stockholders elected Class III directors Gajen Kandiah and Michael Weston, each receiving over 146.8 million votes in favor. They also ratified KPMG LLP as independent auditor for the year ending December 31, 2026, with approximately 203.0 million votes for and relatively few votes against or abstentions.

On an advisory basis, stockholders approved the compensation of the named executive officers, with about 145.8 million votes for and 2.2 million against. Stockholders also approved an amendment to the 2020 Equity Incentive Plan to increase the number of shares authorized under the plan, with approximately 136.5 million votes for and 11.5 million against.

Rackspace Technology filed an 8-K describing a new definitive GPU-as-a-Service agreement with AMD for a phased deployment of an initial 30 MW of AMD AI compute across Rackspace’s global data centers. The rollout is expected to start in late 2026 and continue through 2028.

Rackspace plans to dedicate 30 MW of data center capacity exclusively to AMD Instinct GPUs and EPYC CPUs, subject to financing, operational and legal conditions. Each deployment requires separate commercial agreements, and AMD has no obligation to approve any particular deployment. For deployments within the framework, AMD may purchase residual unsold capacity and holds a right of first refusal on certain lower-priced GPU capacity sales to third parties.

Rackspace Technology, Inc. approved a major workforce realignment aimed at accelerating its shift toward governed enterprise AI and away from certain legacy public cloud services and select geographies. The plan is expected to eliminate approximately 15% of the company’s global workforce, with most affected employees notified on or around June 10, 2026 and additional exits over the following six months.

The company estimates one-time charges of $14 million to $19 million in 2026, mainly for severance, healthcare and other termination costs. Upon full implementation, Rackspace expects $75 million to $85 million in annualized run-rate savings versus current expense levels and plans to reinvest a significant portion of these savings into higher-growth areas such as forward-deployed engineering, AI solutions delivery and enterprise AI infrastructure. The company notes that actual costs and savings may differ and there is no assurance the expected savings will be realized.

Rackspace Technology, Inc. Chief Human Resources Officer Kellie Teal-Guess reported both an equity award and a related share sale. She received 443,548 shares of common stock as a grant of restricted stock units that vest in quarterly installments over three years, each RSU settling into one share of common stock. To cover tax withholding obligations from vesting of previously granted RSUs, she sold 33,966 shares of common stock at a weighted average price of $5.56 per share in a sell-to-cover transaction executed under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, she directly holds 1,318,734 shares of Rackspace common stock.

Rackspace Technology, Inc. Chief Executive Officer Kandiah Gajakarnan Vibushanan reported routine equity compensation activity. On April 3, 2026, he received a grant of 200,000 restricted stock units (RSUs), which vest in quarterly installments over three years, generally conditioned on continued employment. Each RSU represents one share of common stock at settlement.

On June 4, 2026, 8,059 shares of common stock were withheld by the company at $5.92 per share to satisfy tax liabilities arising from RSU vesting, a disposition classified as tax-withholding rather than an open-market sale. Following these transactions, he directly owned 4,191,941 shares of Rackspace common stock.

Rackspace Technology chief financial officer Mark A. Marino reported routine equity compensation activity and related tax sales. He received a grant of 806,451 restricted stock units that vest quarterly over three years, each settling into one share of common stock. To cover tax withholding from RSU vesting, he sold 48,099 shares of common stock in an open-market transaction at a weighted average price of $5.56 per share under a pre-arranged Rule 10b5-1 sell-to-cover trading plan. After these transactions, he directly holds 2,917,226 shares of Rackspace common stock.