Rackspace (RXT) EVP executes 45,393-share tax sell-to-cover under 10b5-1 plan

Rhea-AI Filing Summary

Rackspace Technology EVP Dharmendra Kumar Sinha reported an automatic tax-related sale of common stock. He sold 45,393 shares of Rackspace common stock in an open-market transaction at a weighted average price of $1.81 per share, with individual trade prices ranging from $1.75 to $1.89.

According to the filing, the sale was a "sell to cover" transaction executed solely to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units, under a pre-established Rule 10b5-1 trading plan adopted on September 14, 2023. After this transaction, he directly holds 2,464,180 shares of Rackspace common stock.

Insider Trade Summary

Net Seller: 45,393 shares ($82,161)

Net Sell 1 txn

Insider SINHA DHARMENDRA KUMAR

Role EVP, President, Public Cloud

Sold 45,393 shs ($82K)

Type	Security	Shares	Price	Value
Sale	Common Stock	45,393	$1.81	$82K

Holdings After Transaction: Common Stock — 2,464,180 shares (Direct)

Footnotes (1)

1. Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person. This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 14, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units. This transaction was executed in multiple trades at prices ranging from $1.75 to $1.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SINHA DHARMENDRA KUMAR

(Last) (First) (Middle)

C/O RACKSPACE TECHNOLOGY, INC.

1718 DRY CREEK WAY, SUITE 115

(Street)

SAN ANTONIO TX 78259-1837

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rackspace Technology, Inc. [ RXT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, President, Public Cloud

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		S(1)(2)		45,393(1)(2)	D	$1.81(3)	2,464,180	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.

2. This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 14, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.

3. This transaction was executed in multiple trades at prices ranging from $1.75 to $1.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.

Remarks:

	/s/ Sarah Alexander, by power of attorney from Dharmendra Kumar Sinha	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Rackspace (RXT) report for Dharmendra Kumar Sinha?

Rackspace reported that EVP Dharmendra Kumar Sinha sold 45,393 shares of common stock. The shares were sold in an open-market transaction as part of a sell-to-cover arrangement tied to restricted stock unit vesting and related tax withholding obligations.

At what price were the Rackspace (RXT) shares sold by EVP Dharmendra Kumar Sinha?

The reported weighted average sale price was $1.81 per share. Individual trades occurred at prices between $1.75 and $1.89, with the executive undertaking to provide detailed trade breakdowns to regulators, the company, or shareholders upon request.

Why did Rackspace (RXT) EVP Dharmendra Kumar Sinha sell shares in this Form 4 filing?

The sale was executed solely to cover tax withholding obligations from vesting restricted stock units. A pre-arranged Rule 10b5-1 trading plan automatically sold the necessary shares to satisfy these tax liabilities when the awards vested.

How many Rackspace (RXT) shares does Dharmendra Kumar Sinha hold after the reported sale?

After the transaction, Dharmendra Kumar Sinha directly holds 2,464,180 shares of Rackspace common stock. This figure reflects his remaining ownership following the 45,393-share sell-to-cover transaction disclosed in the Form 4 filing.

Was the Rackspace (RXT) insider sale by Dharmendra Kumar Sinha part of a trading plan?

Yes. The sale was made under a Rule 10b5-1 trading plan adopted on September 14, 2023. The plan provides for automatic sales of shares needed to satisfy tax withholding obligations from restricted stock unit vesting or settlement.