Rackspace Technology Director Scott Anthony Sells 40,000 Shares at $1.43 on 2025-09-08.

Rackspace Technology, Inc. recently announced that Director Scott Anthony has disposed of 40,000 shares at a price of $1.43 per share on September 8, 2025.

Rackspace Technology, Inc. recently announced that Director Scott Anthony disposed of 40,000 shares of the company's common stock at a price of $1.43 per share on September 8, 2025 [1]. This transaction was made in accordance with the company's insider trading policy, which requires directors to report their trades to the Securities and Exchange Commission (SEC).

The disposal of shares by Anthony follows a period of significant financial activity for Rackspace Technology, Inc. In September 2025, the company filed a registration statement with the SEC to register 4,000,000 shares of its common stock, which may be issued upon the vesting and settlement of restricted stock unit awards to be granted to Gajen Kandiah [1]. Additionally, the company registered 6,000,000 shares of common stock, which may be issued upon the exercise of stock options to be granted to Mr. Kandiah [1].

These registrations are part of Rackspace Technology, Inc.'s ongoing efforts to align executive compensation with long-term shareholder value. The company's employment inducement awards are granted in reliance on the employment inducement exemption provided under the Nasdaq Listing Rule 5635(c)(4) [1].

The disposal of shares by Director Anthony does not appear to have any immediate impact on the company's financial performance or stock price. However, it is a reminder to investors and financial professionals to stay informed about insider trading activities and their potential implications for a company's stock price.

References:
[1] https://www.stocktitan.net/sec-filings/RXT/s-8-rackspace-technology-inc-employee-benefit-plan-registration-61ab4cbab4af.html