Several top executives at Rackspace Technology have recently sold shares of the company’s common stock, according to SEC Form 4 filings. These transactions were executed on March 17, 2025, under Rule 10b5-1 trading plans established in September 2023.
Koushik Srini, President of Technology, sold 73,972 shares at a weighted average price of $1.87, totaling $138,327. Following this transaction, Srini directly owns 935,114 shares.
Dharmendra Kumar Sinha, EVP, President, Public Cloud, sold 176,374 shares at the same weighted average price, with the total sale amounting to $329,819. Sinha now directly owns 2,117,455 shares.
Marino Mark A., the Chief Financial Officer, sold 20,217 shares, also at a weighted average price of $1.87, totaling $37,805. Post-transaction, Marino directly owns 1,917,446 shares.
Maletira Amar, the Chief Executive Officer and Director, sold 521,840 shares at a weighted average price of $1.87, for a total of $975,840. Amar’s direct ownership now stands at 4,368,328 shares.
All transactions were part of sell-to-cover activities to satisfy tax withholding obligations related to the vesting of restricted stock units.