Rackspace Technology (NASDAQ:RXT) CEO Sells 8,258 Shares
MarketBeat
Rackspace Technology, Inc. (NASDAQ:RXT - Get Free Report) CEO Gajakarnan Vibushanan Kandiah sold 8,258 shares of Rackspace Technology stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $2.95, for a total value of $24,361.10. Following the sale, the chief executive officer directly owned 4,183,683 shares in the company, valued at approximately $12,341,864.85. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NASDAQ:RXT