Kandiah Gajakarnan Vibushanan bought RXT
September 4, 2025 · Form 4 insider transaction
Kandiah Gajakarnan Vibushanan bought 4,000,000 shares of Rackspace Technology, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
In accordance with Nasdaq Listing Rule 5635(c)(4), the RSUs and stock options were an inducement material to Mr. Kandiah's entering into employment with the Company. The awards were approved by a majority of the independent members of the Company's board of directors outside of the Company's shareholder-approved equity incentive plan.; Grant of restricted stock units ("RSUs") in a transaction exempt under Section 16b-3. The RSUs vest in equal annual installments (25%) on each of September 3, 2026, 2027, 2028 and 2029, generally subject to Mr. Kandiah's continued employment through the respective vesting dates. Each RSU represents the right to receive, at settlement, one share of common stock.