Marino Mark A.'s Form 4/A amendment
AmendedRackspace Technology, Inc. (RXT) · filed Mar 6, 2025
- Accession no.
- 0001810019-25-000027
- Filed
- Mar 6, 2025
- Trade date
- Mar 5, 2025
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Checked
- Original filed
- Mar 4, 2025
This filing lists 1 non-derivative transaction. Open-market sales total $134.2K. It was filed 1 day after the trade.
This amendment replaces 0001810019-25-000017 (filed Mar 4, 2025).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Marino Mark A.CIK 0001892103 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 5, 2025 | Common Stock | SSaleDisposed | −57,370 | $2.34F3 | −$134,245.8 | 1,937,663 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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.
- F2
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 12, 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 performance stock units.
- F3
This transaction was executed in multiple trades at prices ranging from $2.33 to $2.38. 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.
Referenced by the price of 1 transaction in Table I.
Remarks
This Form 4/A amends the original Form 4 filed on March 4, 2025 to reflect the sale of additional shares of common stock necessary to correct an administrative error in the calculation of the number of shares necessary to cover the tax withholding obligations of the reporting person.