Statement of Changes in Beneficial Ownership (4)
17 May 2021 - 9:38PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Tarhan Tolga |
2. Issuer Name and Ticker or Trading Symbol
Rackspace Technology, Inc.
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RXT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Technology Officer |
(Last)
(First)
(Middle)
C/O RACKSPACE TECHNOLOGY, INC., 1 FANATICAL PLACE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/13/2021 |
(Street)
SAN ANTONIO, TX 78218
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 5/13/2021 | | M | | 16000 (1) | A | $12.9675 | 76578 | D | |
Common Stock | 5/13/2021 | | S | | 16000 | D | $18.2428 (2) | 60578 | D | |
Common Stock | 5/13/2021 | | S | | 199 (3) | D | $18.2726 | 60379 | D | |
Common Stock | 5/13/2021 | | S | | 14506 | D | $18.2239 (4) | 45873 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (right to buy) | $12.9675 | 5/13/2021 | | M | | | 16000 | (5) | 12/13/2029 | Common Stock | 16000.0 | $0 | 64004 | D | |
Explanation of Responses: |
(1) | Exercise of vested stock options that would have otherwise been forfeited in December 2029. |
(2) | This transaction was executed in multiple trades at pricing ranging from $18.23 to $18.28; 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, Rackspace Technology, Inc. or a security holder or Rackspace Technology, Inc. |
(3) | These shares were acquired under the Rackspace Technology, Inc. Employee Stock Purchase Plan in transactions that were exempt under both Rule 16-3(d) and Rule 16b-3(c). |
(4) | This transaction was executed in multiple trades at pricing ranging from $18.211 to $18.261; 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, Rackspace Technology, Inc. or a security holder or Rackspace Technology, Inc. |
(5) | Vests in five equal annual installments, subject to continued service, beginning December 13, 2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Tarhan Tolga C/O RACKSPACE TECHNOLOGY, INC. 1 FANATICAL PLACE SAN ANTONIO, TX 78218 |
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| Chief Technology Officer |
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Signatures
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/s/ Stefanie Box, as attorney-in-fact | | 5/13/2021 |
**Signature of Reporting Person | Date |
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