Trade Summary
5 days ago, Sinha Dharmendra Kumar, serving as EVP, Pres, Public Cloud at Rackspace Technology, Inc. (RXT), sold 188,123 shares at $1.81 per share, for a total transaction value of $340,503.00. Following this transaction, Sinha Dharmendra Kumar now holds 2,276,057 shares of RXT.
This sale represents a 8.00% decrease in Sinha Dharmendra Kumar's stake in the company. This is considered a high-conviction trade given the significant change in ownership.
The trade was executed on Wednesday, March 18, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, March 18, 2026, meaning the disclosure happened on the same day as the trade.
Rackspace Technology, Inc. operates in the TECHNOLOGY sector, specifically within the SOFTWARE - INFRASTRUCTURE industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.