Insider Sale by Kandiah Gajakarnan Vibushanan (Chief Executive Officer)
Trade Summary
6 days ago, Kandiah Gajakarnan Vibushanan, serving as Chief Executive Officer at Rackspace Technology, Inc. (RXT), sold 498,728 shares at $3.21 per share, for a total transaction value of $1,600,916.88. Following this transaction, Kandiah Gajakarnan Vibushanan now holds 3,684,955 shares of RXT.
This sale represents a 11.92% decrease in Kandiah Gajakarnan Vibushanan's stake in the company. This is considered a high-conviction trade given the significant change in ownership.
The trade was executed on Friday, September 4, 2026 and publicly disclosed via SEC Form 4 filing on Friday, September 4, 2026 at 9:55 PM ET, 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.
Trade Price
$3.21
Quantity
498,728
Total Value
$1,600,916.88
Shares Owned
3,684,955
Trade Date
6 days ago
SEC Filing Date
at 9:55 PM ET
Discussion