The sale by Rackspace Technology’s CHRO covered tax obligations on vesting restricted stock units, reducing holdings by 2.51%.
Rackspace Technology Chief Human Resources Officer Kellie Teal-Guess sold 33,966 shares on June 4, 2026, for approximately $189,000, based on a weighted average price of $5.56. The transaction was executed under a pre-established Rule 10b5-1 plan to cover tax withholding on vesting restricted stock units.
The sale represented 2.51% of Teal-Guess’s direct holdings, a modest reduction compared to her historical trading activity. Shares closed at $5.59 on June 4, up from the $5.06 opening price, within the stock’s recent trading range. Rackspace Technology has delivered a one-year total return of 255.12% as of the transaction date.
The trade aligns with a pattern of periodic sales, averaging around 33,000 shares over the past five transactions, as her direct holdings have gradually declined.