Scott Anthony, Director of Rackspace Technology (NASDAQ:RXT), reported a sale of 48,780 shares of common stock in an SEC Form 4 filing on Aug. 17, 2026.
Transaction summary Transaction value based on SEC Form 4 weighted average sale price ($4.25); post-transaction value based on Aug. 14, 2026, market close ($4.21)
Key questions – How does this sale impact the insider’s remaining exposure? The transaction reduced Anthony’s direct equity position to 180,215 shares, which maintained a market value of $758,705 as of the Aug. 14, 2026, market close. – What were the execution details regarding the price range? The 48,780 shares were sold in multiple trades at prices ranging from $4.22 to $4.30 per share, resulting in the reported weighted-average price of $4.25. – What is the current scale of insider ownership at the firm?
Following this transaction, the reporting owner holds a 0.07% stake in Rackspace Technology, which currently carries a total market capitalization of $866.5 million. – What are the fundamental financial metrics for the issuer? Rackspace Technology reported trailing twelve-month revenue of $2.7 billion and a net loss of $159 million. Company snapshot – Sector: Technology – Industry: Software-Infrastructure – HQ: San Antonio – Employees: 5,000 Rackspace Technology is a global provider specializing in multi-cloud technology services.