Rackspace’s Teal-Guess sells shares worth $38,491
#Rackspace Technology #RXT #Kellie Teal-Guess #insider trading #stock sale #Rule 10b5-1 #restricted stock units #tax obligations #NASDAQ
📌 Key Takeaways
- Kellie Teal-Guess sold 21,266 Rackspace shares worth $38,491
- Sales executed at prices between $1.75-$1.89 per share
- Transaction was to cover tax obligations from vesting restricted stock units
- Sale conducted under pre-arranged Rule 10b5-1 trading plan
- Teal-Guess still owns 1,022,384 shares after the transaction
- Rackspace stock has surged 52% in past week and 129% year-to-date
📖 Full Retelling
Kellie Teal-Guess, Chief Human Resources Officer at Rackspace Technology (NASDAQ:RXT), sold 21,266 shares of the company's common stock on March 2, 2026, for approximately $38,491. The transaction occurred as part of a pre-arranged trading plan to cover tax obligations related to vesting restricted stock units. This sale took place amid strong recent performance by Rackspace stock, which has surged to $2.22 per share, representing a 52% gain over the past week and a 129% year-to-date return. The sale was executed under a Rule 10b5-1 trading plan adopted on September 12, 2023.
🏷️ Themes
Corporate insider trading, Executive compensation and stock transactions, Rackspace Technology financial performance, Rule 10b5-1 trading plans, Tax-related stock sales
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices climb amid boost to safe haven demand after U.S.-Iran escalation Dollar surges to over five-week high on U.S.-Iran escalation; euro, sterling slip Stocks end mixed in a solid rebound from initial slide on U.S.-Iran conflict Gold price surge after Iran attack could fade, Pepperstone says FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Rackspace’s Teal-Guess sells shares worth $38,491 By Investing.com Insider Trading Published 03/02/2026, 09:19 PM Rackspace’s Teal-Guess sells shares worth $38,491 0 RXT 13.85% Rackspace Technology (NASDAQ:RXT) Chief Human Resources Officer Kellie Teal-Guess sold 21,266 shares of the company’s common stock on March 2, 2026, for approximately $38,491. The sales were executed at prices ranging from $1.75 to $1.89. The stock has since surged to $2.22, representing a gain of over 52% in the past week and a remarkable 129% year-to-date return. The transaction was to cover tax obligations related to vesting restricted stock units. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 12, 2023. Following the transaction, Teal-Guess directly owns 1,022,384 shares of Rackspace Technology. According to InvestingPro analysis, the stock appears undervalued at current levels. Investors seeking deeper insights can access comprehensive Pro Research Reports covering RXT and 1,400+ other US equities. In other recent news, Rackspace Technology reported its Q4 2025 earnings, exceeding analyst expectations. The company achieved an earnings per share of -$0.01, outperforming the forecasted -$0.04, representing a 75% positive surprise. Rackspace’s revenue also surpassed projections, reaching $683 million compared to the anticipated $674.91 million. This marks a significant development for Rackspace, reflecting strong operational performance. These results have drawn attention from analysts and investors alike. The company’s recent earnings report...
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