A Rackspace Technology Insider Sold Nearly 34,000 Shares. Here's What That Means for Investors.
Rackspace Technology, a leader in multi-cloud services, saw a key insider reduce their direct holdings in a recent sale.
Overview
Kellie Teal-Guess, Chief Human Resources Officer at Rackspace Technology (NASDAQ:RXT), reported the sale of 33,966 shares of common stock for a total transaction value of approximately $189,000 on June 4, 2026, according to the SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($5.56); post-transaction value based on June 4, 2026 market close ($5.59).
Details
* 1-year price change calculated using June 4, 2026 as the reference date.
Source
Originally published at www.fool.com.
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