The sale by a former director is routine post-separation portfolio adjustment. Monitor for any subsequent Form 4 filings or patterns of additional insider selling, but this single filing is unlikely to move the stock. The late filing status introduces a minor compliance concern but no structural change.
Price Chart
Executive Summary
Former director Mike Burns filed two Form 144 notices to sell a total of 18,190 shares of Rapid7 common stock, with an approximate aggregate value of $203,513. The filing indicates the sale may have already occurred on September 2, 2026, and notes a late filing. As a former director, the sale carries less weight than a current executive's, but the volume suggests continued distribution of holdings post-departure.
Key Facts
- Former director Mike Burns filed Form 144 to sell 18,190 common shares in two batches (5,000 shares at ~$56,748 and 13,190 shares at ~$146,765).
- The filing is a late filing for shares sold on September 2, 2026, as authorized by the issuer.
- Shares were acquired between September 26, 2024 and November 20, 2025 via open market purchases.
- Total proposed sale value is approximately $203,513, representing roughly 0.03% of Rapid7's $773 million market cap.
- Account is registered under The Burns Living Trust.
Financial Impact
Approximately $203,513 in total proposed sales, which is immaterial relative to RPD's $773M market cap.
Risk Factors
- Late filing suggests potential governance laxity, though immaterial on its own.
- Continued insider selling by former executives could signal lack of confidence in near-term outlook.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (RPD) — Batch item 1 | 0001949846-26-000567 |
| Document: 0001949846-26-000567-index.html | 0001949846-26-000567 |
| Document: 0001949846-26-000567.txt | 0001949846-26-000567 |
| 144 Filing (RPD) — Batch item 4 | 0001949846-26-000567 |
| Document: 0001949846-26-000567-index.html | 0001949846-26-000567 |
| Document: 0001949846-26-000567.txt | 0001949846-26-000567 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 7w ago | 144 | $11.00 $12.36 | ▲ +12.36% | ▲ +11.76% | $17.93 (+63.00%) |
Aug 31, 2026 8w ago | 8-K | $12.01 $12.22 | ▲ +1.75% | ▲ +1.43% | $17.93 (+49.29%) |
Aug 10, 2026 11w ago | 8-K | $13.38 $10.56 | ▲ +21.08% | ▲ +20.02% | $17.93 (−34.01%) |
Aug 10, 2026 11w ago | Press Release | $13.38 $10.56 | ▲ +21.08% | ▲ +20.02% | $17.93 (−34.01%) |
Jul 14, 2026 14w ago | Press Release | $12.25 $12.27 | ▲ +0.16% | ▼ −2.18% | $17.93 (+46.37%) |
Jun 1, 2026 21w ago | DEFA14A | $8.74 $8.10 | ▼ −7.32% | ▼ −6.02% | $17.93 (+105.15%) |
Jun 1, 2026 21w ago | 8-K | $8.74 $8.10 | ▼ −7.32% | ▼ −6.02% | $17.93 (+105.15%) |
Mar 30, 2026 30w ago | DEFA14A | $5.51 $5.76 | ▲ +4.54% | ▼ −4.89% | $17.93 (+225.41%) |
Mar 26, 2026 30w ago | Press Release | $5.27 $5.98 | ▲ +13.47% | ▲ +0.73% | $17.93 (+240.23%) |
Mar 26, 2026 30w ago | Press Release | $5.27 $5.98 | ▲ +13.47% | ▲ +0.73% | $17.93 (+240.23%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers