Board reconfiguration with no operational or financial changes — no immediate trading signal. Monitor for any strategic shifts under the new board composition, but the departure of four directors without stated disagreement suggests a pre-planned refresh, not a crisis.
Price Chart
Executive Summary
Rapid7 disclosed the resignation of four directors (Michael Burns, Benjamin Holzman, Thomas Schodorf, Reeny Sondhi) effective August 27, 2026, and the appointment of Maria Barrett and Julian Waits to the board effective September 1, 2026. The resignations were not due to any disagreement with the company. Departing directors received accelerated vesting and cash through June 2027; Waits transitions from Chief Experience Officer to board member with a transition agreement. This is a routine board reconfiguration with no material financial impact.
Key Facts
- Four directors resigned on August 27, 2026: Michael Burns, Benjamin Holzman, Thomas Schodorf, Reeny Sondhi — not due to any disagreement.
- Two new directors appointed effective September 1, 2026: Maria Barrett (retired U.S. Army Lieutenant General) and Julian Waits (transitioning from Chief Experience Officer).
- Departing directors received accelerated unvested equity vesting and cash compensation through June 30, 2027.
- Waits signed a transition agreement: receives six months' base salary transition payment, 2026 bonus based on actual performance, and continued equity vesting subject to noncompetition covenant.
- Board size fixed at nine; J. Benjamin Nye appointed Lead Independent Director.
Financial Impact
Accelerated vesting and cash payments to four departing directors through June 2027 — not quantified in filing, likely immaterial relative to $896M market cap.
Risk Factors
- Departure of four directors simultaneously, though described as amicable, introduces board composition uncertainty.
- Transition of Chief Experience Officer to board reduces executive bench depth.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001560327-26-000046 |
| Document: 0001560327-26-000046-index.html | 0001560327-26-000046 |
| Document: 0001560327-26-000046.txt | 0001560327-26-000046 |
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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
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