The CEO's $1.6M open-market sale is the largest and most senior trade in this cluster, and it occurred two days after the other three executives sold. This pattern suggests a coordinated exit rather than routine diversification. Monitor for upcoming earnings or material news that may have prompted this selling.
Price Chart
Executive Summary
Four Rackspace insiders, including the CEO, EVP President, CFO, and CHRO, sold a combined $2.17M in open-market sales over a one-week window. The CEO alone sold $1.6M worth of shares at $3.21. This is a material cluster of open-market selling by top C-suite executives, representing approximately 0.67% of the company's ~$326M market cap, and is a bearish signal given the lack of 10b5-1 plan indications.
Key Financial Metrics
Key Facts
- CEO Kandiah Gajakarnan Vibushanan sold 498,728 shares for $1.60M at $3.21 on 2026-09-04
- EVP/President Dharmendra Sinha sold 107,000 shares for $316K at $2.95 on 2026-09-02
- CFO Mark Marino sold 51,400 shares for $152K at $2.95 on 2026-09-02
- CHRO Kellie Teal-Guess sold 33,600 shares for $105K at $3.13 on 2026-09-02
- Total cluster value: $2.17M, or ~0.67% of market cap (~$326M)
- All transactions are open-market sales (code S) with no 10b5-1 plan indication
Financial Impact
Insider selling of $2.17M, representing 0.67% of market cap, concentrated in C-suite with no plan-based explanation
Risk Factors
- Insiders may have 10b5-1 plans not disclosed in the Form 4 footnotes, which would reduce the informational content
- Market cap is small (~$326M), making even modest dollar sales proportionally large
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RXT-1788917045919 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 6w ago | Press Release | $3.13 $3.92 | ▲ +25.24% | ▲ +24.61% | $2.71 (−13.42%) |
Sep 8, 2026 6w ago | Insider Cluster | $3.24 $3.48 | ▼ −7.41% | ▼ −8.50% | $2.71 (+16.36%) |
Sep 4, 2026 7w ago | Insider Cluster | $3.23 $3.34 | ▼ −3.41% | ▼ −4.52% | $2.71 (+16.10%) |
Sep 4, 2026 7w ago | 144 | $3.23 $3.34 | ▲ +3.41% | ▲ +4.52% | $2.71 (−16.10%) |
Sep 2, 2026 7w ago | 144 / CLUSTER | $3.29 $3.22 | ▲ +2.13% | ▲ +0.98% | $2.71 (+17.63%) |
Sep 2, 2026 7w ago | 144 | $3.29 $3.22 | ▼ −2.13% | ▼ −0.98% | $2.71 (−17.63%) |
Aug 24, 2026 9w ago | 8-K | $3.40 $3.00 | ▼ −11.76% | ▼ −11.23% | $2.71 (−20.29%) |
Aug 14, 2026 10w ago | 144 | $3.95 $3.12 | ▲ +21.01% | ▲ +19.82% | $2.71 (+31.39%) |
Aug 10, 2026 11w ago | 8-K | $4.35 $3.52 | ▲ +19.08% | ▲ +18.68% | $2.71 (+37.70%) |
Aug 10, 2026 11w ago | Press Release | $4.35 $3.52 | ▲ +19.08% | ▲ +18.68% | $2.71 (+37.70%) |
US Market Status
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