Rackspace Technology CEO Kandiah sells $24,361 in company stock
Rackspace Technology's CEO, Kandiah Gajakarnan Vibushanan, sold 8,258 shares of the company's common stock on September 2, 2026. The sale totaled $24,361, with each share priced between $2.88 and $3.01, averaging at $2.95 per share. The stock price is currently at $3.01, having dropped nearly 11% over the past week. Despite this decline, Rackspace Technology's stock has appreciated by a significant 132% over the past year.
The stock is currently considered overvalued according to InvestingPro's analysis. The CEO's sale was solely to cover tax withholding obligations related to the vesting of restricted stock units, as part of a pre-approved Rule 10b5-1 trading plan. Following these transactions, Mr. Kandiah now holds 4,183,683 shares of Rackspace Technology.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
