{
  "id": 5235953,
  "title": "Rackspace Technology CEO Kandiah sells $24,361 in company stock",
  "url": "https://urgent.news/2026/09/03/rackspace-technology-ceo-kandiah-sells-24-361-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T03:31:03.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/rackspace-technology-ceo-kandiah-sells-24361-in-company-stock-93CH-4886957"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Tela Bio CEO Heather Getz buys $8,311 in company stock",
        "url": "https://urgent.news/2026/09/03/tela-bio-ceo-heather-getz-buys-8-311-in-company-stock",
        "published": "2026-09-03T00:15:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}