Timothy M. Adams - Feb 14, 2025 Form 4 Insider Report for Rapid7, Inc. (RPD)

Signature
/s/ Raisa Litmanovich, Attorney-in-Fact
Stock symbol
RPD
Transactions as of
Feb 14, 2025
Transactions value $
-$221,832
Form type
4
Date filed
2/19/2025, 07:49 PM
Previous filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RPD COMMON STOCK Award $0 +51.7K +34.4% $0.00 202K Feb 14, 2025 Direct F1
transaction RPD COMMON STOCK Award $0 +17.8K +8.83% $0.00 220K Feb 15, 2025 Direct F2
transaction RPD COMMON STOCK Tax liability -$222K -6.24K -2.84% $35.55 214K Feb 15, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. This restricted stock unit grant vests in twelve quarterly installments, with the first installment vesting on May 15, 2025, subject to the Reporting Person's continued service with the Issuer.
F2 Represents the number of units earned under a performance-based restricted stock unit award ("PSUs") based on the Issuer's satisfaction of certain performance criteria of the award. In light of the performance-based conditions of the award, the award was not reportable under Section 16 until performance conditions were certified by the Compensation Committee as achieved (which occurred on February 15, 2025). The earned PSUs will vest in equal installments on each of February 15, 2025, February 15, 2026 and February 15, 2027, subject to the Reporting Person's continued service with the Issuer. Each PSU represents a contingent right to receive one share of common stock of the Issuer.
F3 Represents shares withheld by the Issuer to satisfy the Reporting Person's withholding obligation upon the vesting of restricted stock units and PSUs previously granted to the Reporting Person on January 3, 2022, February 15, 2023, February 15, 2024 and February 15, 2025.