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

Signature
/s/ Raisa Litmanovich, Attorney-in-Fact
Issuer symbol
RPD
Transactions as of
14 Feb 2025
Net transactions value
-$221,832
Form type
4
Filing time
19 Feb 2025, 19:49:28 UTC
Previous filing
19 Nov 2024
Next filing
19 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RPD COMMON STOCK Award $0 +51,734 +34% $0.000000 202,111 14 Feb 2025 Direct F1
transaction RPD COMMON STOCK Award $0 +17,845 +8.8% $0.000000 219,956 15 Feb 2025 Direct F2
transaction RPD COMMON STOCK Tax liability $221,832 -6,240 -2.8% $35.55 213,716 15 Feb 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.