| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RXT | Common Stock | Sale | -$528K | -202K | -10.56% | $2.61 | 1.71M | Feb 24, 2025 | Direct | F1, F2, F3 |
| transaction | RXT | Common Stock | Award | $0 | +376K | +21.98% | $0.00 | 2.09M | Feb 25, 2024 | Direct | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This transaction was executed in multiple trades from 2/24/25-2/26/35 at prices ranging from $2.54 to $2.81. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer. |
| F2 | Reflects the number of shares of common stock that were sold in a "sell to cover" transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person. |
| F3 | This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 12, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units. |
| F4 | The reporting person was granted an award of 564,716 performance stock units ("PSUs") on February 21, 2024. The PSU award agreement provided that the PSUs will vest in three equal tranches over three years, subject to the Company's relative total shareholder return performance compared to a pre-determined peer group over one-, two- and three- year performance periods, respectively. This award represents the vesting of the first tranche of 188,238 target shares. On February 25, 2025, the Compensation Committee of the Issuer certified the Company's relative total stockholder performance for the first performance period (January 1, 2024 through December 31, 2024) at the maximum level, with 200% of the target shares in the first tranche being earned (or 376,478 shares). The service-based vesting condition applicable to the first tranche of the PSUs was satisfied as of January 31, 2025. |