Rackspace Public Cloud President Sells $340K in Stock; Ownership Falls to 2.28M Shares
Dharmendra Kumar Sinha, Executive Vice President and President of Public Cloud at Rackspace Technology (NASDAQ: RXT), sold 188,123 shares on March 18, 2026, receiving $340,502 at $1.81 per share. The sale, carried out under a Rule 10b5-1 trading plan established in September 2023, reduced his direct stake to 2,276,057 shares. The stock trades at $1…