RXT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-10

• We are the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and miss…

• For a description of subsequent events, see "Subsequent Events" in Item 1 of Part I, Financial Statements - Note 1, "Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies."

• We believe our combination of proprietary technology, automation capabilities and technical expertise creates a value proposition for our customers that is hard to replicate for both competitors and in-house IT departments. We and our customers face a variety of challenges, including evolving techno…

• Our success greatly depends on our ability to retain and develop opportunities with our existing customers and to attract new customers. We operate in a growing but competitive and evolving market environment, requiring innovation to differentiate us from our competitors. Enterprise AI offerings in …

• Private Cloud offerings are generally hosted on our own infrastructure and deliver higher segment operating margins, but also require a higher level of capital expenditures. Historical Private Cloud offerings have also included colocation and basic hosting contracts, which typically generate lower m…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• We are a leading end-to-end hybrid cloud and AI solutions company. We design, build and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling…

• We believe our combination of proprietary technology, automation capabilities and technical expertise creates a value proposition for our customers that is hard to replicate for both competitors and in-house IT departments. We and our customers face a variety of challenges, including evolving techno…

• Our success greatly depends on our ability to retain and develop opportunities with our existing customers and to attract new customers. We operate in a growing but competitive and evolving market environment, requiring innovation to differentiate us from our competitors. We believe that our integra…

• The mix of revenue has shifted in recent years, from our Private Cloud offerings to infrastructure resale and services within Public Cloud. Private Cloud offerings are generally hosted on our own infrastructure and deliver higher segment operating margins, but also require a higher level of capital …

• Private Cloud revenue in the three months ended March 31, 2026 decreased 6.0% on an actual basis and 7.5% on a constant currency basis, from the three months ended March 31, 2025, reflecting customer transitions off legacy platforms, partially offset by revenue from new bookings.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• On July 29, 2026, we and two of our executive officers were named as defendants in a putative securities class action filed in the United States District Court for the Southern District of New York (Morgan-Reed v. Rackspace Technology, Inc., et al., Case No. 1:26-cv-06491). The complaint asserts cla…

• We depend on AMD as well as other Key Partners for our Enterprise AI business.

• Our Enterprise AI business depends substantially on our relationship with Advanced Micro Devices, Inc. ("AMD") as well as on other partners who provide, or may provide in the future, complementary products, software and platform capabilities for our Enterprise AI solutions, including Palantir Techno…

• We have entered into a definitive GPU-as-a-Service Agreement - Master Terms and Conditions (the "GPUaaS Agreement") with AMD intended to facilitate the phased deployment of AMD AI compute products (including AMD Instinct™ GPUs (e.g., MI355X, MI350P, and future successor chips) and AMD EPYC™ CPUs) (c…

• Each deployment under the GPUaaS Agreement is subject to agreement between the parties on the commercial terms applicable to such deployment, including pricing, term and financial parameters, and AMD has no obligation under the GPUaaS Agreement to agree to any particular deployment as being within t…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• During the quarter ended March 31, 2026, the following director and officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted a trading arrangement for the purchase or sale of securities of the company that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the E…

• Gajen Kandiah, Chief Executive Officer. On March 17, 2026, Mr. Kandiah adopted a Rule 10b5-1 Plan in the form of a durable sell-to-cover instruction which provides for the sale of shares of common stock necessary to satisfy tax withholding obligations incurred in connection with the vesting or settl…

• Kellie Teal-Guess, Executive Vice President and Chief Human Resources Officer. On March 17, 2026, Ms. Teal-Guess adopted a Rule 10b5-1 Plan under which an aggregate of 200,000 shares of common stock may be sold prior to the expiration of the Rule 10b5-1 Plan on March 17, 2028.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• On July 29, 2026, we and two of our executive officers were named as defendants in a putative securities class action filed in the United States District Court for the Southern District of New York (Morgan-Reed v. Rackspace Technology, Inc., et al., Case No. 1:26-cv-06491). The complaint asserts cla…

• We depend on AMD as well as other Key Partners for our Enterprise AI business.

• Our Enterprise AI business depends substantially on our relationship with Advanced Micro Devices, Inc. ("AMD") as well as on other partners who provide, or may provide in the future, complementary products, software and platform capabilities for our Enterprise AI solutions, including Palantir Techno…

• We have entered into a definitive GPU-as-a-Service Agreement - Master Terms and Conditions (the "GPUaaS Agreement") with AMD intended to facilitate the phased deployment of AMD AI compute products (including AMD Instinct™ GPUs (e.g., MI355X, MI350P, and future successor chips) and AMD EPYC™ CPUs) (c…

• Each deployment under the GPUaaS Agreement is subject to agreement between the parties on the commercial terms applicable to such deployment, including pricing, term and financial parameters, and AMD has no obligation under the GPUaaS Agreement to agree to any particular deployment as being within t…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• During the quarter ended March 31, 2026, the following director and officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted a trading arrangement for the purchase or sale of securities of the company that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the E…

• Gajen Kandiah, Chief Executive Officer. On March 17, 2026, Mr. Kandiah adopted a Rule 10b5-1 Plan in the form of a durable sell-to-cover instruction which provides for the sale of shares of common stock necessary to satisfy tax withholding obligations incurred in connection with the vesting or settl…

• Kellie Teal-Guess, Executive Vice President and Chief Human Resources Officer. On March 17, 2026, Ms. Teal-Guess adopted a Rule 10b5-1 Plan under which an aggregate of 200,000 shares of common stock may be sold prior to the expiration of the Rule 10b5-1 Plan on March 17, 2028.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• On July 29, 2026, we and two of our executive officers were named as defendants in a putative securities class action filed in the United States District Court for the Southern District of New York (Morgan-Reed v. Rackspace Technology, Inc., et al., Case No. 1:26-cv-06491). The complaint asserts cla…

• We depend on AMD as well as other Key Partners for our Enterprise AI business.

• Our Enterprise AI business depends substantially on our relationship with Advanced Micro Devices, Inc. ("AMD") as well as on other partners who provide, or may provide in the future, complementary products, software and platform capabilities for our Enterprise AI solutions, including Palantir Techno…

• We have entered into a definitive GPU-as-a-Service Agreement - Master Terms and Conditions (the "GPUaaS Agreement") with AMD intended to facilitate the phased deployment of AMD AI compute products (including AMD Instinct™ GPUs (e.g., MI355X, MI350P, and future successor chips) and AMD EPYC™ CPUs) (c…

• Each deployment under the GPUaaS Agreement is subject to agreement between the parties on the commercial terms applicable to such deployment, including pricing, term and financial parameters, and AMD has no obligation under the GPUaaS Agreement to agree to any particular deployment as being within t…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• During the quarter ended March 31, 2026, the following director and officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted a trading arrangement for the purchase or sale of securities of the company that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the E…

• Gajen Kandiah, Chief Executive Officer. On March 17, 2026, Mr. Kandiah adopted a Rule 10b5-1 Plan in the form of a durable sell-to-cover instruction which provides for the sale of shares of common stock necessary to satisfy tax withholding obligations incurred in connection with the vesting or settl…

• Kellie Teal-Guess, Executive Vice President and Chief Human Resources Officer. On March 17, 2026, Ms. Teal-Guess adopted a Rule 10b5-1 Plan under which an aggregate of 200,000 shares of common stock may be sold prior to the expiration of the Rule 10b5-1 Plan on March 17, 2028.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• We depend on AMD as well as other Key Partners for our Enterprise AI business.

• Our Enterprise AI business depends substantially on our relationship with Advanced Micro Devices, Inc. ("AMD") as well as on other partners who provide, or may provide in the future, complementary products, software and platform capabilities for our Enterprise AI solutions, including Palantir Techno…

• We have entered into a definitive GPU-as-a-Service Agreement - Master Terms and Conditions (the "GPUaaS Agreement") with AMD intended to facilitate the phased deployment of AMD AI compute products (including AMD Instinct™ GPUs (e.g., MI355X, MI350P, and future successor chips) and AMD EPYC™ CPUs) (c…

• Each deployment under the GPUaaS Agreement is subject to agreement between the parties on the commercial terms applicable to such deployment, including pricing, term and financial parameters, and AMD has no obligation under the GPUaaS Agreement to agree to any particular deployment as being within t…

• We also depend on joint marketing and demand generation activities conducted together with AMD and our Key Partners to build customer awareness and generate sales opportunities for our Enterprise AI solutions. Any reduction in, or failure to effectively execute, these efforts could adversely affect …

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• During the quarter ended March 31, 2026, the following director and officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted a trading arrangement for the purchase or sale of securities of the company that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the E…

• Gajen Kandiah, Chief Executive Officer. On March 17, 2026, Mr. Kandiah adopted a Rule 10b5-1 Plan in the form of a durable sell-to-cover instruction which provides for the sale of shares of common stock necessary to satisfy tax withholding obligations incurred in connection with the vesting or settl…

• Kellie Teal-Guess, Executive Vice President and Chief Human Resources Officer. On March 17, 2026, Ms. Teal-Guess adopted a Rule 10b5-1 Plan under which an aggregate of 200,000 shares of common stock may be sold prior to the expiration of the Rule 10b5-1 Plan on March 17, 2028.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• During the quarter ended June 30, 2026, none of the company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified, or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" (as each term is defined in Item 408 of Regulation S-K…

• Rackspace Technology, Inc. Amendment No. 4 to 2020 Equity Incentive Plan

• Omnibus Amendment to Receivables Purchase Agreement, dated as of July 2, 2026, by and among Rackspace Receivables II LLC, Rackspace Receivables Canada Limited, the persons from time to time party thereto as purchasers, PNC Bank, National Association, Rackspace US, Inc., Rackspace International GmbH,…

• Equity Distribution Agreement, dated July 9, 2026, between Rackspace Technology, Inc. and Goldman Sachs & Co. LLC (incorporated by reference from Exhibit 1.1 to Rackspace Technology, Inc.’s Form 8-K, filed on July 9, 2026)

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• During the quarter ended March 31, 2026, the following director and officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted a trading arrangement for the purchase or sale of securities of the company that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the E…

• Gajen Kandiah, Chief Executive Officer. On March 17, 2026, Mr. Kandiah adopted a Rule 10b5-1 Plan in the form of a durable sell-to-cover instruction which provides for the sale of shares of common stock necessary to satisfy tax withholding obligations incurred in connection with the vesting or settl…

• Kellie Teal-Guess, Executive Vice President and Chief Human Resources Officer. On March 17, 2026, Ms. Teal-Guess adopted a Rule 10b5-1 Plan under which an aggregate of 200,000 shares of common stock may be sold prior to the expiration of the Rule 10b5-1 Plan on March 17, 2028.