Glenn Reinus, Senior V.P. Worldwide Sales at RACKSPACE HOSTING, INC. (RAX), sold 92,334 shares at $12.50 ($607K) on 2008-08-13, disclosed to the SEC on 2008-08-15.
Open-market sale of $607k RAX by Senior V.P. Worldwide Sales. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.65 | 46,167 | $30K | 4.9% |
| 2 | $12.50 | 46,167 | $577K | 95.1% |
| Total | $6.58 avg | 92,334 | $607K | 100% |