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Rule 10b5-1 Trading Plans and Non-Rule 10b5-1 Trading Arrangements
−Removed: During the three months ended June 30, 2023, none of our directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Rapid7 securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1” trading arrangement.
+Added: Certain of our executive officers and directors may execute purchases and sales of our securities through Rule 10b5-1 equity trading plans and “non-Rule 10b5-1 equity trading arrangements” (as defined in Item 408(c) of Regulation S-K).
+Added: During the three months ended September 30, 2023, one of our executive officers, as set forth below, adopted or terminated a contract, instruction or written plan for the purchase or sale of Rapid7 securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
+Added: Name and Position Action Adoption or Transaction Date Type of Trading Arrangement Number of Shares of Common Stock to be Sold Expiration Date
+Added: Andrew Burton , Chief Operating Officer
+Added: Adoption August 15, 2023 Rule 10b5-1* 51,125 **
+Added: * Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
+Added: ** Represents the maximum number of shares that may be sold pursuant to the Rule 10b5-1 trading arrangement in amounts and prices determined in accordance with a formula set forth in the plan.
+Added: The actual number of shares sold will be dependent on the satisfaction of certain conditions as set forth in the written plan.
+Added: *** The Rule 10b5-1 trading arrangement will terminate on the earlier of the date all the shares under the plan are sold and the
+Added: expiration date indicated, subject to early termination for specified events set forth in the plan.
+Added: During the three months ended September 30, 2023, other than noted above, none of our executive officers or directors terminated or modified a 10b5-1 equity trading plan, or adopted , terminated , or modified any “non-Rule 10b5-1 equity trading
+Added: arrangement”.
Departure of Directors or Certain Officers;
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Luconi to align with current market practices.
−Removed: Each such individual has entered into a replacement severance and equity award vesting acceleration letter agreement or amendment to their employment agreement, as applicable, to modify their severance payment under their existing severance arrangement in the event that their employment ends within three months prior to, or 12 months following, a change in control of the Company as result of either (i) a resignation for “good reason”;
−Removed: or (ii) a termination of his or her employment by us other than for “cause” or as a result of his or her death or disability (such termination, a “Qualifying CIC Termination”).
+Added: Each such individual has entered into a replacement severance and equity award vesting acceleration letter agreement or amendment to their employment agreement, as applicable, to modify their severance payment under their existing severance arrangement in the event that their employment ends within three months prior to, or 12 months following, a change in control of the Company as result of either (1) a resignation for “good reason”;
+Added: or (2) a termination of his or her employment by us other than for “cause” or as a result of his or her death or disability (such termination, a “Qualifying CIC Termination”).
Upon a Qualifying CIC termination, Mr.
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All other severance and change of control arrangements will remain consistent with their previously filed severance and equity award vesting acceleration letters or employment agreement, as applicable.
−Removed: The foregoing description of the severance arrangements does not purport to be complete and is subject to, and qualified in its entirety by the full text of the severance and equity award vesting acceleration letters or amendments to employment agreements, as applicable, to be filed with the Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
+Added: The foregoing description of the severance arrangements does not purport to be complete and is subject to, and qualified in its entirety by the full text of the severance and equity award vesting acceleration letters or amendments to employment agreements, as applicable, filed herewith.
Amended and Restated Certificate of Incorporation of Rapid7, Inc.
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001-37496), filed with the Securities and Exchange Commission on August 10, 2020, and incorporated herein by reference).
+Added: Third Amendment to Employment Agreement, dated as of August 7, 2023, by and between Rapid7, Inc.
+Added: and Corey Thomas.
+Added: Severance and Equity Award Vesting Acceleration Agreement, dated as of August 8, 2023, by and between Rapid7, Inc.
+Added: and Andrew Burton.
+Added: Severance and Equity Award Vesting Acceleration Agreement, dated as of August 30, 2023, by and between Rapid7, Inc.
+Added: and Tim Adams.
+Added: Severance and Equity Award Vesting Acceleration Agreement, dated as of August 8, 2023, by and between Rapid7, Inc.
+Added: and Christina Luconi.
Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: August 9, 2023 By:
+Added: November 6, 2023 By:
Chief Executive Officer
(Principal Executive Officer)
−Removed: August 9, 2023 By:
+Added: November 6, 2023 By:
/s/ Tim Adams
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.