Rapid7, Inc. Executive Chairman Corey E. Thomas filed a Form 4 on November 9, 2026, disclosing the exercise of 134,000 non-qualified stock options and a share withholding transaction dated November 6, 2026.

Key Highlights

  • Option exercise: Thomas exercised 134,000 non-qualified stock options at an exercise price of $12.47 per share on November 6, 2026.
  • Shares withheld: Rapid7 withheld 123,580 shares to cover the exercise price and related withholding taxes, resulting in 10,420 net shares issued to Thomas.
  • Withholding price: The 123,580 shares were withheld at $14.68 per share, according to the filing.
  • Direct ownership after transactions: Thomas directly held 653,694 shares of common stock following the reported transactions.
  • Indirect holdings: An additional 218,748 shares are held indirectly through Thomas Family Holdings LLC, and 30,000 shares are held by the Corey E. Thomas Irrevocable Trust of 2016.
  • Option vesting: The exercised option vested in sixteen equal quarterly installments beginning May 15, 2017, subject to continued service with Rapid7.

Thomas Option Exercise and Share Withholding Details at Rapid7

According to the filing, Corey E. Thomas, who serves as both a director and Executive Chairman of Rapid7, Inc. (NASDAQ:RPD), exercised a non-qualified stock option covering 134,000 shares of common stock on November 6, 2026. The exercise price was $12.47 per share. Following the exercise, the issuer withheld 123,580 shares at $14.68 per share to cover the exercise price and related withholding taxes, leaving Thomas with a net issuance of 10,420 shares, as described in the filing's explanatory footnotes.

After both the acquisition (transaction code M) and the disposition via withholding (transaction code F), Thomas directly held 653,694 shares of Rapid7 common stock, the filing reported. In addition, the filing disclosed 218,748 shares held indirectly through Thomas Family Holdings LLC, of which Thomas is the manager and holds voting and dispositive power, though he disclaims beneficial ownership beyond his pecuniary interest. A further 30,000 shares are held by the Corey E. Thomas Irrevocable Trust of 2016, administered by an independent trustee for the benefit of family members; Thomas also disclaims beneficial ownership of those shares.

The exercised option had an expiration date of January 31, 2027, and carried a conversion or exercise price of $12.47. The filing noted the option originally vested in sixteen equal quarterly installments on the 15th day of each calendar quarter beginning May 15, 2017, subject to Thomas's continued service with the company. Following the exercise, zero derivative securities of this type remain beneficially owned by Thomas, according to Table II of the filing. The Form 4 was signed by Christopher Keenan as attorney-in-fact on November 9, 2026.

What Was Disclosed

The filing reported an option exercise by Rapid7 Executive Chairman Corey E. Thomas on November 6, 2026, covering 134,000 shares at $12.47, with 123,580 shares withheld at $14.68 for taxes and exercise costs, leaving direct ownership of 653,694 shares.