SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported.
	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* Searchlight Capital Partners II GP, LLC (Last) (First) (Middle) 745 FIFTH AVENUE, 27TH FLOOR (Street) NEW YORK NY 10151 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Rackspace Technology, Inc. [ RXT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) Former Stockholder
	3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2021
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	03/10/2021		S	9,012	D	$21.0028	0	I	See footnote(1)
Common Stock	03/11/2021		S	106,163	D	$21.0172	0	I	See footnote(1)
Common Stock	03/12/2021		S	2,560	D	$21.0134	0	I	See footnote(1)
Common Stock	03/15/2021		S	1,715,953	D	$23.2212	0	I	See footnote(1)
Common Stock	03/16/2021		S	966,312	D	$23.1055	0	I	See footnote(1)
Common Stock	03/17/2021		S	600,000	D	$23.5219	0	I	See footnote(1)
Common Stock	03/18/2021		S	300,112	D	$23.2516	0	I	See footnote(1)
Common Stock	03/19/2021		S	792,446	D	$23.6539	0	I	See footnote(1)
Common Stock	03/22/2021		S	839,748	D	$23.7166	0	I	See footnote(1)
Common Stock	03/23/2021		S	179,615	D	$23.235	0	I	See footnote(1)
Common Stock	03/24/2021		S	100	D	$23.01	0	I	See footnote(1)
Common Stock	03/25/2021		S	500,000	D	$23.5956	0	I	See footnote(1)
Common Stock	03/26/2021		S	450,000	D	$23.8964	0	I	See footnote(1)
Common Stock	03/29/2021		S	36,271	D	$23.6174	0	I	See footnote(1)
Common Stock	03/30/2021		S	21,708	D	$23.4932	0	I	See footnote(1)
Common Stock	03/31/2021		S	526,315	D	$23.9469	0	I	See footnote(1)
Common Stock	04/01/2021		S	953,685	D	$24.1078	0	I	See footnote(1)
Common Stock	04/01/2021		S	277,465	D	$25.1312	0	I	See footnote(1)
Common Stock	04/05/2021		S	347,535	D	$25.847	0	I	See footnote(1)
Common Stock	04/06/2021		S	167,150	D	$25.5571	0	I	See footnote(1)
Common Stock	04/07/2021		S	163,140	D	$25.3666	0	I	See footnote(1)
Common Stock	04/08/2021		S	134,710	D	$25.4752	0	I	See footnote(1)
Common Stock	04/09/2021		S	254,109	D	$26.0847	0	I	See footnote(1)
Common Stock	04/12/2021		S	167,782	D	$25.4787	0	I	See footnote(1)
Common Stock	04/13/2021		S	99,541	D	$25.1307	0	I	See footnote(1)
Common Stock	04/14/2021		S	288,568	D	$25.7324	0	I	See footnote(1)
Common Stock	04/15/2021		S	130,000	D	$25.3502	0	I	See footnote(1)
Common Stock	04/16/2021		S	220,000	D	$25.2327	0	I	See footnote(1)
Common Stock	04/19/2021		S	79,432	D	$25.1954	0	I	See footnote(1)
Common Stock	04/20/2021		S	170,568	D	$25.1155	0	I	See footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Searchlight Capital Partners II GP, LLC (Last) (First) (Middle) 745 FIFTH AVENUE, 27TH FLOOR (Street) NEW YORK NY 10151 (City) (State) (Zip)

1. Name and Address of Reporting Person* Searchlight Capital Partners II GP, L.P. (Last) (First) (Middle) 745 FIFTH AVENUE, 27TH FLOOR (Street) NEW YORK NY 10151 (City) (State) (Zip)

1. Name and Address of Reporting Person* Searchlight Capital II, L.P. (Last) (First) (Middle) 745 FIFTH AVENUE, 27TH FLOOR (Street) NEW YORK NY 10151 (City) (State) (Zip)

1. Name and Address of Reporting Person* Searchlight Capital II PV, L.P. (Last) (First) (Middle) 745 FIFTH AVENUE, 27TH FLOOR (Street) NEW YORK NY 10151 (City) (State) (Zip)

Explanation of Responses:

1. Represented 5,968,451 securities previously held of record by Searchlight Capital II, L.P. and 6,031,549 securities held of record by Searchlight Capital II PV, L.P. (the "Record Holders"). Searchlight Capital Partners II GP, L.P. (the "GP LP") is the general partner of the Record Holders and Searchlight Capital Partners II GP, LLC is the general partner of the GP LP (the foregoing, collectively, together with the Record Holders, the "Reporting Persons"). Erol Uzumeri, Eric Zinterhofer and Oliver Haarmann are members of the board of managers of Searchlight Capital Partners II GP, LLC.

Remarks:

Balance of trades reflected in Table I are included in Exhibit 99.1 of this Form.

	Searchlight Capital Partners II GP, LLC By: /s/ Darren Glatt, authorized person	01/28/2022
	Searchlight Capital Partners II GP, L.P. By: Searchlight Capital Partners II GP, LLC, its general partner By: /s/ Darren Glatt, authorized person	01/28/2022
	Searchlight Capital II, L.P. By: Searchlight Capital Partners II GP, L.P., its general partner By: /s/ Darren Glatt, authorized person	01/28/2022
	Searchlight Capital II PV, L.P. By: Searchlight Capital Partners II GP, L.P., its general partner By: /s/ Darren Glatt, authorized person	01/28/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

 

Exhibit 99.1

 

1. Title of Security (Instr. 3)	2. Transaction Date (Month/ Day/Year)	2A.Deemed Execution Date, if any (Month/ Day/Year)	3. Trans- action Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at the end of Issuer’s Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	04/21/2021		S	55,640	(D)	$25.0668	0	(I)	See footnote (1)
Common Stock	04/22/2021		S	60,106	(D)	$25.1811	0	(I)	See footnote (1)
Common Stock	04/26/2021		S	2,401	(D)	$25.0010	0	(I)	See footnote (1)
Common Stock	04/27/2021		S	28,217	(D)	$25.1415	0	(I)	See footnote (1)
Common Stock	04/28/2021		S	1,173	(D)	$25.0000	0	(I)	See footnote (1)
Common Stock	04/29/2021		S	26	(D)	$25.0000	0	(I)	See footnote (1)
Common Stock	05/03/2021		S	1,700	(D)	$25.0118	0	(I)	See footnote (1)
Common Stock	05/05/2021		S	164,408	(D)	$24.0854	0	(I)	See footnote (1)
Common Stock	05/06/2021		S	22,892	(D)	$24.0818	0	(I)	See footnote (1)
Common Stock	05/07/2021		S	111,960	(D)	$24.0971	0	(I)	See footnote (1)
Common Stock	05/10/2021		S	127,537	(D)	$24.0311	0	(I)	See footnote (1)
Common Stock	05/25/2021		S	32,208	(D)	$21.0107	0	(I)	See footnote (1)
Common Stock	05/26/2021		S	2,598	(D)	$21.0119	0	(I)	See footnote (1)
Common Stock	05/27/2021		S	99,635	(D)	$21.0227	0	(I)	See footnote (1)
Common Stock	05/28/2021		S	30,068	(D)	$21.0314	0	(I)	See footnote (1)
Common Stock	06/04/2021		S	15,097	(D)	$21.0104	0	(I)	See footnote (1)
Common Stock	06/07/2021		S	184,137	(D)	$21.0369	0	(I)	See footnote (1)
Common Stock	06/08/2021		S	560,197	(D)	$21.0300	0	(I)	See footnote (1)

 

Explanation of Responses:

1. Represented 5,968,451 securities previously held of record by Searchlight Capital II, L.P. and 6,031,549 securities held of record by Searchlight Capital II PV, L.P. (the “Record Holders”). Searchlight Capital Partners II GP, L.P. (the “GP LP”) is the general partner of the Record Holders and Searchlight Capital Partners II GP, LLC is the general partner of the GP LP (the foregoing, collectively, together with the Record Holders, the “Reporting Persons”). Erol Uzumeri, Eric Zinterhofer and Oliver Haarmann are members of the board of managers of Searchlight Capital Partners II GP, LLC.