Press Releases June 15, 2026 04:05 PM

Rapid7 Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4)

Rapid7 grants inducement award of 525,000 RSUs to new Chief Product and Technology Officer

By Avery Klein
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Rapid7, a Nasdaq-listed cybersecurity company, announced an inducement grant of 525,000 restricted stock units to Dejan Deklich upon his commencement as Chief Product and Technology Officer. The RSUs vest over three years and were approved as a material inducement under Nasdaq rules. This move aims to incentivize leadership in advancing Rapid7's AI-driven cybersecurity platform.

Rapid7 Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
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Key Points

  • Rapid7 granted 525,000 RSUs to Chief Product and Technology Officer Dejan Deklich as an inducement for employment.
  • The RSUs vest over a three-year period, subject to continued employment.
  • The grant was approved by an independent Compensation Committee in compliance with Nasdaq rules.
  • The cybersecurity sector and technology markets are impacted due to leadership incentives possibly affecting company innovation and growth.

BOSTON, June 15, 2026 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a global leader in AI-powered managed cybersecurity operations, announced that the company granted an inducement award comprised of 525,000 restricted stock units (“RSUs”) on June 15, 2026, to Dejan Deklich, the Company’s Chief Product and Technology Officer, under Rapid7’s 2015 Equity Incentive Plan, as amended (the “Equity Plan”) pursuant to the Equity Plan’s inducement award share pool.

The RSUs vest over a three-year period with one-third (1/3) of the RSUs vesting on the one-year anniversary of the vesting commencement date and the remaining two-thirds (2/3) of the RSUs vesting in equal quarterly installments thereafter through the third anniversary of the vesting commencement date, subject to Mr. Deklich’s continued employment through each applicable vesting date.

The RSUs were unanimously approved by Rapid7’s Compensation Committee, which is independent within the meaning of Nasdaq Listing Rule 5605(a)(2), in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement for Mr. Deklich to commence employment with Rapid7.

About Rapid7
Rapid7, Inc. (NASDAQ: RPD) is a global leader in AI-powered managed cybersecurity operations, trusted to advance organizations’ cyber resilience. Open and extensible, the Rapid7 Command Platform integrates security data, enriching it with AI, threat intelligence, and 25 years of expertise and innovation to reduce risk and disrupt attackers. As a recognized leader in preemptive managed detection and response (MDR), Rapid7 unifies exposure and detection to transform the cybersecurity operations of more than 11,500 customers worldwide. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

Rapid7 Media Relations
Alice Randall
Director, Global Communications
[email protected]
(857) 216-7804

Rapid7 Investor Contact
Matt Wells
Vice President, Investor Relations
[email protected]
(617) 865-4277


Risks

  • The RSUs vest only if the executive remains employed, creating retention risk if leadership changes arise.
  • Inducement awards increase share dilution, potentially impacting shareholder value.
  • Execution risk remains on the company's ability to leverage leadership incentives into tangible operational and financial performance gains.

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