<SEC-DOCUMENT>0001810019-25-000015.txt : 20250226
<SEC-HEADER>0001810019-25-000015.hdr.sgml : 20250226
<ACCEPTANCE-DATETIME>20250226205035
ACCESSION NUMBER:		0001810019-25-000015
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240225
FILED AS OF DATE:		20250226
DATE AS OF CHANGE:		20250226

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Marino Mark A.
		CENTRAL INDEX KEY:			0001892103
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39420
		FILM NUMBER:		25672397

	MAIL ADDRESS:	
		STREET 1:		1 FANATICAL PLACE
		STREET 2:		CITY OF WINDCREST
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78218

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Rackspace Technology, Inc.
		CENTRAL INDEX KEY:			0001810019
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				813369925
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1 FANATICAL PLACE
		STREET 2:		CITY OF WINDCREST
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78218
		BUSINESS PHONE:		1-800-961-4454

	MAIL ADDRESS:	
		STREET 1:		1 FANATICAL PLACE
		STREET 2:		CITY OF WINDCREST
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78218

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Rackspace Corp.
		DATE OF NAME CHANGE:	20200417
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1740621028.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-02-25</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001810019</issuerCik>
        <issuerName>Rackspace Technology, Inc.</issuerName>
        <issuerTradingSymbol>RXT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001892103</rptOwnerCik>
            <rptOwnerName>Marino Mark A.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O RACKSPACE TECHNOLOGY, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1718 DRY CREEK WAY, SUITE 115</rptOwnerStreet2>
            <rptOwnerCity>SAN ANTONIO</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78259-1837</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>1</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-02-24</value>
                <footnoteId id="F1"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>202230</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.61</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1713126</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-02-25</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F4"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>376478</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2089604</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">This transaction was executed in multiple trades from 2/24/25-2/26/35 at prices ranging from $2.54 to $2.81. The price reported above reflects the weighted average sale price.  The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the Issuer or a security holder of the Issuer.</footnote>
        <footnote id="F2">Reflects the number of shares of common stock that were sold in a &quot;sell to cover&quot; transaction for the sole purpose of satisfying tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.</footnote>
        <footnote id="F3">This transaction was made pursuant to a Rule 10b5-1 trading plan in the form of a durable sell-to-cover instruction adopted by the reporting person on September 12, 2023. The trading plan provides for the automatic sale of shares of common stock necessary to satisfy the reporting person's tax withholding obligations incurred in connection with the vesting or settlement of restricted stock units.</footnote>
        <footnote id="F4">The reporting person was granted an award of 564,716 performance stock units (&quot;PSUs&quot;) on February 21, 2024. The PSU award agreement provided that the PSUs will vest in three equal tranches over three years, subject to the Company's relative total shareholder return performance compared to a pre-determined peer group over one-, two- and three- year performance periods, respectively. This award represents the vesting of the first tranche of 188,238 target shares. On February 25, 2025, the Compensation Committee of the Issuer certified the Company's relative total stockholder performance for the first performance period (January 1, 2024 through December 31, 2024) at the maximum level, with 200% of the target shares in the first tranche being earned (or 376,478 shares). The service-based vesting condition applicable to the first tranche of the PSUs was satisfied as of January 31, 2025.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Sarah Alexander, by power of attorney from Mark Marino</signatureName>
        <signatureDate>2025-02-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
