Rapid7, Inc. 8-KCurrent Reports (8-K / ad hoc)

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Item 2.05 Costs Associated with Exit or Disposal Activities. On August 7, 2026 , the board of directors of the Company approved a restructuring plan that is designed to simplify the Company's operations, align resources and investments with its core platform, and create capacity to reinvest in capabilities and solutions that improve the customer experience and strengthen the Company's competitive position (collectively, the “ 2026 Restructuring Plan ”). The 2026 Restructuring Plan includes a reduction of the Company’s workforce by approximately 12%. The Company estimates that it will incur approximately $10-$11 million in charges in connection with the 2026 Restructuring Plan, consisting primarily of cash charges for employee transition, notice period and severance payments, employee benefits and related facilitation costs. The Company also expects to incur certain non-cash charges, including in connection with the accelerated vesting of share-based awards, which it does not expect to be significant. The Company expects that the majority of the restructuring charges will be incurred in the third and fourth quarters of 2026 and that the execution of the 2026 Restructuring Plan, including cash payments, will be substantially complete by the end of the fourth quarter of 2026. Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process beyond the fourth quarter of 2026 in certain countries. The charges that we expect to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ materially from the estimates disclosed above. Cautionary Language Concerning Forward-Looking Statements This Current Report on Form 8-K includes forward-looking st atements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the 2026 Restructuring Plan, including the expected timing of its completion, the amount and timing of expected charges, the expected benefits of the 2026 Restructuring Plan, and our strategy, business plans and focus. Our use of the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. The events described in o