02:39 PM EDT, 03/24/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Rapid7 ( RPD ) shares were up 4% in recent trading on Monday after the company said it will appoint three new board members under a cooperation agreement that it entered into with Jana Partners Management.

The company said the appointments of Wael Mohamed, Michael Burns and Kevin Galligan will increase the size of its board to 11 from eight members.

Among other things, the cooperation agreement provides that Jana will support all of Rapid7's ( RPD ) board nominees at its annual shareholder meeting, the company said.

Price: 29.44, Change: +1.15, Percent Change: +4.07