Rajiv Ramaswami - Aug 28, 2023 Form 4 Insider Report for Nutanix, Inc. (NTNX)

Role
President and CEO, Director
Signature
/s/ Raymond Hum, Attorney in Fact
Stock symbol
NTNX
Transactions as of
Aug 28, 2023
Transactions value $
$0
Form type
4
Date filed
8/30/2023, 06:39 PM
Previous filing
Jun 20, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTNX Class A Common Stock Award $0 +46K +10.94% $0.00 467K Aug 28, 2023 Direct F1
transaction NTNX Class A Common Stock Award $0 +91.8K +19.66% $0.00 558K Aug 28, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTNX Restricted Stock Units Award $0 +254K $0.00 254K Aug 29, 2023 Class A Common Stock 254K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 11, 2021, the Reporting Person was granted performance-based restricted stock units ("FY 2022 PRSUs"). The FY 2022 PRSUs are eligible to vest in up to three installments based on the total shareholder return of the Issuer over one-, two- and three-year performance periods, each commencing on August 1, 2021, relative to the total shareholder return of companies in the NASDAQ Composite Index. On August 28, 2023, the Compensation Committee of the Issuer's Board of Directors determined that the achievement percentage for the second performance period was 150.9630%%, but, under the terms of the FY 2022 PRSUs, the achievement percentage was capped at 100%, resulting in these shares becoming eligible to vest on September 15, 2023, subject to the Reporting Person continuing to provide service to the Issuer through the vesting date.
F2 On August 25, 2022, the Reporting Person was granted performance-based restricted stock units ("FY 2023 PRSUs"). The FY 2023 PRSUs are eligible to vest in up to three installments based on the total shareholder return of the Issuer over one-, two- and three-year performance periods, each commencing on August 1, 2022, relative to the total shareholder return of companies in the NASDAQ Composite Index. On August 28, 2023, the Compensation Committee of the Issuer's Board of Directors determined that the achievement percentage for the first performance period was 200% but, under the terms of the FY 2023 PRSUs, the achievement percentage was capped at 100%, resulting in these shares becoming eligible to vest on September 15, 2023, subject to the Reporting Person continuing to provide service to the Issuer through the vesting date.
F3 Each Restricted Stock Unit, or RSU, represents a contingent right to receive one share of Issuer's Class A common stock.
F4 The RSUs will vest in 16 equal quarterly installments, with the first of such quarterly installments to vest on December 15, 2023, subject to the Reporting Person continuing to provide service to the Issuer through the applicable vesting date.