David Sangster - 15 Dec 2023 Form 4 Insider Report for Nutanix, Inc. (NTNX)

Role
Chief Operating Officer
Signature
/s/ Raymond Hum, Attorney in Fact
Issuer symbol
NTNX
Transactions as of
15 Dec 2023
Net transactions value
-$1,045,369
Form type
4
Filing time
18 Dec 2023, 19:10:59 UTC
Previous filing
27 Sep 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTNX Class A Common Stock Options Exercise $0 +11,787 +18% $0.000000 78,657 15 Dec 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +3,020 +3.8% $0.000000 81,677 15 Dec 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +6,250 +7.7% $0.000000 87,927 15 Dec 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +3,176 +3.6% $0.000000 91,103 15 Dec 2023 Direct
transaction NTNX Class A Common Stock Tax liability $556,581 -12,016 -13% $46.32 79,087 15 Dec 2023 Direct F1
transaction NTNX Class A Common Stock Sale $488,788 -10,616 -13% $46.04 68,471 18 Dec 2023 Direct F2, F3

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 Options Exercise $0 -11,787 -25% $0.000000 35,363 15 Dec 2023 Class A Common Stock 11,787 Direct F4, F5
transaction NTNX Restricted Stock Units Options Exercise $0 -3,020 -13% $0.000000 21,138 15 Dec 2023 Class A Common Stock 3,020 Direct F4, F6
transaction NTNX Restricted Stock Units Options Exercise $0 -6,250 -8.3% $0.000000 68,750 15 Dec 2023 Class A Common Stock 6,250 Direct F4, F7
transaction NTNX Restricted Stock Units Options Exercise $0 -3,176 -6.2% $0.000000 47,654 15 Dec 2023 Class A Common Stock 3,176 Direct F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligations arising from the vesting of Reporting Person's Restricted Stock Units, or RSUs.
F2 This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $45.85 to $46.31 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock.
F5 The RSUs vest in 16 equal quarterly installments, with the first of such quarterly installments having vested on December 15, 2020, subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.
F6 The RSUs vest in 16 equal quarterly installments, with the first of such quarterly installments having vested on December 15, 2021, subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.
F7 The RSUs vest in 16 equal quarterly installments, with the first of such quarterly installments having vested on December 15, 2022, subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.
F8 The RSUs vest in 16 equal quarterly installments, with the first of such quarterly installments having vested on December 15, 2023, subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.