Rajiv Ramaswami - 07 Jan 2024 Form 4 Insider Report for Nutanix, Inc. (NTNX)

Role
President and CEO, Director
Signature
/s/ Raymond Hum, Attorney in Fact
Issuer symbol
NTNX
Transactions as of
07 Jan 2024
Net transactions value
$0
Form type
4
Filing time
09 Jan 2024, 18:03:02 UTC
Previous filing
18 Dec 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

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 Performance-Based Restricted Stock Units Award $0 +238,398 $0.000000 238,398 07 Jan 2024 Class A Common Stock 238,398 Direct F1, F2
transaction NTNX Performance-Based Restricted Stock Units Award $0 +327,083 $0.000000 327,083 07 Jan 2024 Class A Common Stock 327,083 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-Based Restricted Stock Unit, or PRSU, represents a contingent right to receive one share of Issuer's Class A common stock.
F2 Reflects shares that the Reporting Person would receive upon settlement of the PRSUs at the target level of performance, provided that the actual number of PRSUs that would become eligible to vest range from 0% to 200% of the target number of PRSUs based on actual achievement. PRSUs would become eligible to vest upon achievement of the following stock price hurdles at any time during the period beginning on the grant date and ending on July 31, 2027: (i) 100% for a stock price hurdle of $70, (ii) 150% for a stock price hurdle of $80, and (iii) 200% for a stock price hurdle of $90. A stock price hurdle would be achieved only if the average closing price of the Issuer's Class A common stock is equal to or greater than the hurdle for 90 consecutive calendar days. If PRSUs become eligible to vest, the eligible PRSUs would vest on September 15, 2027, subject to the Reporting Person's continued employment as Chief Executive Officer through the vesting date.
F3 Reflects shares that the Reporting Person would receive upon settlement of the PRSUs at the target level of performance, provided that the actual number of PRSUs that would become eligible to vest range from 0% to 200% of the target number of PRSUs based on actual achievement. PRSUs would become eligible to vest upon achievement of certain annual recurring revenue hurdles as of July 31, 2027 and/or certain free cash flow hurdles for the last four completed fiscal quarters ending on July 31, 2027. If PRSUs become eligible to vest, the eligible PRSUs would vest on September 15, 2027, subject to the Reporting Person's continued employment as Chief Executive Officer through the vesting date.