Scott Crenshaw - Jan 16, 2024 Form 4 Insider Report for EQUINIX INC (EQIX)

Role
EVP, GM Digital Services
Signature
/s/ Samantha Lagocki, POA
Stock symbol
EQIX
Transactions as of
Jan 16, 2024
Transactions value $
-$307,124
Form type
4
Date filed
1/18/2024, 04:57 PM
Previous filing
Sep 7, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQIX Common Stock Options Exercise $0 +932 +23300% $0.00 936 Jan 16, 2024 Direct
transaction EQIX Common Stock Sale -$48.1K -60 -6.41% $802.41 876 Jan 17, 2024 Direct F1
transaction EQIX Common Stock Sale -$24.1K -30 -3.42% $804.67 846 Jan 17, 2024 Direct F1, F2
transaction EQIX Common Stock Sale -$101K -125 -14.78% $807.53 721 Jan 17, 2024 Direct F1, F3
transaction EQIX Common Stock Sale -$44.5K -55 -7.63% $809.74 666 Jan 17, 2024 Direct F1, F4
transaction EQIX Common Stock Sale -$16.2K -20 -3% $810.94 646 Jan 17, 2024 Direct F1, F5
transaction EQIX Common Stock Sale -$48.7K -60 -9.29% $812.32 586 Jan 17, 2024 Direct F1, F6
transaction EQIX Common Stock Sale -$12.2K -15 -2.56% $812.97 571 Jan 17, 2024 Direct F1
transaction EQIX Common Stock Sale -$12.2K -15 -2.63% $813.99 556 Jan 17, 2024 Direct F1

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 EQIX Restricted Stock Unit Options Exercise $0 -932 -33.36% $0.00 1.86K Jan 16, 2024 Common Stock 932 $0.00 Direct F7, 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 Shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax pursuant to the vesting of RSUs.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $804.61 to $804.73, inclusive. The reporting person undertakes to provide to Equinix, Inc, any security holder of Equinix Inc, 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 ranges set forth in footnotes 3 through 6 to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $806.95 to $807.88 inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $809.21 to $810.15 inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $810.25 to $811.17 inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $811.89 to $812.66 inclusive.
F7 Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2024 and an additional 33.33% of the RSUs will each vest on January 15, 2025 and January 15, 2026.
F8 Restricted stock unit award expires upon reporting person's termination of service.