Brandi Galvin Morandi - Feb 12, 2024 Form 4 Insider Report for EQUINIX INC (EQIX)

Role
Chief Legal and HR Officer
Signature
/s/ Samantha Lagocki, POA
Stock symbol
EQIX
Transactions as of
Feb 12, 2024
Transactions value $
-$607,137
Form type
4
Date filed
2/14/2024, 07:40 PM
Previous filing
Jan 18, 2024
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQIX Common Stock Options Exercise $0 +1.38K +10.29% $0.00 14.7K Feb 12, 2024 Direct
transaction EQIX Common Stock Sale -$24.8K -30 -0.2% $828.04 14.7K Feb 13, 2024 Direct F1
transaction EQIX Common Stock Sale -$99.6K -120 -0.82% $830.35 14.6K Feb 13, 2024 Direct F1, F2
transaction EQIX Common Stock Sale -$76.5K -92 -0.63% $831.87 14.5K Feb 13, 2024 Direct F1, F3
transaction EQIX Common Stock Sale -$188K -226 -1.56% $832.88 14.3K Feb 13, 2024 Direct F1, F4
transaction EQIX Common Stock Sale -$125K -150 -1.05% $834.03 14.1K Feb 13, 2024 Direct F1, F5
transaction EQIX Common Stock Sale -$67.7K -81 -0.57% $835.74 14K Feb 13, 2024 Direct F1, F6
transaction EQIX Common Stock Sale -$25.1K -30 -0.21% $836.38 14K Feb 13, 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 Award $0 +2.75K $0.00 2.75K Feb 12, 2024 Common Stock 2.75K $0.00 Direct F7, F8
transaction EQIX Restricted Stock Unit Options Exercise $0 -1.38K -50.02% $0.00 1.37K Feb 12, 2024 Common Stock 1.38K $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 $830.26 to $830.45, 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 $831.43 to $832.25 inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $832.45 to $833.27 inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $833.50 to $834.33 inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $835.35 to $836.07 inclusive.
F7 On February 14, 2023, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2023. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 12, 2024, 25% will vest on February 15, 2025 and the remaining 25% will vest on February 15, 2026, subject solely to continued service.
F8 Restricted stock unit award expires upon reporting person's termination of service.