Brandi Galvin Morandi - Mar 6, 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
Mar 6, 2024
Transactions value $
-$623,081
Form type
4
Date filed
3/8/2024, 04:23 PM
Previous filing
Feb 20, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQIX Common Stock Options Exercise $0 +690 +4.61% $0.00 15.6K Mar 6, 2024 Direct
transaction EQIX Common Stock Sale -$157K -174 -1.11% $900.27 15.5K Mar 7, 2024 Direct F1, F2
transaction EQIX Common Stock Sale -$91.9K -102 -0.66% $901.11 15.4K Mar 7, 2024 Direct F1, F3
transaction EQIX Common Stock Sale -$123K -136 -0.89% $902.47 15.2K Mar 7, 2024 Direct F1, F4
transaction EQIX Common Stock Sale -$123K -136 -0.89% $903.80 15.1K Mar 7, 2024 Direct F1, F5
transaction EQIX Common Stock Sale -$97.9K -108 -0.72% $906.09 15K Mar 7, 2024 Direct F1, F6
transaction EQIX Common Stock Sale -$31K -34 -0.23% $912.10 15K Mar 7, 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 +690 $0.00 690 Mar 6, 2024 Common Stock 690 $0.00 Direct F7, F8
transaction EQIX Restricted Stock Unit Options Exercise $0 -690 -100% $0.00* 0 Mar 6, 2024 Common Stock 690 $0.00 Direct F7, F8
transaction EQIX Restricted Stock Unit Award $0 +2.3K $0.00 2.3K Mar 7, 2024 Common Stock 2.3K $0.00 Direct F8, F9
* 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 sold pursuant to a 10b5-1 Trading Plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $899.73 to $900.62, 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 $900.97 to $901.24 inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $902.05 to $902.67 inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $903.37 to $904.08 inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $905.96 to $906.34 inclusive.
F7 Under the 2023 Annual Incentive Plan, subject to meeting performance criteria, the reporting person was eligible to receive a bonus to be paid in the form of fully-vested restricted stock units. The Compensation Committee has determined that the performance criteria were attained, and therefore 100% of the award was granted on March 6, 2024 as reported in this Form 4.
F8 Restricted stock unit award expires upon reporting person's termination of service.
F9 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, 2025 and an additional 33.33% of the RSUs will each vest on January 15, 2026 and January 15, 2027.