Raouf Abdel - 18 Feb 2025 Form 4 Insider Report for EQUINIX INC (EQIX)

Role
EVP, Global Operations
Signature
/s/ Samantha Lagocki, POA
Issuer symbol
EQIX
Transactions as of
18 Feb 2025
Net transactions value
-$917,966
Form type
4
Filing time
20 Feb 2025, 16:17:45 UTC
Previous filing
17 Jan 2025
Next filing
12 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EQIX Common Stock Options Exercise $0 +716 +11% $0.000000 7,323 18 Feb 2025 Direct F1
transaction EQIX Common Stock Options Exercise $0 +516 +7% $0.000000 7,839 18 Feb 2025 Direct
transaction EQIX Common Stock Options Exercise $0 +1,037 +13% $0.000000 8,876 18 Feb 2025 Direct
transaction EQIX Common Stock Sale $917,966 -986 -11% $931.00 7,890 19 Feb 2025 Direct F2

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 Units Award $0 +2,073 $0.000000 2,073 18 Feb 2025 Common Stock 2,073 $0.000000 Direct F3, F4
transaction EQIX Restricted Stock Units Options Exercise $0 -716 -100% $0.000000 0 18 Feb 2025 Common Stock 716 $0.000000 Direct F4, F5
transaction EQIX Restricted Stock Units Options Exercise $0 -516 -50% $0.000000 515 18 Feb 2025 Common Stock 516 $0.000000 Direct F4, F6
transaction EQIX Restricted Stock Units Options Exercise $0 -1,037 -50% $0.000000 1,036 18 Feb 2025 Common Stock 1,037 $0.000000 Direct F3, F4
* 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 Includes 28 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 14, 2025.
F2 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.
F3 On March 7, 2024 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 2024. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2025, 25% will vest on February 15, 2026 and the remaining 25% will vest on February 15, 2027, subject solely to continued service.
F4 Restricted stock unit award expires upon reporting person's termination of service.
F5 On February 23, 2022, 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 2022. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2023, 25% vested on February 15, 2024 and the remaining 25% will vest on February 15, 2025, subject solely to continued service.
F6 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.