Rajiv Ramaswami - Jun 15, 2022 Form 4 Insider Report for Nutanix, Inc. (NTNX)

Role
President and CEO, Director
Signature
/s/ Carmen Elliott, Attorney in Fact
Stock symbol
NTNX
Transactions as of
Jun 15, 2022
Transactions value $
-$700,372
Form type
4
Date filed
6/17/2022, 06:50 PM
Previous filing
Jun 3, 2022
Next filing
Jun 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTNX Class A Common Stock Options Exercise $0 +23.7K +12.95% $0.00 206K Jun 15, 2022 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +58.4K +28.31% $0.00 265K Jun 15, 2022 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +8.63K +3.26% $0.00 274K Jun 15, 2022 Direct
transaction NTNX Class A Common Stock Sale -$700K -50.1K -18.33% $13.97 223K Jun 16, 2022 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 NTNX Restricted Stock Units Options Exercise $0 -23.7K -9.09% $0.00 237K Jun 15, 2022 Class A Common Stock 23.7K Direct F2, F3
transaction NTNX Restricted Stock Units Options Exercise $0 -58.4K -9.09% $0.00 584K Jun 15, 2022 Class A Common Stock 58.4K Direct F2, F4
transaction NTNX Restricted Stock Units Options Exercise $0 -8.63K -7.14% $0.00 112K Jun 15, 2022 Class A Common Stock 8.63K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover the tax liability arising from the vesting of Reporting Person's Restricted Stock Units, or RSUs.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock.
F3 The RSUs vested as to 25% of the underlying shares on December 15, 2021, with 1/16th of the remaining shares vesting quarterly thereafter subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.
F4 As previously reported, on December 9, 2020, the Reporting Person was granted a target number of 703,117 performance-based RSUs ("PRSUs") subject to two stock price milestones. 133% of the target number of PRSUs became eligible to vest upon achievement of both milestones. The eligible PRSUs vested as to 25% of the underlying shares on December 15, 2021, with 1/16th of the remaining shares vesting quarterly thereafter, subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.
F5 The RSUs vest in 16 equal quarterly installments, with the first of such quarterly installments having vested on December 15, 2021, subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.