Rajiv Ramaswami - 15 Mar 2023 Form 4 Insider Report for Nutanix, Inc. (NTNX)

Role
President and CEO, Director
Signature
/s/ Raymond Hum, Attorney in Fact
Issuer symbol
NTNX
Transactions as of
15 Mar 2023
Net transactions value
-$1,172,915
Form type
4
Filing time
17 Mar 2023, 16:45:05 UTC
Previous filing
22 Dec 2022
Next filing
20 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTNX Class A Common Stock Options Exercise $0 +23,662 +7.6% $0.000000 334,010 15 Mar 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +58,446 +17% $0.000000 392,456 15 Mar 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +8,627 +2.2% $0.000000 401,083 15 Mar 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +17,206 +4.3% $0.000000 418,289 15 Mar 2023 Direct
transaction NTNX Class A Common Stock Tax liability $1,172,915 -47,448 -11% $24.72 370,841 15 Mar 2023 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 -23,662 -12% $0.000000 165,639 15 Mar 2023 Class A Common Stock 23,662 Direct F2, F3
transaction NTNX Restricted Stock Units Options Exercise $0 -58,446 -12% $0.000000 409,126 15 Mar 2023 Class A Common Stock 58,446 Direct F2, F4
transaction NTNX Restricted Stock Units Options Exercise $0 -8,627 -9.1% $0.000000 86,279 15 Mar 2023 Class A Common Stock 8,627 Direct F2, F5
transaction NTNX Restricted Stock Units Options Exercise $0 -17,206 -6.7% $0.000000 240,890 15 Mar 2023 Class A Common Stock 17,206 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares surrendered 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.
F6 The RSUs vest in 16 equal quarterly installments, with the first of such quarterly installments having vested on December 15, 2022, subject to the Reporting Person continuing to provide service to the Issuer through each vesting date.