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

Role
President and CEO, Director
Signature
/s/ Raymond Hum, Attorney in Fact
Stock symbol
NTNX
Transactions as of
Mar 15, 2023
Transactions value $
-$1,172,915
Form type
4
Date filed
3/17/2023, 04:45 PM
Previous filing
Dec 22, 2022
Next filing
Jun 20, 2023

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 +7.62% $0.00 334K Mar 15, 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +58.4K +17.5% $0.00 392K Mar 15, 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +8.63K +2.2% $0.00 401K Mar 15, 2023 Direct
transaction NTNX Class A Common Stock Options Exercise $0 +17.2K +4.29% $0.00 418K Mar 15, 2023 Direct
transaction NTNX Class A Common Stock Tax liability -$1.17M -47.4K -11.34% $24.72 371K Mar 15, 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 -23.7K -12.5% $0.00 166K Mar 15, 2023 Class A Common Stock 23.7K Direct F2, F3
transaction NTNX Restricted Stock Units Options Exercise $0 -58.4K -12.5% $0.00 409K Mar 15, 2023 Class A Common Stock 58.4K Direct F2, F4
transaction NTNX Restricted Stock Units Options Exercise $0 -8.63K -9.09% $0.00 86.3K Mar 15, 2023 Class A Common Stock 8.63K Direct F2, F5
transaction NTNX Restricted Stock Units Options Exercise $0 -17.2K -6.67% $0.00 241K Mar 15, 2023 Class A Common Stock 17.2K 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.