Kurt Pletcher - Feb 18, 2025 Form 4 Insider Report for EQUINIX INC (EQIX)

Role
Chief Legal Officer
Signature
/s/ Samantha Lagocki, POA
Stock symbol
EQIX
Transactions as of
Feb 18, 2025
Transactions value $
-$610,462
Form type
4
Date filed
2/20/2025, 04:25 PM
Previous filing
Jan 17, 2025
Next filing
Mar 5, 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 Sale -$200K -215 -14.73% $929.73 1.25K Feb 18, 2025 Direct F1
transaction EQIX Common Stock Options Exercise $0 +229 +18.39% $0.00 1.47K Feb 18, 2025 Direct
transaction EQIX Common Stock Options Exercise $0 +778 +52.78% $0.00 2.25K Feb 18, 2025 Direct
transaction EQIX Common Stock Sale -$411K -441 -19.58% $931.00 1.81K Feb 19, 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 Unit Award $0 +1.56K $0.00 1.56K Feb 18, 2025 Common Stock 1.56K $0.00 Direct F3, F4
transaction EQIX Restricted Stock Units Options Exercise $0 -229 -50% $0.00 229 Feb 18, 2025 Common Stock 229 $0.00 Direct F4, F5
transaction EQIX Restricted Stock Unit Options Exercise $0 -778 -50.03% $0.00 777 Feb 18, 2025 Common Stock 778 $0.00 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 30 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 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.