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Equinix (NASDAQ: EQIX) officer sells 118 shares to cover RSU taxes

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Equinix Inc. reported that Chief Customer & Revenue Officer Michael Shane Paladin received an award of 297 restricted stock units under the 2025 Annual Incentive Plan after performance criteria were fully attained. These RSUs were then converted into 297 shares of common stock on March 11, 2026.

On March 12, 2026, Paladin conducted open-market sales totaling 118 shares of Equinix common stock at prices around $960–$970 per share. According to the disclosure, these sales were made under a Rule 10b5-1 trading plan to raise funds to pay required withholding taxes related to the RSU vesting. Following the transactions, he directly owns 2,450.485 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider Paladin Michael Shane
Role Chief Customer & Rev Officer
Sold 118 shs ($114K)
Type Security Shares Price Value
Sale Common Stock 4 $958.14 $4K
Sale Common Stock 12 $960.50 $12K
Sale Common Stock 12 $962.55 $12K
Sale Common Stock 8 $964.05 $8K
Sale Common Stock 24 $968.0083 $23K
Sale Common Stock 52 $969.1223 $50K
Sale Common Stock 6 $969.8883 $6K
Grant/Award Restricted Stock Unit 297 $0.00 --
Exercise Restricted Stock Unit 297 $0.00 --
Exercise Common Stock 297 $0.00 --
Holdings After Transaction: Common Stock — 2,564.485 shares (Direct); Restricted Stock Unit — 297 shares (Direct)
Footnotes (1)
  1. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $960.18 to $961.13, inclusive. The reporting person undertakes to provide to Equinix, Inc, any security holder of Equinix Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3 through 7 to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $962.23 to $962.86 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $963.61 to $964.49 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.66 to $968.26 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.71 to $969.57 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $969.84 to $969.91 inclusive. Under the 2025 Annual Incentive Plan, subject to meeting performance criteria, the reporting person was eligible to receive a bonus to be paid in the form of fully-vested restricted stock units. The Compensation Committee has determined that the performance criteria were attained, and therefore 100% of the award was granted on March 11, 2026 as reported in this Form 4. Restricted stock unit award expires upon reporting person's termination of service.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Paladin Michael Shane
(Last) (First) (Middle)
C/O EQUINIX INC.
ONE LAGOON DRIVE
(Street)
REDWOOD CITY CA 94065
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EQUINIX INC [ EQIX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Customer & Rev Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/11/2026 M 297 A $0 2,568.485 D
Common Stock 03/12/2026 S(1) 4 D $958.14 2,564.485 D
Common Stock 03/12/2026 S(1) 12 D $960.5(2) 2,552.485 D
Common Stock 03/12/2026 S(1) 12 D $962.55(3) 2,540.485 D
Common Stock 03/12/2026 S(1) 8 D $964.05(4) 2,532.485 D
Common Stock 03/12/2026 S(1) 24 D $968.0083(5) 2,508.485 D
Common Stock 03/12/2026 S(1) 52 D $969.1223(6) 2,456.485 D
Common Stock 03/12/2026 S(1) 6 D $969.8883(7) 2,450.485 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $0 03/11/2026 A 297 (8) (9) Common Stock 297 $0 297 D
Restricted Stock Unit $0 03/11/2026 M 297 (8) (9) Common Stock 297 $0 0 D
Explanation of Responses:
1. 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.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $960.18 to $961.13, inclusive. The reporting person undertakes to provide to Equinix, Inc, any security holder of Equinix Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3 through 7 to this Form 4.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $962.23 to $962.86 inclusive.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $963.61 to $964.49 inclusive.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.66 to $968.26 inclusive.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.71 to $969.57 inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $969.84 to $969.91 inclusive.
8. Under the 2025 Annual Incentive Plan, subject to meeting performance criteria, the reporting person was eligible to receive a bonus to be paid in the form of fully-vested restricted stock units. The Compensation Committee has determined that the performance criteria were attained, and therefore 100% of the award was granted on March 11, 2026 as reported in this Form 4.
9. Restricted stock unit award expires upon reporting person's termination of service.
/s/ Samantha Lagocki, POA 03/13/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Equinix (EQIX) report for Michael Shane Paladin?

Equinix reported that Chief Customer & Revenue Officer Michael Shane Paladin received 297 restricted stock units, which were converted into common shares, and then sold 118 shares in open-market transactions to fund tax withholding obligations tied to the RSU vesting.

How many Equinix (EQIX) shares did Michael Shane Paladin sell and at what prices?

Michael Shane Paladin sold a total of 118 Equinix common shares in several open-market trades. The reported weighted average sale prices ranged from about $958.14 to $969.89 per share, with detailed price ranges described in the transaction footnotes.

Were the Equinix (EQIX) insider sales made under a Rule 10b5-1 trading plan?

Yes. The filing states that the Equinix shares were sold pursuant to a Rule 10b5-1 trading plan. It explains that the purpose of these planned sales was to raise funds to pay the required withholding taxes arising from the vesting of restricted stock units.

What RSU award did Michael Shane Paladin receive from Equinix (EQIX)?

Paladin was granted 297 restricted stock units under Equinix’s 2025 Annual Incentive Plan. The Compensation Committee determined that the performance criteria were fully attained, resulting in 100% of the award being granted and then converted into 297 shares of common stock on March 11, 2026.

How many Equinix (EQIX) shares does Michael Shane Paladin own after these transactions?

After the RSU conversion and subsequent open-market sales, Michael Shane Paladin directly owns 2,450.485 shares of Equinix common stock. This post-transaction holding figure is reported in the Form 4 and reflects his remaining direct equity position following the disclosed trades.

Why did Michael Shane Paladin sell Equinix (EQIX) shares after receiving RSUs?

The disclosure explains that Paladin’s sales were made to raise cash to pay required withholding taxes related to the vesting of his restricted stock units. The transactions occurred under a pre-established Rule 10b5-1 trading plan rather than as discretionary, ad hoc market sales.