Equinix (NASDAQ: EQIX) director converts 255 RSUs into Common Stock

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Equinix director Yanbing Li acquired 255 shares of Common Stock through the exercise of restricted stock units. On May 21, 2026, 255 Restricted Stock Units converted into 255 Common Stock shares at a price of $0.00 per share, leaving Li with 255 shares held directly and no remaining units from this award. The footnotes explain that the restricted stock unit award vests based on continued service and can expire upon termination of service, indicating this is a routine, compensation-related equity vesting rather than an open-market purchase or sale.

Insider Trade Summary

255 shares exercised/converted

Mixed 2 txns

Insider Li Yanbing

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	255	$0.00	--
Exercise	Common Stock	255	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 255 shares (Direct, null)

Footnotes (1)

The Restricted Stock Units shall vest on the earlier of (i) May 21, 2026 or (ii) if the reporting person does not stand for re-election as a director of the Company, the date of the regular meeting of the Company's stockholders held in the calendar year subsequent to the grant date; provided that, in either case, the reporting person remains in continuous Service through such vesting date. Restricted stock unit award expires upon reporting person's termination of service.

Key Figures

Common shares acquired: 255 shares RSUs exercised: 255 units Exercise price: $0.00 per share +3 more

6 metrics

Common shares acquired 255 shares Common Stock acquired via RSU conversion on May 21, 2026

RSUs exercised 255 units Restricted Stock Units converted into Common Stock

Exercise price $0.00 per share Price per share for RSU conversion

Shares held after transaction 255 shares Total Common Stock directly held following exercise

Exercise transactions 1 transaction Derivative exercise or conversion events in this filing

Net buy/sell shares 0 shares No net open-market buying or selling reported

Key Terms

Restricted Stock Units, Exercise or conversion of derivative security, termination of service, Common Stock

4 terms

Restricted Stock Units financial

"The Restricted Stock Units shall vest on the earlier of (i) May 21, 2026..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

termination of service financial

"Restricted stock unit award expires upon reporting person's termination of service."

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 07:06 PM

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).

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^*

Li Yanbing

(Last)

(First)

(Middle)

C/O EQUINIX INC

ONE LAGOON DRIVE

(Street)

REDWOOD CITY

CALIFORNIA

94065

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EQUINIX INC [ EQIX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		M		255	A	$0	255	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	05/21/2026		M			255	⁽¹⁾	⁽²⁾	Common Stock	255	$0	0	D

Explanation of Responses:

1. The Restricted Stock Units shall vest on the earlier of (i) May 21, 2026 or (ii) if the reporting person does not stand for re-election as a director of the Company, the date of the regular meeting of the Company's stockholders held in the calendar year subsequent to the grant date; provided that, in either case, the reporting person remains in continuous Service through such vesting date.

2. Restricted stock unit award expires upon reporting person's termination of service.

	/s/ Samantha Lagocki, POA	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Equinix (EQIX) director Yanbing Li report?

Yanbing Li reported acquiring 255 shares of Equinix Common Stock through the exercise of 255 Restricted Stock Units at $0.00 per share. This reflects equity compensation vesting rather than an open-market stock purchase or sale.

How many Equinix (EQIX) shares does Yanbing Li hold after this Form 4?

After the transaction, Yanbing Li holds 255 shares of Equinix Common Stock directly. These shares came from the conversion of 255 Restricted Stock Units, and the filing shows no remaining units from this specific award.

What does the Restricted Stock Unit transaction mean for Equinix (EQIX) investors?

The transaction shows a routine conversion of 255 Restricted Stock Units into Common Stock as part of director compensation. It does not involve an open-market buy or sale and is typical for equity-based incentives granted to board members.

Were any Equinix (EQIX) shares sold in this Form 4 filing?

No shares were sold in this filing. The Form 4 records the exercise and conversion of 255 Restricted Stock Units into 255 shares of Common Stock at $0.00 per share, with no reported open-market sales or disposals.

How do the vesting terms affect Yanbing Li’s Equinix (EQIX) Restricted Stock Units?

The footnotes state the Restricted Stock Units vest based on continued service and may vest on a specified future date or at a regular stockholder meeting. They also expire upon termination of service, underscoring their role as service-based compensation.