Were Abdel Raouf’s Equinix (EQIX) share sales discretionary or pre-planned?

The filing specifies that the sales were conducted pursuant to a Rule 10b5-1 trading plan. Such plans are pre-arranged trading programs that schedule future stock transactions in advance, reducing the role of discretionary timing by the executive involved.

[Form 4] EQUINIX INC Insider Trading Activity

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Equinix Inc. EVP of Global Operations Abdel Raouf reported routine compensation-related transactions. On March 11, 2026, he received and immediately converted 584 restricted stock units into an equal number of common shares after the Compensation Committee confirmed performance targets under the 2025 Annual Incentive Plan were fully met.

On March 12, 2026, he then executed open-market sales totaling 584 common shares at weighted-average prices between about $957 and $970 per share, pursuant to a pre-arranged Rule 10b5-1 trading plan to raise funds for required withholding taxes on the RSU vesting. After these sales, he directly owned 7,768.409 common shares of Equinix as of March 12, 2026.

Insider Trade Summary 10b5-1

Net Seller: 584 shares ($563,961)

Net Sell 14 txns

Insider Abdel Raouf

Role EVP, Global Operations

Sold 584 shs ($564K)

Type	Security	Shares	Price	Value
Sale	Common Stock	17	$958.0048	$16K
Sale	Common Stock	29	$959.004	$28K
Sale	Common Stock	21	$960.1291	$20K
Sale	Common Stock	48	$961.1728	$46K
Sale	Common Stock	39	$962.5967	$38K
Sale	Common Stock	16	$963.7176	$15K
Sale	Common Stock	34	$965.3438	$33K
Sale	Common Stock	37	$966.1606	$36K
Sale	Common Stock	172	$967.4416	$166K
Sale	Common Stock	105	$968.2977	$102K
Sale	Common Stock	66	$969.1412	$64K
Grant/Award	Restricted Stock Unit	584	$0.00	--
Exercise	Restricted Stock Unit	584	$0.00	--
Exercise	Common Stock	584	$0.00	--

Holdings After Transaction: Common Stock — 8,335.409 shares (Direct); Restricted Stock Unit — 584 shares (Direct)

Footnotes (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 $957.55 to $958.48, 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 12 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 $958.59 to $959.455 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $959.625 to $960.4200 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $960.875 to $961.59 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $962.13 to $963.00 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $963.395 to $964.00 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $964.71 to $965.70 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $965.78 to $966.74 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $966.805 to $967.78 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.84 to $968.77 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.87 to $969.80 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 →

03/13/2026 - 04:04 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^*

Abdel Raouf

(Last)

(First)

(Middle)

C/O EQUINIX. INCE.

ONE LAGOON DRIVE

(Street)

REDWOOD CITY

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)
	EVP, Global Operations

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)
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	03/11/2026		M		584	A	$0	8,352.409	D
Common Stock	03/12/2026		S⁽¹⁾		17	D	$958.0048⁽²⁾	8,335.409	D
Common Stock	03/12/2026		S⁽¹⁾		29	D	$959.004⁽³⁾	8,306.409	D
Common Stock	03/12/2026		S⁽¹⁾		21	D	$960.1291⁽⁴⁾	8,285.409	D
Common Stock	03/12/2026		S⁽¹⁾		48	D	$961.1728⁽⁵⁾	8,237.409	D
Common Stock	03/12/2026		S⁽¹⁾		39	D	$962.5967⁽⁶⁾	8,198.409	D
Common Stock	03/12/2026		S⁽¹⁾		16	D	$963.7176⁽⁷⁾	8,182.409	D
Common Stock	03/12/2026		S⁽¹⁾		34	D	$965.3438⁽⁸⁾	8,148.409	D
Common Stock	03/12/2026		S⁽¹⁾		37	D	$966.1606⁽⁹⁾	8,111.409	D
Common Stock	03/12/2026		S⁽¹⁾		172	D	$967.4416⁽¹⁰⁾	7,939.409	D
Common Stock	03/12/2026		S⁽¹⁾		105	D	$968.2977⁽¹¹⁾	7,834.409	D
Common Stock	03/12/2026		S⁽¹⁾		66	D	$969.1412⁽¹²⁾	7,768.409	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 Unit	$0	03/11/2026		A		584		⁽¹³⁾	⁽¹⁴⁾	Common Stock	584	$0	584	D
Restricted Stock Unit	$0	03/11/2026		M			584	⁽¹³⁾	⁽¹⁴⁾	Common Stock	584	$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 $957.55 to $958.48, 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 12 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 $958.59 to $959.455 inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $959.625 to $960.4200 inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $960.875 to $961.59 inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $962.13 to $963.00 inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $963.395 to $964.00 inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $964.71 to $965.70 inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $965.78 to $966.74 inclusive.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $966.805 to $967.78 inclusive.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.84 to $968.77 inclusive.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.87 to $969.80 inclusive.

13. 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.

14. 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) EVP Abdel Raouf report on this Form 4?

Abdel Raouf reported receiving 584 restricted stock units, converting them into 584 common shares, then selling 584 shares in multiple open-market transactions. These trades occurred on March 11 and March 12, 2026, and were tied to his annual incentive compensation.

How many Equinix (EQIX) shares did the EVP sell and at what prices?

He sold 584 Equinix common shares in a series of open-market trades. The weighted-average sale prices reported ranged from about $957.55 to $969.80 per share, with specific price ranges detailed across multiple footnotes in the Form 4 filing.

Why did Equinix EVP Abdel Raouf sell shares according to the Form 4 footnotes?

The footnotes state the shares were sold under a Rule 10b5-1 trading plan to raise funds for required withholding taxes. Those tax obligations arose from the vesting of his restricted stock units granted under Equinix’s 2025 Annual Incentive Plan.

What RSU award did Abdel Raouf receive from Equinix (EQIX) under the 2025 plan?

He became eligible for a bonus payable in fully vested restricted stock units under the 2025 Annual Incentive Plan. After the Compensation Committee determined performance criteria were fully met, he was granted 584 RSUs on March 11, 2026, which were immediately converted into common shares.

How many Equinix (EQIX) shares does the EVP own after these Form 4 transactions?

Following the reported transactions, Abdel Raouf directly owned 7,768.409 Equinix common shares. This post-transaction holding reflects the RSU conversion into common stock and the subsequent sale of 584 shares to cover tax-related obligations described in the filing footnotes.