Equinix (EQIX) CEO sells 4,230 shares and gains major RSU grants

Rhea-AI Filing Summary

Equinix Inc. CEO and President Adaire Fox-Martin reported a mix of stock sales and equity awards. On February 18, 2026, she completed open-market sales totaling 4,230 common shares at weighted-average prices ranging from about $925 to $944 per share under a Rule 10b5-1 trading plan to raise funds for required withholding taxes tied to vesting restricted stock units. Following these sales, she directly held 18,625.661 common shares. On February 17, 2026, she acquired equity through compensation: 10,594 performance-based restricted stock units were granted, and 2,669 and 5,297 restricted stock units were converted into the same number of common shares. A footnote also notes the acquisition of 32.243 shares through the employee stock purchase plan on February 13, 2026.

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
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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^*

Fox-Martin Adaire

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		M		2,669	A	$0	17,558.661(1)	D
Common Stock	02/17/2026		M		5,297	A	$0	22,855.661	D
Common Stock	02/18/2026		S(2)		101	D	$925.5764(3)	22,754.661	D
Common Stock	02/18/2026		S(2)		806	D	$926.7666(4)	21,948.661	D
Common Stock	02/18/2026		S(2)		403	D	$927.3414(5)	21,545.661	D
Common Stock	02/18/2026		S(2)		506	D	$928.6281(6)	21,039.661	D
Common Stock	02/18/2026		S(2)		174	D	$929.3094(7)	20,865.661	D
Common Stock	02/18/2026		S(2)		280	D	$930.431(8)	20,585.661	D
Common Stock	02/18/2026		S(2)		200	D	$932.083(9)	20,385.661	D
Common Stock	02/18/2026		S(2)		120	D	$933.7598(10)	20,265.661	D
Common Stock	02/18/2026		S(2)		120	D	$934.3334(11)	20,145.661	D
Common Stock	02/18/2026		S(2)		114	D	$936.9416(12)	20,031.661	D
Common Stock	02/18/2026		S(2)		86	D	$938.6712(13)	19,945.661	D
Common Stock	02/18/2026		S(2)		410	D	$939.3293(14)	19,535.661	D
Common Stock	02/18/2026		S(2)		150	D	$940.1828(15)	19,385.661	D
Common Stock	02/18/2026		S(2)		320	D	$941.6838(16)	19,065.661	D
Common Stock	02/18/2026		S(2)		200	D	$942.774(17)	18,865.661	D
Common Stock	02/18/2026		S(2)		240	D	$943.835(18)	18,625.661	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 Units	$0	02/17/2026		M			2,669	(19)	(20)	Common Stock	2,669	$0	2,668	D
Restricted Stock Unit	$0	02/17/2026		A		10,594		(21)	(20)	Common Stock	10,594	$0	10,594	D
Restricted Stock Unit	$0	02/17/2026		M			5,297	(21)	(20)	Common Stock	5,297	$0	5,297	D

Explanation of Responses:

1. 32.243 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 13, 2026.

2. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $925.00 to $925.95, 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 4 through 18 to this Form 4.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $926.01 to $927.00 inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $927.04 to $928.00 inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $928.07 to $929.07 inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $929.13 to $929.55 inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $930.27 to $930.72 inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $931.85 to $932.29 inclusive.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $933.18 to $934.09 inclusive.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $934.30 to $934.44 inclusive.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $936.60 to $937.29 inclusive.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $937.82 to $938.75 inclusive.

14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $938.90 to $939.90 inclusive.

15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $940.00 to $940.51 inclusive.

16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $941.53 to $942.41 inclusive.

17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $942.60 to $942.89 inclusive.

18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $943.71 to $943.86 inclusive.

19. 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.

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

21. On March 11, 2025 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 2025. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2026, 25% will vest on February 15, 2027 and the remaining 25% will vest on February 15, 2028, subject solely to continued service.

	/s/ Samantha Lagocki, POA	02/19/2026
	** Signature of Reporting Person	Date
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FAQ

What did Equinix (EQIX) CEO Adaire Fox-Martin report in this Form 4?

Adaire Fox-Martin reported selling 4,230 Equinix common shares and receiving new restricted stock unit awards. The filing also shows RSU conversions into common stock and a small share purchase through the employee stock purchase plan.

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

The CEO sold 4,230 Equinix common shares on February 18, 2026 in multiple open-market trades. Weighted-average sale prices ranged from about $925 to $944 per share, as detailed across several price ranges in the footnotes.

Why were Equinix (EQIX) shares sold under the CEO’s 10b5-1 plan?

Shares were sold under a Rule 10b5-1 trading plan to raise cash to pay required withholding taxes related to vesting restricted stock units. The filing specifies this tax-related purpose in the explanatory footnotes.

How many Equinix (EQIX) shares does the CEO hold after these transactions?

After the reported open-market sales, the CEO directly holds 18,625.661 Equinix common shares. This post-transaction holding figure is taken from the final line of the non-derivative transaction table in the Form 4.

What new restricted stock units did the Equinix (EQIX) CEO receive?

On February 17, 2026, the CEO received a grant of 10,594 performance-based restricted stock units. The filing also shows RSU conversions of 2,669 and 5,297 units into an equal number of common shares at no cash exercise price.

What performance conditions apply to the Equinix (EQIX) RSU awards?

Footnotes describe RSUs granted with performance conditions tied to AFFO, revenue, and EBITDA targets for specific years. Once the compensation committee certifies results, vesting occurs over several years, subject to the executive’s continued service with Equinix.

Did the Equinix (EQIX) CEO purchase any shares through an employee plan?

Yes. A footnote states that 32.243 shares were acquired on February 13, 2026 under the Equinix, Inc. Employee Stock Purchase Plan. This reflects a separate acquisition from the reported open-market sales and RSU-related transactions.