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Equinix (EQIX) CPO sells shares to cover RSU tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Equinix, Inc. Chief People Officer Brandi Galvin Morandi reported restricted stock unit (RSU) vesting and related share activity. On January 15, 2026, RSUs covering 1,117, 766 and 724 shares were converted into common stock at an exercise price of $0, increasing her direct holdings to 10,884.213 shares.

On January 16, 2026, she sold multiple blocks of Equinix common stock totaling 1,333 shares at weighted average prices between $799.67 and $807.24 per share, under a Rule 10b5-1 trading plan to raise funds for required tax withholding on the RSU vesting. After these transactions, she directly owned 9,551.213 shares of Equinix common stock. Footnotes also describe multi-year RSU vesting schedules that depend on continued service.

Positive

  • None.

Negative

  • None.
Insider MORANDI BRANDI GALVIN
Role Chief People Officer
Sold 1,333 shs ($1.07M)
Type Security Shares Price Value
Sale Common Stock 40 $797.61 $32K
Sale Common Stock 120 $800.02 $96K
Sale Common Stock 280 $802.379 $225K
Sale Common Stock 152 $803.8693 $122K
Sale Common Stock 168 $805.1905 $135K
Sale Common Stock 531 $806.2728 $428K
Sale Common Stock 42 $807.2167 $34K
Exercise Restricted Stock Unit 1,117 $0.00 --
Exercise Restricted Stock Unit 766 $0.00 --
Exercise Restricted Stock Unit 724 $0.00 --
Exercise Common Stock 1,117 $0.00 --
Exercise Common Stock 766 $0.00 --
Exercise Common Stock 724 $0.00 --
Holdings After Transaction: Common Stock — 10,844.213 shares (Direct); Restricted Stock Unit — 0 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 $799.67 to $800.21, 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 $802.32 to $802.61 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $803.39 to $804.25 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $804.49 to $805.45 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $805.59 to $806.56 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $806.75 to $807.24 inclusive. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2024 and an additional 33.33% of the RSUs will each vest on January 15, 2025 and January 15, 2026. Restricted stock unit award expires upon reporting person's termination of service. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2025 and an additional 33.33% of the RSUs will each vest on January 15, 2026 and January 15, 2027. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2026 and an additional 33.33% of the RSUs will each vest on January 15, 2027 and January 15, 2028.
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*
MORANDI BRANDI GALVIN
(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 People Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026
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 01/15/2026 M 1,117 A $0 9,394.213 D
Common Stock 01/15/2026 M 766 A $0 10,160.213 D
Common Stock 01/15/2026 M 724 A $0 10,884.213 D
Common Stock 01/16/2026 S(1) 40 D $797.61 10,844.213 D
Common Stock 01/16/2026 S(1) 120 D $800.02(2) 10,724.213 D
Common Stock 01/16/2026 S(1) 280 D $802.379(3) 10,444.213 D
Common Stock 01/16/2026 S(1) 152 D $803.8693(4) 10,292.213 D
Common Stock 01/16/2026 S(1) 168 D $805.1905(5) 10,124.213 D
Common Stock 01/16/2026 S(1) 531 D $806.2728(6) 9,593.213 D
Common Stock 01/16/2026 S(1) 42 D $807.2167(7) 9,551.213 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 01/15/2026 M 1,117 (8) (9) Common Stock 1,117 $0 0 D
Restricted Stock Unit $0 01/15/2026 M 766 (10) (9) Common Stock 766 $0 766 D
Restricted Stock Unit $0 01/15/2026 M 724 (11) (9) Common Stock 724 $0 1,445 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 $799.67 to $800.21, 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 $802.32 to $802.61 inclusive.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $803.39 to $804.25 inclusive.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $804.49 to $805.45 inclusive.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $805.59 to $806.56 inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $806.75 to $807.24 inclusive.
8. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2024 and an additional 33.33% of the RSUs will each vest on January 15, 2025 and January 15, 2026.
9. Restricted stock unit award expires upon reporting person's termination of service.
10. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2025 and an additional 33.33% of the RSUs will each vest on January 15, 2026 and January 15, 2027.
11. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2026 and an additional 33.33% of the RSUs will each vest on January 15, 2027 and January 15, 2028.
/s/ Samantha Lagocki, POA 01/20/2026
** 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 activity did Equinix (EQIX) report in this Form 4?

The Form 4 shows that Chief People Officer Brandi Galvin Morandi had several restricted stock unit (RSU) tranches vest on January 15, 2026, converting into common stock, and then sold portions of her Equinix common stock the next day under a Rule 10b5-1 trading plan related to tax withholding.

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

On January 16, 2026, the officer sold multiple blocks of Equinix common stock totaling 1,333 shares. The weighted average prices for these trades ranged from $797.61 to about $807.22 per share, with detailed price ranges disclosed in the footnotes.

Why were Equinix (EQIX) shares sold according to the Form 4 footnotes?

The footnotes state that the shares were sold pursuant to a Rule 10b5-1 trading plan in order to raise funds to pay required withholding tax arising from the vesting of RSUs, indicating the sales were primarily for tax obligations related to equity compensation.

How many Equinix (EQIX) shares does the reporting person own after these transactions?

After the RSU conversions and subsequent sales, the Form 4 reports that the officer directly owned 9,551.213 shares of Equinix common stock.

What RSU vesting activity for Equinix (EQIX) was disclosed in this filing?

On January 15, 2026, three RSU awards converted into common stock: 1,117, 766 and 724 units at an exercise price of $0. Footnotes explain that these RSUs vest in 33.33% annual installments on specified January 15 dates, contingent on continued service.

Does the Equinix (EQIX) Form 4 describe any conditions on the RSU awards?

Yes. The footnotes state that vesting depends on continuous active service as an employee, consultant or director of Equinix or its subsidiaries. Each RSU award vests in three annual 33.33% tranches, and the RSU awards expire upon the reporting person’s termination of service.