Equinix director moves 4,000 shares via exchange fund
PAISLEY CHRISTOPHER B reported reported sale transactions in this Form 4 filing.
Rhea-AI Filing Summary
PAISLEY CHRISTOPHER B reported reported sale transactions in this Form 4 filing.
Equinix Inc director Christopher B. Paisley indirectly disposed of 4,000 shares of common stock on 2026-08-03 by contributing shares held in the Paisley Family Trust to an exchange fund, valued at $1019.28 per share for determining the number of exchange fund shares received. After this transaction, the Paisley Family Trust held 13,859 shares, and a separate trust for Paisley’s brother held 209 shares, all reported as indirect ownership.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 4,000 shares
Net Sell
4 txns
Insider
PAISLEY CHRISTOPHER B
Role
Director
Sold
4,000 shs ($4.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 4,000 | $1,019.28 | $4.08M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,859 shares (Indirect, Paisley Family Trust);
Common Stock — 209 shares (Indirect, By Trust for Brother);
Common Stock — 636 shares (Indirect, By Trust for Son)
Footnotes (1)
- F1. The reporting person contributed Equinix common stock to an exchange fund in exchange for shares of the exchange fund. The Equinix common stock was valued at $1019.28 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person
Key Figures
Shares disposed: 4,000 shares of common stock
Valuation per share: $1019.28 per share
Family Trust holdings after: 13,859 shares
+1 more
4 metrics
Shares disposed
4,000 shares of common stock
Indirect disposition by Paisley Family Trust on 2026-08-03
Valuation per share
$1019.28 per share
Value used to determine exchange fund shares issuable
Family Trust holdings after
13,859 shares
Indirect EQIX common stock held by Paisley Family Trust following transaction
Trust for Brother holdings after
209 shares
Indirect EQIX common stock held by a trust for Paisley’s brother
Key Terms
exchange fund, Paisley Family Trust
2 terms
exchange fund financial
"contributed Equinix common stock to an exchange fund in exchange for shares"
An exchange fund is a pooled investment vehicle where holders of a single, highly appreciated stock swap their shares for pro rata interests in a diversified basket, allowing them to reduce concentration risk without immediately selling and triggering a large capital gains tax. It matters to investors because it provides instant diversification and potential tax deferral—like trading one oversized slice of pie for many smaller slices—though it usually carries fees, a multi‑year lockup and less control over exact timing of liquidity.
Paisley Family Trust financial
"nature of ownership listed as Paisley Family Trust for indirect holdings"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EQIX director Christopher B. Paisley report?
Christopher B. Paisley reported indirectly disposing of 4,000 EQIX common shares on 2026-08-03. The shares, held in the Paisley Family Trust, were contributed to an exchange fund in return for exchange fund shares valued at $1019.28 per share for allocation purposes.
Was Christopher B. Paisley’s EQIX transaction executed under a Rule 10b5-1 trading plan?
The transaction was not reported as made under a Rule 10b5-1 plan, as the related checkbox was not selected. No footnote describes any pre-arranged trading plan, so the filing presents this as a regular, non-plan disposition of shares.
Did Paisley’s EQIX transaction involve an exchange fund rather than a simple market sale?
Yes, the filing states Paisley contributed EQIX shares to an exchange fund and received fund shares in return. The EQIX stock was valued at $1019.28 per share only to calculate how many exchange fund shares were issuable to him.
Are Christopher B. Paisley’s reported EQIX holdings direct or through trusts?
All reported EQIX holdings are indirect through trusts, including the Paisley Family Trust and trusts for his brother and son. The Form 4 lists these positions with the ownership type coded as indirect and describes each trust in the nature of ownership field.
AI-generated analysis. How Rhea-AI works. Not financial advice.
