Equinix (EQIX) officer sells stock under 10b5-1 plan to cover RSU taxes

Rhea-AI Filing Summary

Equinix Chief Customer & Revenue Officer Michael Shane Paladin reported routine equity activity involving restricted stock units (RSUs) and related share sales. On January 15, 2026, 777 RSUs were converted into an equal number of shares of Equinix common stock at an exercise price of $0, increasing his directly held common stock to 1,279 shares and leaving 1,553 RSUs outstanding. The RSU award vests in three equal installments of 33.33% on January 15 of 2026, 2027, and 2028, contingent on continued service.

On January 16, 2026, he executed several small open‑market sales of Equinix common stock at weighted average prices ranging from approximately $798.04 to $806.6662, all reported as direct ownership transactions. A footnote states that these sales were made under a Rule 10b5‑1 trading plan to raise funds to pay required withholding taxes associated with the RSU vesting. Following these sales, he directly held 952 shares of Equinix common stock.

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^*

Paladin Michael Shane

(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 Customer & Rev 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		777	A	$0	1,279	D
Common Stock	01/16/2026		S(1)		12	D	$798.04	1,267	D
Common Stock	01/16/2026		S(1)		12	D	$800.23	1,255	D
Common Stock	01/16/2026		S(1)		24	D	$801.535(2)	1,231	D
Common Stock	01/16/2026		S(1)		52	D	$802.3385(3)	1,179	D
Common Stock	01/16/2026		S(1)		60	D	$804.435(4)	1,119	D
Common Stock	01/16/2026		S(1)		88	D	$805.6205(5)	1,031	D
Common Stock	01/16/2026		S(1)		79	D	$806.6662(6)	952	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	01/15/2026		M			777	(7)	(8)	Common Stock	777	$0	1,553	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 $801.29 to $801.78, 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 6 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 $802.40 inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $804.16 to $804.88 inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $805.19 to $806.06 inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $806.33 to $807.24 inclusive.

7. 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.

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

	/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).
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FAQ

What insider activity did Equinix (EQIX) report for Michael Shane Paladin?

The filing shows that Michael Shane Paladin, Equinix's Chief Customer & Revenue Officer, had 777 restricted stock units convert into common shares on January 15, 2026, and then sold small blocks of Equinix common stock on January 16, 2026 under a prearranged trading plan.

How many Equinix (EQIX) shares does Michael Shane Paladin hold after the reported Form 4 transactions?

After the reported transactions, Michael Shane Paladin directly held 952 shares of Equinix common stock and 1,553 restricted stock units, according to the Form 4.

At what prices were the Equinix (EQIX) shares sold in this Form 4?

The Form 4 reports multiple open‑market sales of Equinix common stock on January 16, 2026 at weighted average prices around $798.04, $800.23, $801.535, $802.3385, $804.435, $805.6205, and $806.6662, with additional details available upon request.

Why did the Equinix (EQIX) insider sell shares in this filing?

A footnote explains that the shares were sold under a Rule 10b5‑1 trading plan to raise funds to pay the required withholding tax arising from the vesting of restricted stock units on January 15, 2026.

How do the Equinix (EQIX) restricted stock units vest for this insider?

The RSU award vests in three installments: 33.33% vested on January 15, 2026, and an additional 33.33% will vest on each of January 15, 2027 and January 15, 2028, provided continuous service is maintained. The award expires upon termination of service.

Is the Equinix (EQIX) insider sale in this Form 4 a discretionary trade?

The filing states that the sales were made pursuant to a Rule 10b5‑1 Trading Plan, which is a prearranged plan for trading shares and is often used to systematically sell stock, in this case to cover tax obligations from RSU vesting.