Equinix (EQIX) EVP sells 158 shares in 10b5-1 tax-driven trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equinix EVP Abdel Raouf reported routine equity compensation activity and related sales. On June 1, 2026, he exercised 364 Restricted Stock Units, converting them into an equal number of Equinix common shares at a conversion price of $0.00 per share.
On June 2, 2026, he then executed open-market sales totaling 158.25 common shares in multiple transactions, with weighted-average prices described in the footnotes as ranging from about $1,052.095 to $1,069.44 per share. A footnote states these sales were made under a 10b5-1 Trading Plan to raise funds to pay required withholding tax tied to the RSU vesting.
After these transactions, Raouf directly holds approximately 5,934.159 Equinix common shares. The filing shows both the RSU-derived share acquisition and the smaller, tax-driven sales, indicating that he retained the majority of the newly vested shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 158.25 shares ($167,806)
Net Sell
17 txns
Insider
Abdel Raouf
Role
EVP, Global Operations
Sold
158.25 shs ($168K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 0.5 | $1,049.285 | $524.64 |
| Sale | Common Stock | 9 | $1,052.4582 | $9K |
| Sale | Common Stock | 12 | $1,053.6426 | $13K |
| Sale | Common Stock | 5 | $1,054.6921 | $5K |
| Sale | Common Stock | 15 | $1,056.0056 | $16K |
| Sale | Common Stock | 19 | $1,056.9625 | $20K |
| Sale | Common Stock | 9 | $1,058.0457 | $10K |
| Sale | Common Stock | 13 | $1,058.9619 | $14K |
| Sale | Common Stock | 15.25 | $1,060.0029 | $16K |
| Sale | Common Stock | 11 | $1,062.1582 | $12K |
| Sale | Common Stock | 13 | $1,063.2345 | $14K |
| Sale | Common Stock | 2 | $1,064.9006 | $2K |
| Sale | Common Stock | 3 | $1,066.5465 | $3K |
| Sale | Common Stock | 31 | $1,069.199 | $33K |
| Sale | Common Stock | 0.5 | $1,070.47 | $535.24 |
| Exercise | Restricted Stock Unit | 364 | $0.00 | -- |
| Exercise | Common Stock | 364 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,091.909 shares (Direct, null);
Restricted Stock Unit — 1,092 shares (Direct, null)
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 $1,052.095 to $1053.095, 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 14 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 $1,053.14 to $1,054.10 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,054.33 to $1,055.315 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,055.36 to $1,056.32 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,056.3675 to $1,057.20 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,057.73 to $1,058.16 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,058.79 to $1,059.04 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,060.00 to $1,060.58 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,061.37 to $1,062.35 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,062.49 to $1,063.255 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,064.39 to $1,065.205 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,066.195 to $1,067.15 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,069.16 to $1,069.44 inclusive. Vesting is dependent upon continuous active service as an employee or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 16.67% of the RSUs vesting on June 1, 2025 and an additional 16.67% of the RSUs vesting every 6 months thereafter until fully vested. Restricted stock unit award expires upon reporting person's termination of service.
Key Figures
RSUs converted: 364 shares
Shares sold: 158.25 shares
Sample sale price: $1,070.47 per share
+3 more
6 metrics
RSUs converted
364 shares
Restricted Stock Units converted to common stock on June 1, 2026
Shares sold
158.25 shares
Open-market sales on June 2, 2026 to fund tax withholding
Sample sale price
$1,070.47 per share
One reported weighted-average price for June 2, 2026 sale
Reported price range
$1,052.095–$1,069.44
Weighted-average price ranges for multiple sale tranches in footnotes
Shares held after
5,934.159 shares
Direct Equinix common stock holdings following reported transactions
Exercises in period
1 exercise, 364 shares
Derivative exercise/conversion count and shares from transaction summary
Key Terms
10b5-1 Trading Plan, Restricted Stock Units, weighted average price, withholding tax, +1 more
5 terms
10b5-1 Trading Plan financial
"Shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
Restricted Stock Units financial
"The Restricted Stock Units shall vest as follows: 16.67% of the RSUs vesting on June 1, 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
withholding tax financial
"raise funds to pay the required withholding tax pursuant to the vesting of RSUs"
Withholding tax is a government-required portion of a payment—such as dividends, interest, or salary—that the payer keeps back and sends directly to tax authorities before the recipient receives the money. For investors it reduces the cash they actually get and changes the after-tax return on an investment; rates and refund or credit rules vary by country and can materially affect comparisons between similar investments, like a cashier holding part of a bill to cover taxes.
vesting period financial
"Vesting is dependent upon continuous active service as an employee or director of the Company throughout the vesting period"
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
FAQ
What insider transactions did Equinix (EQIX) EVP Abdel Raouf report?
Abdel Raouf reported exercising 364 Restricted Stock Units into Equinix common stock, then selling 158.25 shares in open-market transactions. The filing notes these sales were executed under a 10b5-1 Trading Plan primarily to fund required tax withholding from the RSU vesting.
What RSU activity did Equinix (EQIX) report for Abdel Raouf?
The filing shows 364 Restricted Stock Units were converted into 364 shares of Equinix common stock at a conversion price of $0.00 per share. Footnotes describe the RSUs’ vesting as dependent on continued service and detail a semiannual vesting schedule until fully vested.