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Equinix (EQIX) CEO sells shares to cover RSU tax obligations

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

Rhea-AI Filing Summary

Equinix Inc CEO and President Adaire Fox-Martin reported a combination of RSU vesting and share sales. On June 1, 2026, she exercised 5,645 Restricted Stock Units, converting them into common shares. On June 2, 2026, she then sold 2,935 shares of common stock in multiple open-market transactions at weighted-average prices around $1,050–$1,060 per share.

According to the disclosure, the sales were made under a Rule 10b5-1 trading plan to raise cash to pay required withholding taxes tied to the RSU vesting. After these transactions, she directly owns 22,283.661 shares of Equinix common stock.

Positive

  • None.

Negative

  • None.
Insider Fox-Martin Adaire
Role CEO and President
Sold 2,935 shs ($3.10M)
Type Security Shares Price Value
Sale Common Stock 120 $1,052.2504 $126K
Sale Common Stock 120 $1,053.4529 $126K
Sale Common Stock 800 $1,054.368 $843K
Sale Common Stock 285 $1,055.2485 $301K
Sale Common Stock 315 $1,056.3317 $333K
Sale Common Stock 400 $1,057.59 $423K
Sale Common Stock 295 $1,060.9879 $313K
Sale Common Stock 600 $1,061.5252 $637K
Exercise Restricted Stock Unit 5,645 $0.00 --
Exercise Common Stock 5,645 $0.00 --
Holdings After Transaction: Common Stock — 25,098.661 shares (Direct, null); Restricted Stock Unit — 0 shares (Direct, null)
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 $1,051.69 to $1052.48, 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 9 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 $1,052.71 to $1,053.70 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,053.96 to $1,054.82 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,055.04 to $1,055.61 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,056.11 to $1,056.50 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,057.21 to $1,057.97 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,060.19 to $1,061.19 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,061.21 to $1,062.04 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: 25% of the RSUs vesting on December 1, 2024 and an additional 25% of the RSUs vesting every 6 months thereafter until fully vested.. Restricted stock unit award expires upon reporting person's termination of service.
Shares sold 2,935 shares Common Stock sold in open-market transactions on June 2, 2026
RSUs exercised 5,645 units Restricted Stock Units converted to common stock on June 1, 2026
Post-transaction holdings 22,283.661 shares Common Stock directly owned after reported transactions
Sale price ranges $1,051.69–$1,062.04 per share Weighted-average price ranges from multiple sale footnotes
Net share change from trades 2,935-share net sale Net of buy/sell activity across reported open-market transactions
10b5-1 Trading Plan regulatory
"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 Unit financial
"The Restricted Stock Units shall vest as follows: 25% of the RSUs vesting on December 1, 2024..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
withholding tax financial
"Shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax..."
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.
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.
vesting period financial
"Vesting is dependent upon continuous active service... 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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Fox-Martin Adaire
(Last)(First)(Middle)
C/O EQUINIX, INC.
ONE LAGOON DRIVE
(Street)
REDWOOD CITY CALIFORNIA 94065
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EQUINIX INC [ EQIX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026M5,645A$025,218.661D
Common Stock06/02/2026S(1)120D$1,052.2504(2)25,098.661D
Common Stock06/02/2026S(1)120D$1,053.4529(3)24,978.661D
Common Stock06/02/2026S(1)800D$1,054.368(4)24,178.661D
Common Stock06/02/2026S(1)285D$1,055.2485(5)23,893.661D
Common Stock06/02/2026S(1)315D$1,056.3317(6)23,578.661D
Common Stock06/02/2026S(1)400D$1,057.59(7)23,178.661D
Common Stock06/02/2026S(1)295D$1,060.9879(8)22,883.661D
Common Stock06/02/2026S(1)600D$1,061.5252(9)22,283.661D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit$006/01/2026M5,645 (10) (11)Common Stock5,645$00D
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 $1,051.69 to $1052.48, 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 9 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 $1,052.71 to $1,053.70 inclusive.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,053.96 to $1,054.82 inclusive.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,055.04 to $1,055.61 inclusive.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,056.11 to $1,056.50 inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,057.21 to $1,057.97 inclusive.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,060.19 to $1,061.19 inclusive.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,061.21 to $1,062.04 inclusive.
10. 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: 25% of the RSUs vesting on December 1, 2024 and an additional 25% of the RSUs vesting every 6 months thereafter until fully vested..
11. Restricted stock unit award expires upon reporting person's termination of service.
/s/ Samantha Lagocki, POA06/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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

Adaire Fox-Martin reported exercising 5,645 Restricted Stock Units into common stock and selling 2,935 Equinix shares in open-market transactions. The transactions occurred on June 1 and June 2, 2026, and were tied to equity compensation and related tax obligations.

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

The CEO sold 2,935 shares of Equinix common stock in several open-market trades. Footnotes state weighted-average sale prices within ranges generally around $1,051 to $1,062 per share, with individual trades executed at multiple prices inside those ranges.

Why did Equinix (EQIX) CEO Adaire Fox-Martin sell shares according to the Form 4 footnotes?

The filing states the shares were sold under a Rule 10b5-1 trading plan to raise funds to pay required withholding tax from RSU vesting. This links the sales directly to equity compensation and associated tax obligations rather than a discretionary position change.

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

After the reported RSU exercise and share sales, Adaire Fox-Martin directly holds 22,283.661 shares of Equinix common stock. This figure reflects her position following the June 1, 2026 RSU conversion and the June 2, 2026 open-market sale transactions detailed in the Form 4.

What RSU activity did Equinix (EQIX) disclose for its CEO in this Form 4?

The Form 4 shows 5,645 Restricted Stock Units converted into common stock on June 1, 2026, coded as a derivative exercise. Separate footnotes describe the vesting schedule, including 25% vesting on December 1, 2024 and additional 25% tranches every six months until fully vested.

Were the Equinix (EQIX) CEO’s share sales made under a Rule 10b5-1 trading plan?

Yes. A footnote states the shares were sold pursuant to a 10b5-1 Trading Plan. That plan-directed structure indicates the sales were pre-arranged, with the stated purpose of raising funds to cover required withholding taxes on RSU vesting rather than ad hoc market timing.