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  4. [Form 4] EQUINIX INC Insider Trading Activity

Equinix officer sells 203 shares near $1,010

Equinix’s Chief Customer & Revenue Officer exercised 510 RSUs and sold 203 EQIX shares under a Rule 10b5-1 plan mainly to cover tax withholding.

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

EQUINIX INC (EQIX) reported insider transactions by Chief Customer & Rev Officer Michael Shane Paladin involving restricted stock units and related share sales. On September 1, 2026, 510 Restricted Stock Units were converted into 510 shares of common stock at a conversion price of $0.00 per share, reflecting vesting of equity compensation.

On September 2, 2026, the officer sold a total of 203 shares of common stock in open-market transactions under a Rule 10b5-1 Trading Plan to raise funds to pay required withholding tax from the RSU vesting, including 53 shares at a weighted average price of $1,008.02 per share and 150 shares at $1,018.43 per share. No post-transaction common share holdings are stated in this report.

Positive

  • None.

Negative

  • None.
Insider Paladin Michael Shane
Role Chief Customer & Rev Officer
Sold 203 shs ($206K)
Approx. gross sale proceeds $206K
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Common Stock F1, F2 53 $1,008.0191 $53K
Sale Common Stock F1 150 $1,018.43 $153K
Exercise Restricted Stock Units F3, F4 510 $0.00 $0.00
Exercise Common Stock 510 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 510 contracts (Direct); Common Stock — 2,757.485 shares (Direct)
Footnotes (4)
  1. F1. 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. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,008.00 to $1,008.50, 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 range set forth in this footnote.
  3. F3. 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: 35% of the RSUs vesting on October 7, 2025 and an additional 21.67% of the RSUs vesting every March 1st and September 1st until fully vested.
  4. F4. Restricted stock unit award expires upon reporting person's termination of service.
Shares sold (September 2, 2026) 203 shares Total common shares sold by the officer in open-market transactions
First sale tranche 53 shares at about $1,008.02 per share Weighted average price; trades ranged from $1,008.00 to $1,008.50
Second sale tranche price $1,018.43 per share Price for 150 EQIX shares sold on September 2, 2026
RSUs converted 510 Restricted Stock Units Converted into 510 shares of common stock on September 1, 2026
RSU conversion price $0.00 per share Conversion price for 510 RSUs into common stock
Initial RSU vesting portion 35% Portion scheduled to vest on October 7, 2025, subject to service
Subsequent RSU vesting installments 21.67% Additional portion vesting every March 1 and September 1 until fully vested
Rule 10b5-1 Trading Plan regulatory
"Shares were sold pursuant to a 10b5-1 Trading Plan in order"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"The Restricted Stock Units shall vest as follows: 35% of the RSUs"
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.
withholding tax financial
"raise funds to pay the required withholding tax pursuant to the vesting"
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."
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.

FAQ

What insider transactions did Equinix (EQIX) report for Michael Shane Paladin?
Equinix reported that Michael Shane Paladin converted 510 Restricted Stock Units into common stock on September 1, 2026, and sold 203 shares of common stock on September 2, 2026, in open-market transactions under a Rule 10b5-1 Trading Plan.

How many Equinix (EQIX) shares did the insider sell and at what prices?
On September 2, 2026, the insider sold 203 EQIX shares: 53 shares at a weighted average price of about $1,008.02 per share, and 150 shares at $1,018.43 per share, in open-market transactions.

Were the EQIX insider share sales made under a Rule 10b5-1 trading plan?
Yes. The filing affirms a Rule 10b5-1 plan, and a footnote states the shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay required withholding tax related to RSU vesting.

What RSU activity did Equinix (EQIX) disclose for Michael Shane Paladin?
Equinix disclosed that 510 Restricted Stock Units were converted into 510 shares of common stock at a conversion price of $0.00 per share on September 1, 2026, reflecting vesting of an RSU award subject to continued service-based vesting conditions.

What are the vesting terms of the Equinix (EQIX) RSU award mentioned in the filing?
The RSU award vests based on continuous service, with 35% vesting on October 7, 2025 and an additional 21.67% vesting every March 1 and September 1 until fully vested, and the award expires upon termination of service.

Does the Form 4 state Michael Shane Paladin’s EQIX holdings after these transactions?
No. The non-derivative transaction rows report the sales and acquisition but do not state a total number of common shares held following the transactions in this Form 4.

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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*
Paladin Michael Shane
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Customer & Rev Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		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 Stock09/01/2026M510A$02,960.485D
Common Stock09/02/2026S(1)53D$1,008.0191(2)2,907.485D
Common Stock09/02/2026S(1)150D$1,018.432,757.485D
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 Units$009/01/2026M510 (3) (4)Common Stock510$0510D
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 $1,008.00 to $1,008.50, 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 range set forth in this footnote.
3. 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: 35% of the RSUs vesting on October 7, 2025 and an additional 21.67% of the RSUs vesting every March 1st and September 1st until fully vested.
4. Restricted stock unit award expires upon reporting person's termination of service.
/s/ Samantha Lagocki, POA09/03/2026
** 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