Equinix (EQIX) legal chief sells 823 shares and gains new RSUs

Rhea-AI Filing Summary

Equinix Inc. Chief Legal Officer Kurt Pletcher reported a mix of stock sales and equity awards. On February 18, 2026, he executed multiple open-market sales totaling 823 shares of common stock at prices generally in the low- to mid-$900 range, under a Rule 10b5-1 trading plan to raise funds for required withholding taxes tied to restricted stock unit (RSU) vesting.

On February 17, 2026, Pletcher acquired common shares through exercises/conversions of several RSU awards and received a new grant of 2,523 performance-based RSUs that vest in tranches from 2026 through 2028, subject to continued service and previously certified performance targets. A separate footnote also notes the acquisition of 32.243 shares under the employee stock purchase plan on February 13, 2026.

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

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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^*

Pletcher Kurt

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		M		229	A	$0	3,456.705(1)	D
Common Stock	02/17/2026		M		389	A	$0	3,845.705	D
Common Stock	02/17/2026		M		1,262	A	$0	5,107.705	D
Common Stock	02/18/2026		S(2)		30	D	$932.9444(3)	5,077.705	D
Common Stock	02/18/2026		S(2)		60	D	$934.4514(4)	5,017.705	D
Common Stock	02/18/2026		S(2)		6	D	$935.395	5,011.705	D
Common Stock	02/18/2026		S(2)		102	D	$937.7856(5)	4,909.705	D
Common Stock	02/18/2026		S(2)		81	D	$938.8585(6)	4,828.705	D
Common Stock	02/18/2026		S(2)		123	D	$940.1241(7)	4,705.705	D
Common Stock	02/18/2026		S(2)		163	D	$941.0378(8)	4,542.705	D
Common Stock	02/18/2026		S(2)		109	D	$942.0449(9)	4,433.705	D
Common Stock	02/18/2026		S(2)		30	D	$943.465(10)	4,403.705	D
Common Stock	02/18/2026		S(2)		54	D	$944.963(11)	4,349.705	D
Common Stock	02/18/2026		S(2)		65	D	$948.3	4,284.705	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	02/17/2026		M			229	(12)	(13)	Common Stock	229	$0	0	D
Restricted Stock Unit	$0	02/17/2026		M			389	(14)	(13)	Common Stock	389	$0	388	D
Restricted Stock Unit	$0	02/17/2026		A		2,523		(15)	(13)	Common Stock	2,523	$0	2,523	D
Restricted Stock Unit	$0	02/17/2026		M			1,262	(15)	(13)	Common Stock	1,262	$0	1,261	D

Explanation of Responses:

1. 32.243 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 13, 2026.

2. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $932.32 to $933.10, inclusive. The reporting person undertakes to provide to, 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 4 through 11 to this Form 4.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $934.205 to $934.66 inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $937.12 to $938.06 inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $938.36 to $939.25 inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $939.49 to $940.485 inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $940.535 to $941.43 inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $941.73 to $942.6825 inclusive.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $942.895 to $943.81 inclusive.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $944.69 to $945.29 inclusive.

12. On February 14, 2023, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2023. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 12, 2024, 25% will vest on February 15, 2025 and the remaining 25% will vest on February 15, 2026, subject solely to continued service.

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

14. On March 7, 2024 the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2024. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2025, 25% will vest on February 15, 2026 and the remaining 25% will vest on February 15, 2027, subject solely to continued service.

15. On March 11, 2025 the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2025. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2026, 25% will vest on February 15, 2027 and the remaining 25% will vest on February 15, 2028, subject solely to continued service.

	/s/ Samantha Lagocki, POA	02/19/2026
	** 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 did Equinix (EQIX) insider Kurt Pletcher report on this Form 4?

Kurt Pletcher, Equinix’s Chief Legal Officer, reported both stock sales and equity awards. He sold 823 common shares and also acquired shares and restricted stock units through RSU vesting, performance-based awards, and the employee stock purchase plan.

How many Equinix (EQIX) shares did Kurt Pletcher sell and at what prices?

Pletcher sold a total of 823 Equinix common shares in multiple open-market transactions. The reported weighted-average prices for the sale batches ranged roughly from the low to mid $900s per share, with detailed price ranges described across several weighted-average footnotes.

Why were Equinix (EQIX) shares sold by Kurt Pletcher according to the Form 4?

The filing states the shares were sold under a Rule 10b5-1 trading plan. The purpose was to raise funds to pay required withholding taxes arising from the vesting of restricted stock units, rather than representing a discretionary liquidation of holdings.

What new restricted stock units did Kurt Pletcher receive from Equinix (EQIX)?

Pletcher received a grant of 2,523 performance restricted stock units on March 11, 2025, now reflected in the Form 4. These RSUs vest 50% in 2026, then 25% in 2027 and 25% in 2028, contingent on continued service and previously certified 2025 performance targets.

How do the RSU performance conditions work for Equinix (EQIX) awards in this filing?

The performance RSUs described were tied to AFFO, revenue, and EBITDA targets for specific years. After the compensation committee certified achievement levels, each award shifted to time-based vesting over future dates, conditioned on Pletcher’s continued service at Equinix.

Did Kurt Pletcher acquire any Equinix (EQIX) shares through an employee plan?

Yes. A footnote notes that 32.243 Equinix shares were acquired on February 13, 2026 under the Equinix Employee Stock Purchase Plan. This acquisition is separate from the RSU-related transactions and open-market sales reported in the Form 4 tables.