Equinix (EQIX) CBO logs tax-driven stock sale and new RSU grant

Rhea-AI Filing Summary

Equinix Inc. Chief Business Officer Jonathan Lin reported multiple stock transactions involving company equity. On February 18, 2026, he executed open-market sales totaling 1,124.25 shares of Equinix common stock, at weighted average prices disclosed between about $933 and $948.30 per share, leaving him with 10,787.847 directly owned shares.

According to the footnotes, the sales were made under a 10b5-1 trading plan to raise cash to cover required tax withholding from vesting restricted stock units. On February 17, 2026, Lin acquired common shares through exercises of restricted stock units and received new performance-based RSU awards, including 3,027 units, with vesting tied to adjusted funds from operations, revenue and EBITDA targets and continued service over future years.

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^*

Lin Jonathan

(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 Business 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		458	A	$0	9,880.097(1)	D
Common Stock	02/17/2026		M		518	A	$0	10,398.097	D
Common Stock	02/17/2026		M		1,514	A	$0	11,912.097	D
Common Stock	02/18/2026		S(2)		41	D	$932.944(3)	11,871.097	D
Common Stock	02/18/2026		S(2)		82	D	$934.4514(4)	11,789.097	D
Common Stock	02/18/2026		S(2)		8.25	D	$935.395	11,780.847	D
Common Stock	02/18/2026		S(2)		139	D	$937.7856(5)	11,641.847	D
Common Stock	02/18/2026		S(2)		110	D	$938.8585(6)	11,531.847	D
Common Stock	02/18/2026		S(2)		168	D	$940.1241(7)	11,363.847	D
Common Stock	02/18/2026		S(2)		222	D	$941.0378(8)	11,141.847	D
Common Stock	02/18/2026		S(2)		149	D	$942.0449(9)	10,992.847	D
Common Stock	02/18/2026		S(2)		41	D	$943.465(10)	10,951.847	D
Common Stock	02/18/2026		S(2)		74	D	$944.963(11)	10,877.847	D
Common Stock	02/18/2026		S(2)		90	D	$948.3	10,787.847	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 Unit	$0	02/17/2026		M			458	(12)	(13)	Common Stock	458	$0	0	D
Restricted Stock Units	$0	02/17/2026		M			518	(14)	(13)	Common Stock	518	$0	518	D
Restricted Stock Unit	$0	02/17/2026		A		3,027		(15)	(13)	Common Stock	3,027	$0	3,027	D
Restricted Stock Unit	$0	02/17/2026		M			1,514	(15)	(13)	Common Stock	1,514	$0	1,513	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
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FAQ

What did Equinix (EQIX) Chief Business Officer Jonathan Lin report on this Form 4?

Jonathan Lin reported a series of stock sales and equity-related transactions in Equinix (EQIX) shares. These included open-market sales, RSU exercises converting into common stock, and new performance-based restricted stock unit awards tied to future service and financial targets.

How many Equinix (EQIX) shares did Jonathan Lin sell and at what prices?

Jonathan Lin sold a total of 1,124.25 Equinix (EQIX) common shares on February 18, 2026. The filing shows weighted average sale prices for separate trades, with disclosed per-share amounts generally ranging from about $932.94 up to $948.30 across multiple open-market transactions.

Why were Jonathan Lin’s Equinix (EQIX) stock sales conducted under a 10b5-1 plan?

The filing states the Equinix (EQIX) shares were sold under a 10b5-1 Trading Plan to raise funds for required tax withholding. This withholding obligation arose in connection with the vesting of restricted stock units that previously had been granted to Jonathan Lin.

How many Equinix (EQIX) shares does Jonathan Lin own after these transactions?

After completing the February 18, 2026 open-market sales, Jonathan Lin directly owned 10,787.847 shares of Equinix (EQIX) common stock. This figure reflects the net result of RSU conversions into stock and subsequent sales disclosed in the Form 4 filing.

What new restricted stock units did Jonathan Lin receive from Equinix (EQIX)?

Jonathan Lin received a grant of 3,027 performance restricted stock units from Equinix (EQIX) on March 11, 2025, as described in the footnotes. Vesting depends on continued service and meeting 2025 AFFO, revenue and EBITDA targets, with tranches vesting through February 15, 2028.

How do Jonathan Lin’s Equinix (EQIX) performance RSUs vest over time?

The Form 4 footnotes explain that several performance RSU awards vest in stages. Once financial targets are certified, 50% typically vests first, then 25% on the following year’s February 15, and the final 25% one year later, all subject to continued employment at Equinix (EQIX).