Were the Equinix (EQIX) CEO’s March 12, 2026 share sales discretionary or pre-planned?

The filing specifies that the sales were executed pursuant to a Rule 10b5-1 trading plan. Such plans are pre-arranged frameworks for trading, designed to allow insiders to sell shares on a predetermined schedule independent of later information or market timing decisions.

Equinix (EQIX) CEO trades shares linked to RSU tax obligations

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Equinix CEO and President Adaire Fox-Martin reported a mix of equity compensation and related share sales. On March 11, 2026, she received a grant of 2,034 restricted stock units under the 2025 Annual Incentive Plan after performance criteria were fully attained, and those RSUs were immediately converted into 2,034 shares of common stock.

On March 12, 2026, she executed open-market sales totaling 1,086 shares of common stock at weighted average prices generally around $958–$969 per share, pursuant to a pre-arranged Rule 10b5-1 trading plan. The company notes these sales were made to raise cash to pay required withholding taxes tied to the RSU vesting. After these transactions, she directly holds 19,573.661 shares of Equinix common stock.

Insider Trade Summary 10b5-1

Net Seller: 1,086 shares ($1,049,295)

Net Sell 11 txns

Insider Fox-Martin Adaire

Role CEO and President

Sold 1,086 shs ($1.05M)

Type	Security	Shares	Price	Value
Sale	Common Stock	40	$958.14	$38K
Sale	Common Stock	80	$960.18	$77K
Sale	Common Stock	40	$961.19	$38K
Sale	Common Stock	120	$962.5533	$116K
Sale	Common Stock	80	$964.04	$77K
Sale	Common Stock	515	$968.1205	$499K
Sale	Common Stock	170	$968.9965	$165K
Sale	Common Stock	41	$969.9178	$40K
Grant/Award	Restricted Stock Unit	2,034	$0.00	--
Exercise	Restricted Stock Unit	2,034	$0.00	--
Exercise	Common Stock	2,034	$0.00	--

Holdings After Transaction: Common Stock — 20,619.661 shares (Direct); Restricted Stock Unit — 2,034 shares (Direct)

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 $962.23 to $962.87, 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 6 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 $963.61 to $964.47 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.66 to $968.63 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.72 to $969.51 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $969.83 to $969.92 inclusive. Under the 2025 Annual Incentive Plan, subject to meeting performance criteria, the reporting person was eligible to receive a bonus to be paid in the form of fully-vested restricted stock units. The Compensation Committee has determined that the performance criteria were attained, and therefore 100% of the award was granted on March 11, 2026 as reported in this Form 4. Restricted stock unit award expires upon reporting person's termination of service.

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Form 4 Insider Transactions: What Each Field Means →

03/13/2026 - 04:05 PM

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

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).

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

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/11/2026		M		2,034	A	$0	20,659.661	D
Common Stock	03/12/2026		S⁽¹⁾		40	D	$958.14	20,619.661	D
Common Stock	03/12/2026		S⁽¹⁾		80	D	$960.18	20,539.661	D
Common Stock	03/12/2026		S⁽¹⁾		40	D	$961.19	20,499.661	D
Common Stock	03/12/2026		S⁽¹⁾		120	D	$962.5533⁽²⁾	20,379.661	D
Common Stock	03/12/2026		S⁽¹⁾		80	D	$964.04⁽³⁾	20,299.661	D
Common Stock	03/12/2026		S⁽¹⁾		515	D	$968.1205⁽⁴⁾	19,784.661	D
Common Stock	03/12/2026		S⁽¹⁾		170	D	$968.9965⁽⁵⁾	19,614.661	D
Common Stock	03/12/2026		S⁽¹⁾		41	D	$969.9178⁽⁶⁾	19,573.661	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$0	03/11/2026		A		2,034		⁽⁷⁾	⁽⁸⁾	Common Stock	2,034	$0	2,034	D
Restricted Stock Unit	$0	03/11/2026		M			2,034	⁽⁷⁾	⁽⁸⁾	Common Stock	2,034	$0	0	D

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 $962.23 to $962.87, 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 6 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 $963.61 to $964.47 inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.66 to $968.63 inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.72 to $969.51 inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $969.83 to $969.92 inclusive.

7. Under the 2025 Annual Incentive Plan, subject to meeting performance criteria, the reporting person was eligible to receive a bonus to be paid in the form of fully-vested restricted stock units. The Compensation Committee has determined that the performance criteria were attained, and therefore 100% of the award was granted on March 11, 2026 as reported in this Form 4.

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

	/s/ Samantha Lagocki, POA	03/13/2026
	** 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Equinix (EQIX) CEO Adaire Fox-Martin report?

Adaire Fox-Martin reported receiving 2,034 restricted stock units that converted into 2,034 common shares, then selling 1,086 shares in open-market trades. The sales were tied to tax obligations from the RSU vesting and conducted under a Rule 10b5-1 trading plan.

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

The CEO sold 1,086 Equinix common shares on March 12, 2026, in multiple open-market trades. Reported weighted average prices for the sales were generally between about $958 and $970 per share, with specific ranges detailed across several transaction footnotes in the filing.

Why did Equinix (EQIX) CEO Adaire Fox-Martin sell shares on March 12, 2026?

The filing states the shares were sold under a Rule 10b5-1 trading plan to raise funds to pay required withholding taxes. Those tax obligations arose from the vesting of restricted stock units granted under Equinix’s 2025 Annual Incentive Plan.

What RSU award did the Equinix (EQIX) CEO receive under the 2025 Annual Incentive Plan?

Under the 2025 Annual Incentive Plan, the CEO was eligible for a performance-based bonus paid in fully vested restricted stock units. The Compensation Committee determined performance criteria were fully met, resulting in a grant of 2,034 RSUs on March 11, 2026, which immediately converted into 2,034 common shares.

How many Equinix (EQIX) shares does the CEO own after these transactions?

Following the RSU conversion and subsequent sales, the CEO directly holds 19,573.661 shares of Equinix common stock. This figure reflects her position after acquiring 2,034 shares through RSU conversion and selling 1,086 shares in a series of open-market transactions.