NTNX Initial Form 3 Shows Director Robert Lavender Holds No Securities
Rhea-AI Filing Summary
Robert G. Lavender, identified as a director of Nutanix, Inc. (NTNX), submitted an initial Form 3 reporting his relationship to the issuer and providing a business address in San Jose, CA. The filing states no securities are beneficially owned by the reporting person. The form was filed individually and includes a power of attorney signature on behalf of Mr. Lavender.
Positive
- Disclosure filed meeting Section 16 initial reporting requirements
- No securities beneficially owned reported, which simplifies short-swing monitoring
Negative
- None.
Insights
TL;DR: Routine initial disclosure showing a director currently holds no beneficial shares; standard governance transparency.
The Form 3 is an initial Section 16 filing identifying Robert G. Lavender as a director of Nutanix, Inc. and disclosing that he does not beneficially own any securities of the issuer. For corporate governance, the filing fulfills mandatory reporting obligations and signals nothing material about insider alignment with shareholders because no holdings are reported. The presence of an executed power of attorney is standard when counsel files on behalf of the reporting person.
TL;DR: Compliance filing is complete and routine; absence of holdings reduces immediate Section 16 transaction monitoring needs.
The submission includes required identifying information and marks the Form as filed by a single reporting person. Because the filer reports no beneficial ownership, there are no non-derivative or derivative positions to monitor for short-swing profit rules at this time. This is a routine, low-impact disclosure from a regulatory perspective.