Abdel Raouf 4
4 · EQUINIX INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Equinix (EQIX) EVP Abdel Raouf Exercises/Receives Shares and Sells Stock
What Happened
- Abdel Raouf, EVP, Global Operations at Equinix, exercised/converted derivative awards and received an award on Feb 17, 2026 (total acquired: 2,673 shares from exercises/conversions + 3,279 shares from an award = 5,952 shares acquired at $0). On Feb 18, 2026 he sold 1,169 shares in multiple open‑market transactions for aggregate proceeds of approximately $1,099,480 (~$1.10M).
- Sales prices ranged roughly from $932 to $948 per share (weighted average prices reported for groups of trades). The exercised/conversion transactions are reported as derivative exercises (code M) and the award as a grant/award (code A); the sales are open‑market sales (code S).
Key Details
- Transaction dates: exercises/conversion and award on 2026-02-17; open‑market sales on 2026-02-18. Form 4 filed 2026-02-19 (timely).
- Shares sold: 1,169 shares; proceeds ≈ $1,099,480. Prices ranged ~ $932.32 to $948.30 across multiple trades (weighted averages reported).
- Shares acquired: 2,673 shares (exercises/conversions) + 3,279 shares (award) acquired at $0.
- Shares owned after transaction: not specified in the excerpt of this filing.
- Notable footnotes: sales were made pursuant to a 10b5‑1 trading plan to raise funds to pay required withholding tax related to RSU vesting (F2). Several footnotes (F3–F11) note the reported prices are weighted averages across multiple executions. Footnotes F12–F15 describe performance RSU grant/vesting schedules relevant to these derivative awards.
- Transaction codes explained: M = exercise/conversion of derivative; A = award/grant; S = sale; F (in footnotes) references tax/withholding context.
Context
- This pattern (derivative conversion/award followed by immediate or next‑day sales) is consistent with vesting of restricted/performance stock units and selling a portion of shares to cover tax withholding (a cashless outcome), not necessarily an independent investment decision. The filing is informational and was made within the normal Form 4 filing window.
Insider Transaction Report
Form 4
EQUINIX INCEQIX
Abdel Raouf
EVP, Global Operations
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-17+515→ 7,882.409 total - Exercise/Conversion
Common Stock
2026-02-17+518→ 8,400.409 total - Exercise/Conversion
Common Stock
2026-02-17+1,640→ 10,040.409 total - Sale
Common Stock
[F2][F3]2026-02-18$932.94/sh−43$40,117→ 9,997.409 total - Sale
Common Stock
[F2][F4]2026-02-18$934.45/sh−85$79,428→ 9,912.409 total - Sale
Common Stock
[F2]2026-02-18$935.39/sh−8$7,483→ 9,904.409 total - Sale
Common Stock
[F2][F5]2026-02-18$937.79/sh−144$135,041→ 9,760.409 total - Sale
Common Stock
[F2][F6]2026-02-18$938.86/sh−115$107,969→ 9,645.409 total - Sale
Common Stock
[F2][F7]2026-02-18$940.12/sh−175$164,522→ 9,470.409 total - Sale
Common Stock
[F2][F8]2026-02-18$941.04/sh−231$217,380→ 9,239.409 total - Sale
Common Stock
[F2][F9]2026-02-18$942.04/sh−155$146,017→ 9,084.409 total - Sale
Common Stock
[F2][F10]2026-02-18$943.47/sh−43$40,569→ 9,041.409 total - Sale
Common Stock
[F2][F11]2026-02-18$944.96/sh−77$72,762→ 8,964.409 total - Sale
Common Stock
[F2]2026-02-18$948.30/sh−93$88,192→ 8,871.409 total - Exercise/Conversion
Restricted Stock Units
[F12][F13]2026-02-17−515→ 0 totalExercise: $0.00→ Common Stock (515 underlying) - Exercise/Conversion
Restricted Stock Units
[F14][F13]2026-02-17−518→ 518 totalExercise: $0.00→ Common Stock (518 underlying) - Award
Restricted Stock Unit
[F15][F13]2026-02-17+3,279→ 3,279 totalExercise: $0.00→ Common Stock (3,279 underlying) - Exercise/Conversion
Restricted Stock Unit
[F15][F13]2026-02-17−1,640→ 1,639 totalExercise: $0.00→ Common Stock (1,640 underlying)
Footnotes (15)
- [F1]30.7510 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 13, 2026.
- [F10]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.
- [F11]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.
- [F12]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.
- [F13]Restricted stock unit award expires upon reporting person's termination of service.
- [F14]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.
- [F15]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.
Signature
/s/ Samantha Lagocki, POA|2026-02-19