Lin Jonathan 4

What Happened

• Jonathan Lin, Chief Business Officer of Equinix, exercised/converted derivative awards and received an award, then sold a portion of the shares. On Feb 17, 2026 he converted/exercised 2,490 derivative shares (458 + 518 + 1,514) at $0.00 (no cash paid) and was recorded as acquiring a 3,027-share award the same day. On Feb 18, 2026 he sold a total of 1,124.25 shares in open-market transactions, generating roughly $1,057,391 in proceeds (weighted-average prices reported across multiple trades).

Key Details

• Transaction dates: conversions/exercises and award recorded Feb 17, 2026; open-market sales on Feb 18, 2026.
• Sales: 1,124.25 shares sold for total proceeds ≈ $1,057,391 (various per-share prices, weighted averages reported).
• Exercises/awards: 2,490 shares converted/exercised at $0.00 and 3,027 shares acquired as an award (all recorded Feb 17, 2026).
• Reason for sales: Footnote F2 indicates shares were sold pursuant to a 10b5-1 trading plan to raise funds to pay required withholding tax from RSU vesting.
• Price ranges: per-footnotes, the sale prices were executed in multiple transactions across ranges roughly $932–$945 (weighted averages and ranges provided in the filing).
• Shares owned after transaction: not specified in the data provided in this summary (check the Form 4 for total holdings).
• Filing timeliness: filed Feb 19, 2026 for transactions through Feb 17–18, 2026 — appears to be timely (Form 4 is typically due within two business days).

Context

• These filings reflect conversions/vestings of equity awards (derivative conversions and an award at $0.00) followed by partial disposition. The $0.00 exercise/award amounts indicate shares delivered on vesting or conversion rather than a cash purchase. The sale appears routine and linked to tax-withholding needs under a 10b5-1 plan rather than an open-market purchase as a bullish signal.