TAYLOR KEITH D 4

What Happened

• Keith D. Taylor, Chief Financial Officer of Equinix (EQIX), converted/ exercised derivative awards into common stock on Feb 17, 2026 and received a grant; he then sold shares in the open market on Feb 18, 2026. The filing shows conversions/exercises of 1,096, 1,111 and 2,397 shares (total 4,604) at $0.00 and a separate grant/award of 4,793 shares. On Feb 18 he sold 2,422 shares in multiple transactions for total proceeds of approximately $2,262,757 (prices roughly $926.67 to $943.86 per share; detailed weighted-average ranges are noted in the filing).

Key Details

• Transaction dates: conversions/exercises and award recorded 2026-02-17; open-market sales executed 2026-02-18; Form 4 filed 2026-02-19.
• Sales: 2,422 shares sold across multiple trades, proceeds ≈ $2,262,757; largest single reported line was 542 shares for $502,917 (weighted averages and price ranges provided in footnotes).
• Acquisition: Exercises/conversions totaled 4,604 shares (at $0.00) and an additional award of 4,793 shares was recorded; an ESPP purchase of 32.243 shares on Feb 13, 2026 is also noted (footnote F1).
• Shares owned after the transaction: not specified in the excerpt provided.
• Notable footnotes: sales were executed under a 10b5-1 trading plan to raise funds to pay withholding taxes from RSU vesting (F2); many sale prices are reported as weighted averages with ranges listed in footnotes (F3–F15); several footnotes (F16–F19) describe prior performance-RSU grants and vesting schedules.
• Timeliness: Filing dated Feb 19, 2026, which is within the typical Form 4 reporting window for the Feb 17–18 transactions.

Context

• Derivative activity labeled “M” indicates exercise/conversion of derivative awards (e.g., RSUs/PRSUs) into shares at $0.00 exercise price, per the filing. Many of the resulting shares were then sold in the open market—consistent with net-share sales to cover tax withholding following vesting, as noted in footnote F2. Sales under a 10b5-1 plan are generally pre-arranged and routine; they do not by themselves indicate a change in the insider’s view of the company.