Abdel Raouf 4

What Happened

• Abdel Raouf, EVP, Global Operations at Equinix (EQIX), received a 584-share restricted stock unit (RSU) award on March 11, 2026 (2025 Annual Incentive Plan). The RSUs were converted to 584 shares the same day (reported as an exercise/conversion at $0.00).
• On March 12, 2026 he sold all 584 shares in multiple open-market trades for total proceeds of $563,960 (weighted average sale price ≈ $965.62 per share). These sales were made pursuant to a pre-established 10b5-1 trading plan to raise cash to pay required withholding taxes.

Key Details

• Transaction dates: RSU grant and conversion on 2026-03-11; sales executed 2026-03-12; Form 4 filed 2026-03-13.
• Total shares sold: 584; total proceeds: $563,960; approximate average sale price: $965.62/share.
• Footnotes: sales were made under a 10b5-1 plan to cover tax withholding; price reporting uses weighted averages with per-tranche ranges provided in the filing.
• Shares owned after the transactions: not specified in the excerpt of this Form 4.
• Filing timeliness: Form 4 was filed the next business day (no late filing flag reported).

Context

• These transactions reflect a routine post-vesting settlement and sale to cover tax obligations rather than an open-market purchase indicating a bullish signal. The conversion at $0.00 reflects RSU settlement (no exercise price). The use of a 10b5-1 plan means the sales were pre-planned and automated.