MORANDI BRANDI GALVIN 4

What Happened
Brandi Galvin, Chief People Officer of Equinix (EQIX), sold 424 shares on April 8, 2026. The shares were disposed at $1,020.00 each, for a total transaction value of $432,480. This was a sale (code S) and is reported as executed under a pre-established 10b5-1 trading plan, which often indicates a routine, pre-planned disposition rather than a new decision based on current company developments.

Key Details

• Transaction date: 2026-04-08; filing date: 2026-04-09 (timely filing).
• Price per share: $1,020.00; shares sold: 424; total proceeds: $432,480.
• Shares owned after the transaction: Not disclosed in this Form 4.
• Footnote: Sale executed pursuant to a 10b5-1 trading plan (pre-established plan).
• Transaction type listed as sale (S); filing does not indicate tax withholding or option exercise.

Context
10b5-1 plans allow insiders to sell shares according to a pre-set schedule and are commonly used to avoid accusations of trading on inside information. Sales under such plans are generally considered routine and do not necessarily signal a change in an insider’s view of the company. Retail investors typically weigh purchases more heavily than planned sales when interpreting insider activity.