PAISLEY CHRISTOPHER B 4

What Happened

• Christopher B. Paisley, a director of Equinix, had a derivative conversion on 2026-05-21 that resulted in 302 shares being acquired at $0.00 and a corresponding disposition of 302 derivative units at $0.00. The zero-dollar amounts indicate conversion/vesting of restricted stock units (RSUs) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21 (Form 4 filed same day, timely)
• Action: Exercise/conversion of derivative (code M) — 302 shares acquired at $0.00; 302 derivative units disposed at $0.00
• Shares owned after transaction: not specified in the provided excerpt of the filing
• Footnotes:
  • F1: RSUs vest on the earlier of May 21, 2026 or the next regular stockholder meeting if the director does not stand for re-election, provided continuous service through vesting.
  • F2: The RSU award expires upon the reporting person's termination of service.
• No open-market sale or purchase recorded — this was a conversion of RSUs into common shares.

Context

• Converting RSUs to shares is a routine equity-compensation event and does not by itself signal buying or selling sentiment by the insider. The zero price reflects that vested award units converted into shares, not a cash transaction or market sale.