Sivaraman Rukmini 4

What Happened

• Sivaraman Rukmini, Chief Financial Officer of Nutanix (NTNX), had RSUs vest and convert into a total of 22,150 shares on March 15, 2026. Because these were RSU conversions (no exercise price), the acquisition entries show $0 per share.
• To satisfy tax withholding on the vested RSUs, 8,064 shares were withheld by the issuer at a reported value of $39.29 per share, totaling approximately $316,835. The remaining vested shares (about 14,086) were retained by Rukmini.

Key Details

• Transaction date: 2026-03-15 (reported on Form 4 filed 2026-03-17).
• Conversion (derivative code M): 22,150 RSUs converted to common shares at $0 per share (each RSU equals one share per footnote).
• Tax withholding (code F): 8,064 shares withheld at $39.29/share → ~$316,835 withheld to cover taxes.
• Footnotes: Multiple RSU grants converted; each grant vests in 16 equal quarterly installments with varying initial vest dates (see F3–F7). F1 confirms shares were withheld to satisfy tax withholding.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Filing timeliness: Form 4 was filed two days after the transaction date (no late filing indicated in the provided data).

Context

• These were RSU vesting and conversion events (not open-market purchases or sales). Withholding of shares to cover taxes is routine and not a market sale — it’s a common way companies satisfy withholding obligations on vested equity.
• Transaction codes: M = option/derivative conversion (here, RSU → share conversion); F = shares withheld to pay tax liability.
• This activity is typical executive compensation administration and should not be interpreted, by itself, as a signal of the officer’s view of company prospects.