Maner Tarkan 4

What Happened
Maner Tarkan, President and Chief Commercial Officer of Nutanix (NTNX), had RSUs convert to 11,041 shares on March 15, 2026 (reported on Form 4 filed March 17, 2026). The conversion entries are coded as M (exercise/conversion of derivative) and show an acquisition price of $0.00 because these were RSU settlements. To satisfy withholding tax obligations (code F), 4,093 of those shares were withheld by the issuer at an implied value of $39.29 per share, totaling $160,814. This was not an open-market sale of shares—it was routine vesting and issuer tax withholding.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed within typical 2-business-day window).
• Shares converted (vested): 11,041 shares (sum of 4,791 + 2,647 + 1,701 + 1,902). Acquired at $0.00 (RSU conversion).
• Shares withheld for tax: 4,093 shares disposed to issuer at $39.29/share = $160,814 (tax withholding).
• Net shares delivered to insider: 11,041 − 4,093 = 6,948 shares (net increased position).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one share; F3–F6 = RSU grants vest in 16 equal quarterly installments with first vesting dates on Dec 15 of 2022, 2023, 2024 and 2025 respectively.

Context
This is a standard RSU vesting and withholding event (derivative conversion followed by issuer withholding to cover taxes), not an open-market sale or purchase. Code explanations: M = exercise/conversion of derivative (here, RSU-to-share conversion); F = payment of tax liability via share withholding. Routine vesting and withholding transactions are common and do not alone indicate an insider buying or selling stock in the open market.