Martin Brian 4

What Happened

• Brian Martin, Chief Legal Officer of Nutanix (NTNX), had restricted stock units (RSUs) convert into 4,727 shares on June 15, 2026 (two conversion events: 2,825 and 1,902 shares). The RSUs converted at $0.00 (no exercise price).
• To satisfy tax withholding, 1,697 of those shares were withheld by the company at an indicated price of $49.40 per share, totaling $83,832. Net shares delivered to Martin were 3,030 (4,727 converted − 1,697 withheld).
• These transactions are routine RSU vest/settlement activity rather than open-market purchases or sales.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely filing).
• Conversion/exercise reported as derivative transactions (code M) at $0.00 for 4,727 shares.
• Tax withholding reported as disposition (code F): 1,697 shares withheld at $49.40 each = $83,832.
• Net shares received by Martin: 3,030 (4,727 − 1,697).
• Footnotes: RSUs represent contingent rights to one share each (F3). Vesting schedule: 25% vested Sept 15, 2025, with remaining vesting in 16 quarterly installments (F4, F5). Filing notes include 602 ESPP shares acquired March 20, 2026 (F1).
• Shares owned after the transaction are not specified in the excerpt of the filing.

Context

• These entries reflect RSU settlement and standard tax-withholding (company retains shares to cover withholding), not an open-market sale. The $0.00 amounts indicate conversion of RSUs (no cash exercise price). Such tax-withholding is common and does not necessarily indicate a change in insider sentiment.