RAMASWAMI RAJIV 4
Research Summary
AI-generated summary
Nutanix (NTNX) CEO Rajiv Ramaswami Exercises Derivatives, Company Withholds Shares
What Happened Rajiv Ramaswami, CEO of Nutanix, exercised/converted a total of 50,427 derivative units into Class A common stock on June 15, 2026 (reported June 17, 2026). The company withheld 27,207 shares to satisfy tax withholding obligations at $49.40 per share, generating proceeds of $1,344,026. The exercises show $0 exercise price in the filing (typical for RSU conversions or certain option/award adjustments).
Key Details
- Transaction date: June 15, 2026; filing date: June 17, 2026 (timely).
- Derivative exercises/conversions acquired: 17,206 + 15,884 + 8,507 + 8,830 = 50,427 shares (reported as exercised/conversion, code M).
- Shares withheld/disposed to cover taxes: 27,207 shares at $49.40 each = $1,344,026 (reported under code F).
- Footnotes: F1 notes 331 shares from the Employee Stock Purchase Plan (ESP P) acquired March 20, 2026. F2 indicates shares were withheld to satisfy tax withholding on RSU vesting. F3–F7 describe that each RSU equals one share and outline the RSU vesting schedules (16 quarterly installments starting Dec 15 of 2022–2025 as applicable).
- Shares owned after transaction: not specified in the provided extract of the filing.
- Filing status: appears timely (filed two days after the transaction).
Context
- This appears to be a routine net settlement of vested equity (conversion of RSUs/derivatives and withholding shares to cover taxes), not an open-market sale for investment purposes. Tax-withholding disposals are common and typically reflect tax obligations rather than a directional bet on the stock.
- Transaction codes: M = option/derivative exercise or conversion; F = shares withheld/paid to satisfy tax liabilities.