Nutanix (NTNX) CEO Rajiv Ramaswami Sells 252,956 Shares for Taxes

What Happened

• Rajiv Ramaswami, CEO of Nutanix, converted vested restricted stock units (RSUs) into common shares and had 252,956 shares withheld by the company to satisfy tax withholding obligations. The withheld shares were valued at $67.99 each, totaling $17,198,478. Several RSU conversion events are reported at $0 (conversion), with the withholding reported as a disposal (code F).

Key Details

• Transaction date: September 15, 2026; Filing date: September 17, 2026 (timely).
• Withheld shares: 252,956 at $67.99 per share; total value ≈ $17,198,478.
• Report shows RSU conversions (zero-dollar derivative exercises) for multiple tranches (e.g., 17,207; 15,885; 8,508; 8,830 shares listed).
• Footnotes: RSUs represent a right to one share each and vest in scheduled quarterly installments (footnotes F1–F6 describe vesting schedules); F1 notes shares were withheld to satisfy tax obligations.
• Shares owned after the transaction: not specified in the filing.

Context

• This is not an open-market sale but a routine net-share settlement/tax-withholding following RSU vesting (often called a cashless/net settlement). Such withholdings are standard employer actions to meet tax liabilities and do not necessarily indicate the insider’s market view.