Nutanix (NTNX) President Maner Tarkan Exercises RSUs, Withholds 42,677 Shares

What Happened
Maner Tarkan, President and Chief Commercial Officer of Nutanix (NTNX), had several RSU installments convert to shares on Sept 15, 2026. Multiple RSU tranches (4,792; 2,647; 1,701; and 1,902 shares) were recorded as exercised/converted (derivative conversion, code M) at $0 per share, and the company withheld 42,677 shares to satisfy tax withholding obligations (code F) at $67.99 per share, totaling $2,901,609. The filing was submitted on Sept 17, 2026 for the Sept 15 transaction (timely).

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17 (timely).
• RSU conversions reported (each at $0 acquisition price): 4,792; 2,647; 1,701; 1,902 shares (appearing as acquired and corresponding derivative dispositions).
• Tax withholding: 42,677 shares withheld/disposed at $67.99, value $2,901,609 (code F; shares surrendered to issuer to satisfy taxes).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: these transactions relate to vested Restricted Stock Units (RSUs). Footnotes indicate multiple RSU grants that vest in 16 equal quarterly installments (first vesting dates Dec 15 of 2022–2025 for different awards).

Context
This was a routine RSU vesting and tax-withholding event (a cashless conversion where shares are withheld to cover taxes), not an open-market sale or purchase. Derivative code M indicates conversion/exercise of award rights (RSUs) into shares; code F denotes shares withheld for tax obligations. Such withholding transactions are common following RSU vesting and do not necessarily indicate a change in insider sentiment.