Equinix Form 4 / BRANDI GALVIN MORANDI ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MORANDI BRANDI GALVIN

(Last)

(First)

(Middle)

C/O EQUINIX, INC.

ONE LAGOON DRIVE

(Street)

REDWOOD CITY

94065

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EQUINIX INC [ EQIX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/15/2025		M		1,377	A	$0	7,882	D
Common Stock	01/15/2025		M		1,082	A	$0	8,964	D
Common Stock	01/15/2025		M		1,118	A	$0	10,082	D
Common Stock	01/15/2025		M		767	A	$0	10,849	D
Common Stock	01/16/2025		S⁽¹⁾		80	D	$900.0725⁽²⁾	10,769	D
Common Stock	01/16/2025		S⁽¹⁾		220	D	$901.1086⁽³⁾	10,549	D
Common Stock	01/16/2025		S⁽¹⁾		200	D	$902.8	10,349	D
Common Stock	01/16/2025		S⁽¹⁾		300	D	$904.6967⁽⁴⁾	10,049	D
Common Stock	01/16/2025		S⁽¹⁾		300	D	$908.2633⁽⁵⁾	9,749	D
Common Stock	01/16/2025		S⁽¹⁾		200	D	$909.775⁽⁶⁾	9,549	D
Common Stock	01/16/2025		S⁽¹⁾		181	D	$914.4005⁽⁷⁾	9,368	D
Common Stock	01/16/2025		S⁽¹⁾		135	D	$915.4123⁽⁸⁾	9,233	D
Common Stock	01/16/2025		S⁽¹⁾		330	D	$916.7039⁽⁹⁾	8,903	D
Common Stock	01/16/2025		S⁽¹⁾		254	D	$917.6466⁽¹⁰⁾	8,649	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	01/15/2025		A		1,377		⁽¹¹⁾	⁽¹²⁾	Common Stock	1,377	$0	1,377	D
Restricted Stock Units	$0	01/15/2025		M			1,377	⁽¹¹⁾	⁽¹²⁾	Common Stock	1,377	$0	0	D
Restricted Stock Unit	$0	01/15/2025		M			1,082	⁽¹³⁾	⁽¹²⁾	Common Stock	1,082	$0	0	D
Restricted Stock Unit	$0	01/15/2025		M			1,118	⁽¹⁴⁾	⁽¹²⁾	Common Stock	1,118	$0	1,117	D
Restricted Stock Unit	$0	01/15/2025		M			767	⁽¹⁵⁾	⁽¹²⁾	Common Stock	767	$0	1,532	D

Explanation of Responses:

1. Shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax pursuant to the vesting of RSUs.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $899.30 to $900.25, inclusive. The reporting person undertakes to provide to Equinix, Inc, any security holder of Equinix Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3 through 10 to this Form 4.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $900.59 to $901.16 inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $904.12 to $905.00 inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $907.74 to $908.55 inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $909.70 to $909.85 inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $913.99 to $914.89 inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $915.00 to $915.83 inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $916.26 to $917.22 inclusive.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $917.42 to $917.87 inclusive.

11. On February 23, 2022, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the degree to which a relative Total Shareholder Return target was attained for the period January 1, 2022 to December 31, 2024. The Compensation Committee certified that the payout for this award would be 84.83% (out of a possible 100%) of the target to the reporting person based on the degree to which Equinix performed against the Russell 1000 Index

12. Restricted stock unit award expires upon reporting person's termination of service.

13. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2023 and an additional 33.33% of the RSUs will each vest on January 15, 2024 and January 15, 2025.

14. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2024 and an additional 33.33% of the RSUs will each vest on January 15, 2025 and January 15, 2026.

15. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2025 and an additional 33.33% of the RSUs will each vest on January 15, 2026 and January 15, 2027.

	/s/ Samantha Lagocki, POA	01/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Equinix (EQIX) Form 4EQUINIX / BRANDI GALVIN MORANDI ownership change