Form 4: Nutanix CEO Rajiv Ramaswami Sells Shares Under 10b5-1 Plan
SEC Filing Form 4
Rajiv Ramaswami, CEO of Nutanix, Inc., sold 7,740 shares of Class A Common Stock at $75 per share under a pre-arranged 10b5-1 trading plan.
Summary
- Rajiv Ramaswami, the President and CEO of Nutanix, Inc., reported a transaction involving the sale of company stock.
- On March 24, 2025, Ramaswami sold 7,740 shares of Class A Common Stock at a price of $75 per share.
- The sale was executed automatically under a Rule 10b5-1 trading plan adopted on September 9, 2024.
- Following the transaction, Ramaswami directly owns 558,366 shares of Class A Common Stock, which includes 321 shares acquired through the Employee Stock Purchase Plan on March 20, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a change in the CEO's confidence in the company.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned through 10b5-1 trading plans to avoid accusations of trading on inside information. The market typically views these sales in the context of the overall health and prospects of the company.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 2024-09-09 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| 2025-03-20 | Date of Class A Common Stock acquired under the Nutanix, Inc. Employee Stock Purchase Plan |
| 2025-03-24 | Date of the stock sale transaction |
| 2025-03-25 | Date of the signature on the report |
Keywords
Nutanix, Rajiv Ramaswami, NTNX, Form 4, Stock Sale, 10b5-1 Plan, CEO, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.