Form 4: Nutanix CFO Rukmini Sivaraman Reports Stock Transactions

Chief Financial Officer Rukmini Sivaraman of Nutanix, Inc. reports multiple transactions involving Class A Common Stock, including acquisitions through vesting of Restricted Stock Units (RSUs) and sales under a pre-arranged trading plan.

Summary

• Rukmini Sivaraman, CFO of Nutanix, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On June 15, 2024, Sivaraman acquired shares through the vesting of Restricted Stock Units (RSUs).
• These RSUs vest in 16 equal quarterly installments, contingent on continued service to Nutanix.
• Also on June 15, 2024, the issuer withheld 13,192 shares to satisfy tax obligations related to the vesting of RSUs at a price of $54.01.
• On June 18, 2024, Sivaraman sold 12,147 shares at a weighted average price of $53.1769 and 419 shares at $54.53 per share.
• These sales were executed automatically under a Rule 10b5-1 trading plan adopted on January 10, 2024.
• Following these transactions, Sivaraman directly owns 144,902 shares of Class A Common Stock and 61,950 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it's a factual report of trading activity.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider trading activity.
• The sales by the CFO may have a minor impact on the stock price, but the pre-arranged trading plan mitigates concerns about opportunistic trading.

Key Dates