Form 4: Nutanix CFO Rukmini Sivaraman Sells Shares Under 10b5-1 Trading Plan

Nutanix CFO Rukmini Sivaraman sold shares of Class A Common Stock on April 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 10, 2024, Rukmini Sivaraman, the Chief Financial Officer of Nutanix, Inc., sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on January 10, 2024.
• A total of 7,024 shares were sold at a weighted average price of $63.864, with individual prices ranging from $63.52 to $64.49 per share.
• An additional 46,005 shares were sold at a weighted average price of $64.91, with individual prices ranging from $64.56 to $65.45 per share.
• Following these transactions, Sivaraman directly owns 144,635 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding stock sales by an executive, which is neither particularly positive nor negative.

Industry Context

Insider trading activity is routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to sell shares without being accused of acting on non-public information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates