Nutanix Announces $300 Million Accelerated Share Repurchase (Form 8-K)

Nutanix Announces $300 Million Accelerated Share Repurchase

$300 Million Accelerated Share Repurchase in Addition to $82.5 Million Repurchased in Current Fiscal Year

SAN JOSE, Calif. - Dec. 17, 2025 - Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Bank of America, N.A. to repurchase $300 million of Nutanix common stock. The ASR will be completed under Nutanix's existing share repurchase authorization. Nutanix intends to fund the ASR with existing cash on hand. Upon completion of the ASR, and excluding any future additional repurchases, Nutanix expects to have repurchased approximately $382.5 million of its common stock since the beginning of fiscal year 2026.

"This accelerated share repurchase reflects our confidence in the business and our ability to generate sustained growth in revenue and free cash flow," said Rajiv Ramaswami, President and CEO of Nutanix. "Our strong balance sheet gives us the flexibility to continue to innovate for our customers and invest in the business while also delivering returns to stockholders."

Under the ASR agreement, on December 17, 2025, Nutanix will pay $300 million to Bank of America and expects to receive an initial delivery of approximately 4,972,032 shares of Nutanix common stock, representing 80% of the value of the $300 million payment under the ASR agreement. The total number of shares to be repurchased by Nutanix under the ASR agreement will be based on the volume-weighted average price of Nutanix common stock on specified dates during the term of the ASR agreement, less a discount, and subject to customary adjustments pursuant to the terms and conditions of the ASR agreement. Final settlement under the ASR agreement is expected to occur before the end of January 2026.