Nutanix, Inc. 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information for Common Stock Our Class A common stock began trading publicly on the NASDAQ Stock Market under the ticker symbol "NTNX" on September 30, 2016. Prior to that time, there was no public market for our Class A common stock. The following table sets forth, for the periods indicated, the high and low sale prices of our Class A common stock as reported on the Nasdaq Global Select Market. Fiscal 2021 Fiscal 2022 Fiscal Quarter: High Low High Low First quarter $ 28.71 $ 20.84 $ 43.95 $ 33.10 Second quarter $ 33.86 $ 23.36 $ 36.28 $ 24.71 Third quarter $ 35.07 $ 25.65 $ 28.47 $ 22.14 Fourth quarter $ 39.95 $ 26.54 $ 26.34 $ 13.75 Holders of Record As of July 31, 2022, there were 92 holders of record of our Class A common stock. This figure does not include a substantially greater number of "street name" holders or beneficial holders of our common stock whose shares are held of record by banks, brokers and other financial institutions. Dividend Policy We have never declared or paid cash dividends on our common stock. We currently intend to retain all available funds and any future earnings for use in the operation of our business and do not anticipate paying any dividends in the foreseeable future. Any future determination to declare dividends will be made at the discretion of our Board of Directors, subject to applicable laws and will depend on our financial condition, operating results, capital requirements, general business conditions and other factors that our Board of Directors may deem relevant. Unregistered Sales of Equity Securities and Use of Proceeds None. 59 Table of Contents Purchases of Equity Securities by the Issuer Share Repurchase Program The following table provides information with respect to the shares of our Class A common stock we repurchased during the fiscal year ended July 31, 2022: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program (1) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) September 1, 2021 - September 30, 2021 1,368,780 $ 42.77 1,368,780 $ — (1) In September 2021, we used approximately $58.5 million of the net cash proceeds from the issuance of $97.7 million in aggregate principal amount of our 0.25% convertible senior notes due 2027 to repurchase shares of Class A common stock in open market transactions. 60 Table of Contents Stock Performance Graph The following graph shows a comparison from July 31, 2017 through July 31, 2022 of the cumulative total return for our Class A common stock based on the closing price on the last day of each respective period. The graph assumes an initial investment of $100 on July 31, 2017 in the common stock of Nutanix, Inc., the NASDAQ Composite Index and NASDAQ Computer Index and assumes reinvestment of any dividends. The stock price performance on the following graph is not necessarily indicative of future stock price performance. Fiscal Year 7/31/17 7/31/18 7/31/19 7/31/20 7/31/21 7/31/22 Nutanix, Inc. $ 100.00 $ 230.12 $ 106.85 $ 104.45 $ 169.55 $ 71.22 Nasdaq Composite Index $ 100.00 $ 122.13 $ 131.59 $ 174.72 $ 240.30 $ 204.37 Nasdaq Computer Index $ 100.00 $ 127.40 $ 143.94 $ 210.14 $ 281.92 $ 239.56 The information on the above graph shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act, and shall not be incorporated by reference into any registration statement or other document filed by us with the SEC, whether made before or after the date of this Annual Report on Form 10-K, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing. 61 Table of Contents Securities Authorized for Issuance Under Equity Compensation Plans The information required by this item is incorporated herein by reference to our definitive proxy statement for our 2022 annual meeting of stockholders, which will be filed no later than 120 days after the end of our fiscal year ended July 31, 2022. Item 6. [Reserved] 62 Table of Contents NUTANIX, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations