<PAGE>
Prospectus Supplement No. 4 Filed Pursuant To Rule 424(b)(3)
To Prospectus Dated February 11, 2000 Registration No. 333-95935
$500,000,000
EXODUS COMMUNICATIONS, INC.
4 3/4% Convertible Subordinated Notes Due July 15, 2008 and 7,101,700
shares of Common Stock Issuable Upon Conversion of the Notes
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This prospectus supplement relates to the resale by the holders of 4 3/4%
Convertible Subordinated Notes due March 15, 2008 of Exodus Communications, Inc.
and the shares of common stock of Exodus issuable upon the conversion of the
notes.
This prospectus supplement should be read in conjunction with the prospectus
dated February 11, 2000 and the prospectus supplements dated April 10, 2000,
May 25, 2000 and September 18, 2000, which are to be delivered with this
prospectus supplement. All capitalized terms used but not defined in this
prospectus supplement shall have the meanings given them in the prospectus.
The information in the table appearing under the heading "Selling Holders"
in the prospectus is superseded in part by the information appearing in the
table below.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
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Name Principal Amount of Common Stock Common Common Stock Owned
Notes Beneficially Owned Prior to Stock After Completion
Owned and Offered the 0ffering Offered of the Offering
(1) (2) (2)
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Security Trend 500,000 7,101 7,101 0
Partners
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Goldman Sachs and 999,999 14,203 14,203 0
Company
-------------------------------------------------------------------------------------------
Lutheran 500,000 7,101 7,101 0
Brotherhood Series
High Yield
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</TABLE>
(1) Includes common stock into which the notes are convertible.
(2) Assumes a conversion rate of 14.2034 shares per $1,000 principal amount of
notes and a cash payment in lieu of any fractional interest.
Investing in our common stock or our convertible subordinated notes involves
a high degree of risk. Please carefully consider the "Risk Factors" beginning
on Page 4 of this prospectus and those contained in documents incorporated by
reference into this prospectus.
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Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of this prospectus or this prospectus supplement. Any
representation to the contrary is a criminal offense.
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The date of this prospectus supplement is November 22, 2000.
