Adam Karon - 21 Feb 2022 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role: COO & GM Edge Technology Group
Signature: /s/ Laura Howell, by power of attorney
Issuer symbol: AKAM
Transactions as of: 21 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2022, 15:06:07 UTC
Next filing: 24 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AKAM	Common Stock	Options Exercise	$0	+24,049	+226%	$0.000000	34,711	21 Feb 2022	Direct
transaction	AKAM	Common Stock	Tax liability	$0	-10,495	-30%	$0.000000	24,216	21 Feb 2022	Direct
transaction	AKAM	Common Stock	Options Exercise	$0	+5,435	+22%	$0.000000	29,651	21 Feb 2022	Direct
transaction	AKAM	Common Stock	Tax liability	$0	-2,414	-8.1%	$0.000000	27,237	21 Feb 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AKAM	Performance Restricted Stock Units	Options Exercise	$0	-24,049	-100%	$0.000000^*	0	21 Feb 2022	Common Stock	24,049	$0.000000	Direct	F1, F2
transaction	AKAM	TSR Restricted Stock Units	Options Exercise	$0	-5,435	-100%	$0.000000^*	0	21 Feb 2022	Common Stock	5,435	$0.000000	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F2	Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2019, 2020 and 2021. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2021 are certified. Amount reported reflects number of RSUs earned.
F3	Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2019, 2020 and 2021. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2021 are certified. Amount reported reflects number of RSUs earned.