Kim Salem-Jackson - 16 Sep 2022 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Signature
/s/ Shaan K. Majmudar, as power of attorney
Issuer symbol
AKAM
Transactions as of
16 Sep 2022
Net transactions value
-$12,001
Form type
4
Filing time
16 Sep 2022, 16:18:51 UTC
Previous filing
16 Aug 2022
Next filing
14 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +460 +2% $0.000000 23,857 16 Sep 2022 Direct
transaction AKAM Common Stock Tax liability $12,001 -136 -0.57% $88.24 23,721 16 Sep 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 Restricted Stock Units Options Exercise $0 -460 -14% $0.000000 2,758 16 Sep 2022 Common Stock 460 $0.000000 Direct F1, F2
* 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 RSUs vest over three years as follows: 1/3 on the first anniversary of the date of grant with the remaining 2/3 vesting in equal installments of 8-1/3% each quarter thereafter.