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

Signature
/s/ Thomas M. Lair, as power of attorney
Issuer symbol
AKAM
Transactions as of
16 Dec 2022
Net transactions value
-$16,091
Form type
4
Filing time
16 Dec 2022, 15:14:56 UTC
Previous filing
14 Nov 2022
Next filing
23 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +459 +1.9% $0.000000 24,540 16 Dec 2022 Direct
transaction AKAM Common Stock Tax liability $16,091 -188 -0.77% $85.59 24,352 16 Dec 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 -459 -17% $0.000000 2,299 16 Dec 2022 Common Stock 459 $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.