F. Thomson Leighton - 21 Feb 2023 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
Chief Executive Officer, Director
Signature
/s/ Thomas M. Lair, by power of attorney
Issuer symbol
AKAM
Transactions as of
21 Feb 2023
Net transactions value
-$1,709,677
Form type
4
Filing time
23 Feb 2023, 15:56:19 UTC
Previous filing
10 Feb 2023
Next filing
24 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Award $0 +12,170 +98% $0.000000 24,601 21 Feb 2023 Direct F1
transaction AKAM Common Stock Tax liability $281,076 -3,679 -15% $76.40 20,922 21 Feb 2023 Direct
transaction AKAM Common Stock Options Exercise $0 +45,459 +214% $0.000000 66,707 21 Feb 2023 Direct
transaction AKAM Common Stock Tax liability $1,478,672 -19,129 -29% $77.30 47,578 21 Feb 2023 Direct
transaction AKAM Common Stock Purchase $25,027 +326 +0.69% $76.77 47,904 22 Feb 2023 Direct F2, F3
transaction AKAM Common Stock Purchase $25,043 +326 +0.68% $76.82 48,230 23 Feb 2023 Direct F2, F4
holding AKAM Common Stock 108,358 21 Feb 2023 See note F5
holding AKAM Common Stock 2,218,134 21 Feb 2023 See note F6
holding AKAM Common Stock 20,963 21 Feb 2023 See footnote F7

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 -45,459 -100% $0.000000* 0 21 Feb 2023 Common Stock 45,459 $0.000000 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares issued under the Akamai Technologies, Inc. Amended and Restated 2013 Stock Incentive Plan in payment of 2022 bonus award.
F2 Purchase was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Leighton on November 10, 2022.
F3 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $76.55 to $76.89, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $76.57 to $76.82, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F5 Held by the TBL Foundation of which Mr. Leighton serves as a trustee.
F6 Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99 of which Mr. Leighton serves as a trustee. Mr. Leighton disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein.
F7 Held by the David T. Leighton Trust of which F. Thomson Leighton is a trustee. F. Thomson Leighton disclaims beneficial ownership of shares held by such trust.
F8 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F9 Vesting of such RSUs is dependent on Akamai's achievement of specified financial performance targets for each of 2020, 2021 and 2022. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2022 are certified. Amount reported reflects number of RSUs earned.