Mani Sundaram - 01 Mar 2023 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
EVP and GM Security
Signature
/s/ Shaan Majmudar, as power of attorney
Issuer symbol
AKAM
Transactions as of
01 Mar 2023
Net transactions value
-$140,208
Form type
4
Filing time
03 Mar 2023, 16:43:24 UTC
Previous filing
23 Feb 2023
Next filing
31 Mar 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 Options Exercise $0 +2,501 +19% $0.000000 15,942 01 Mar 2023 See footnote F1
transaction AKAM Common Stock Tax liability $62,581 -862 -5.4% $72.60 15,080 01 Mar 2023 See footnote F1
transaction AKAM Common Stock Options Exercise $0 +2,364 +16% $0.000000 17,444 03 Mar 2023 See footnote F1
transaction AKAM Common Stock Tax liability $77,627 -1,056 -6.1% $73.51 16,388 03 Mar 2023 See footnote F1

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 -2,501 -50% $0.000000 2,502 01 Mar 2023 Common Stock 2,501 $0.000000 Direct F2, F3
transaction AKAM Restricted Stock Units Options Exercise $0 -2,364 -100% $0.000000* 0 03 Mar 2023 Common Stock 2,364 $0.000000 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee.
F2 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F3 RSUs vest 1/3 on each of the first, second and third anniversaries of the date of grant.
F4 Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F5 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.