F. Thomson Leighton - Mar 1, 2023 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
Chief Executive Officer, Director
Signature
/s/ Thomas M. Lair, by power of attorney
Stock symbol
AKAM
Transactions as of
Mar 1, 2023
Transactions value $
-$811,639
Form type
4
Date filed
3/3/2023, 04:43 PM
Previous filing
Feb 28, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Purchase $25.1 K +346 +0.7% $72.43 49.6 K Mar 1, 2023 Direct F1, F2
transaction AKAM Common Stock Options Exercise $0 +13.6 K +27.32% $0.00 63.1 K Mar 1, 2023 Direct
transaction AKAM Common Stock Tax liability -$462 K -6.37 K -10.09% $72.60 56.8 K Mar 1, 2023 Direct
transaction AKAM Common Stock Purchase $25.1 K +343 +0.6% $73.08 57.1 K Mar 2, 2023 Direct F1, F3
transaction AKAM Common Stock Purchase $25.1 K +338 +0.59% $74.17 57.5 K Mar 3, 2023 Direct F1, F4
transaction AKAM Common Stock Options Exercise $0 +12.9 K +22.49% $0.00 70.4 K Mar 3, 2023 Direct
transaction AKAM Common Stock Tax liability -$424 K -5.77 K -8.24% $73.51 64.3 K Mar 3, 2023 Direct F5
holding AKAM Common Stock 108 K Mar 1, 2023 See note F6
holding AKAM Common Stock 21 K Mar 1, 2023 See footnote F7
holding AKAM Common Stock 2.22 M Mar 1, 2023 See note F8

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 -13.6 K -50% $0.00 13.6 K Mar 1, 2023 Common Stock 13.6 K $0.00 Direct F9, F10
transaction AKAM Restricted Stock Units Options Exercise $0 -12.9 K -100% $0.00 0 Mar 3, 2023 Common Stock 12.9 K $0.00 Direct F9, F11

Explanation of Responses:

Id Content
F1 Purchase was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Leighton on November 10, 2022.
F2 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $72.37 to $72.48, 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.
F3 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $73.07 to $73.20, 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 $74.00 to $74.62, 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 The Form 4 filed on February 23, 2023 inadvertently overstated the Reporting Person's direct holdings by 326 shares, an error that was carried forward on subsequent filings. Column 5 of Table I reflects the number of shares of Akamai common stock beneficially owned by the Reporting Person following the reported transactions as of March 3, 2023.
F6 Held by the TBL Foundation of which Mr. Leighton serves as a trustee.
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 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.
F9 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F10 RSUs vest 1/3 on each of the first, second and third anniversaries of the date of grant.
F11 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.

Remarks:

EXHIBIT LIST: EX-24 Leighton POA June 2022, GRAPHIC Leighton POA Graphic 2, GRAPHIC Leighton POA Graphic 1