Adam Karon - 01 Mar 2023 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
COO & GM Edge Technology Group
Signature
/s/ Thomas M. Lair, by power of attorney
Issuer symbol
AKAM
Transactions as of
01 Mar 2023
Net transactions value
-$313,619
Form type
4
Filing time
03 Mar 2023, 16:46:20 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 +5,218 +15% $0.000000 39,660 01 Mar 2023 Direct
transaction AKAM Common Stock Tax liability $168,069 -2,315 -5.8% $72.60 37,345 01 Mar 2023 Direct
transaction AKAM Common Stock Options Exercise $0 +4,431 +12% $0.000000 41,776 03 Mar 2023 Direct
transaction AKAM Common Stock Tax liability $145,550 -1,980 -4.7% $73.51 39,796 03 Mar 2023 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 -5,218 -50% $0.000000 5,219 01 Mar 2023 Common Stock 5,218 $0.000000 Direct F1, F2
transaction AKAM Restricted Stock Units Options Exercise $0 -4,431 -100% $0.000000* 0 03 Mar 2023 Common Stock 4,431 $0.000000 Direct F1, F3
* 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 1/3 on each of the first, second and third anniversaries of the date of grant.
F3 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.