Paul C. Joseph - Mar 6, 2023 Form 4/A - Amendment Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
EVP - Global Sales
Signature
/s/ Shaan K. Majmudar, as power of attorney
Stock symbol
AKAM
Transactions as of
Mar 6, 2023
Transactions value $
-$111,586
Form type
4/A - Amendment
Date filed
3/31/2023, 04:31 PM
Date Of Original Report
Mar 8, 2023
Previous filing
Mar 3, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +3.33K +10.03% $0.00 36.6K Mar 7, 2023 See footnote F1
transaction AKAM Common Stock Tax liability -$112K -1.49K -4.07% $74.94 35.1K Mar 7, 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 Award $0 +20K $0.00 20K Mar 6, 2023 Common Stock 20K $0.00 Direct F2, F3
transaction AKAM Performance Restricted Stock Units Award $0 +8.01K $0.00 8.01K Mar 6, 2023 Common Stock 8.01K $0.00 Direct F2, F4, F5
transaction AKAM TSR Restricted Stock Units Award $0 +12K $0.00 12K Mar 6, 2023 Common Stock 12K $0.00 Direct F2, F4, F6
transaction AKAM Restricted Stock Units Options Exercise $0 -3.33K -33.32% $0.00 6.67K Mar 7, 2023 Common Stock 3.33K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by PJ Joseph Trust 2020 for which the Reporting Person serves as trustee.
F2 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F3 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F4 The number of RSUs is being amended due to an inadvertent administrative error.
F5 Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2023, 2024 and 2025. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2025 are certified. Amount reported is target issuable.
F6 Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2023, 2024 and 2025. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2025 are certified. Amount reported is target issuable.