Paul C. Joseph - 06 Mar 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
Issuer symbol: AKAM
Transactions as of: 06 Mar 2023
Net transactions value: -$111,586
Form type: 4/A - Amendment
Filing time: 31 Mar 2023, 16:31:51 UTC
Date Of Original Report: 08 Mar 2023
Previous filing: 03 Mar 2023
Next filing: 05 Apr 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	+3,332	+10%	$0.000000	36,554	07 Mar 2023	See footnote	F1
transaction	AKAM	Common Stock	Tax liability	$111,586	-1,489	-4.1%	$74.94	35,065	07 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	Award	$0	+20,016		$0.000000	20,016	06 Mar 2023	Common Stock	20,016	$0.000000	Direct	F2, F3
transaction	AKAM	Performance Restricted Stock Units	Award	$0	+8,006		$0.000000	8,006	06 Mar 2023	Common Stock	8,006	$0.000000	Direct	F2, F4, F5
transaction	AKAM	TSR Restricted Stock Units	Award	$0	+12,009		$0.000000	12,009	06 Mar 2023	Common Stock	12,009	$0.000000	Direct	F2, F4, F6
transaction	AKAM	Restricted Stock Units	Options Exercise	$0	-3,332	-33%	$0.000000	6,667	07 Mar 2023	Common Stock	3,332	$0.000000	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.