Paul C. Joseph - Sep 15, 2023 Form 4 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
Sep 15, 2023
Transactions value $
-$422,680
Form type
4
Date filed
9/15/2023, 04:49 PM
Previous filing
May 16, 2023
Next filing
Nov 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Sale -$423K -4K -12.47% $105.67 28.1K Sep 15, 2023 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Held by PJ Joseph Trust 2020 for which the Reporting Person serves as trustee.
F2 Sale was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Joseph on May 25, 2023.