Edward J. McGowan - Sep 18, 2023 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
Chief Financial Officer
Signature
/s/ Thomas M. Lair, as power of attorney
Stock symbol
AKAM
Transactions as of
Sep 18, 2023
Transactions value $
-$255,228
Form type
4
Date filed
9/18/2023, 04:22 PM
Previous filing
Sep 15, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Sale -$255K -2.46K -13.52% $103.92 15.7K Sep 18, 2023 Direct F1
* 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 Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. McGowan on June 14, 2023.