Paul C. Joseph - Jan 16, 2024 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
Jan 16, 2024
Transactions value $
-$470,320
Form type
4
Date filed
1/16/2024, 07:13 PM
Previous filing
Nov 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 -$470K -4K -16.62% $117.58 20.1K Jan 16, 2024 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.