F. Thomson Leighton - 21 Feb 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role: Chief Executive Officer, Director
Signature: /s/ Shaan K. Majmudar, as power of attorney
Issuer symbol: AKAM
Transactions as of: 21 Feb 2024
Net transactions value: -$3,738,715
Form type: 4
Filing time: 23 Feb 2024, 16:07:29 UTC
Previous filing: 30 Aug 2023
Next filing: 05 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AKAM	Common Stock	Award	$0	+21,840		$0.000000	21,840	21 Feb 2024	Direct	F1
transaction	AKAM	Common Stock	Tax liability	$1,038,059	-9,687	-44%	$107.16	12,153	21 Feb 2024	Direct
transaction	AKAM	Common Stock	Options Exercise	$0	+10,467	+86%	$0.000000	22,620	21 Feb 2024	Direct
transaction	AKAM	Common Stock	Tax liability	$503,115	-4,643	-21%	$108.36	17,977	21 Feb 2024	Direct
transaction	AKAM	Common Stock	Options Exercise	$0	+50,229	+279%	$0.000000	68,206	21 Feb 2024	Direct
transaction	AKAM	Common Stock	Tax liability	$2,197,541	-20,280	-30%	$108.36	47,926	21 Feb 2024	Direct
holding	AKAM	Common Stock						108,358	21 Feb 2024	See note	F2
holding	AKAM	Common Stock						2,320,621	21 Feb 2024	See note	F3, F4

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	TSR Restricted Stock Units	Options Exercise	$0	-10,467	-100%	$0.000000^*	0	21 Feb 2024	Common Stock	10,467	$0.000000	Direct	F5, F6
transaction	AKAM	Performance Restricted Stock Units	Options Exercise	$0	-50,229	-100%	$0.000000^*	0	21 Feb 2024	Common Stock	50,229	$0.000000	Direct	F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares issued under the Akamai Technologies, Inc. Amended and Restated 2013 Stock Incentive Plan in payment of 2023 bonus award.
F2	Held by the TBL Foundation of which Mr. Leighton serves as a trustee.
F3	Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99 of which Mr. Leighton serves as a trustee. Mr. Leighton disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein.
F4	Includes 10,481 shares received pursuant to a distribution from the David T. Leighton trust, of which the Reporting Person served as trustee. Such distribution was made in accordance with the exemptions afforded under 16a-9 and 16a-13.
F5	Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
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 2021, 2022 and 2023. 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 2023 are certified. Amount reported reflects number of RSUs earned.
F7	Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2021, 2022 and 2023. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2023 are certified. Amount reported reflects number of RSUs earned.