Mani Sundaram - Feb 21, 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
EVP and GM Security
Signature
/s/ Shaan K. Majmudar, as power of attorney
Stock symbol
AKAM
Transactions as of
Feb 21, 2024
Transactions value $
-$659,212
Form type
4
Date filed
2/23/2024, 04:09 PM
Previous filing
Aug 11, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Award $0 +5.59K +74.94% $0.00 13.1K Feb 21, 2024 See footnote F1, F2
transaction AKAM Common Stock Tax liability -$266K -2.48K -19% $107.16 10.6K Feb 21, 2024 See footnote F1
transaction AKAM Common Stock Options Exercise $0 +9.27K +87.69% $0.00 19.8K Feb 21, 2024 See footnote F1
transaction AKAM Common Stock Tax liability -$301K -2.77K -13.98% $108.36 17.1K Feb 21, 2024 See footnote F1
transaction AKAM Common Stock Options Exercise $0 +1.93K +11.32% $0.00 19K Feb 21, 2024 See footnote F1
transaction AKAM Common Stock Tax liability -$92.9K -857 -4.51% $108.36 18.1K Feb 21, 2024 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 Performance Restricted Stock Units Options Exercise $0 -9.27K -100% $0.00* 0 Feb 21, 2024 Common Stock 9.27K $0.00 Direct F3, F4
transaction AKAM TSR Restricted Stock Units Options Exercise $0 -1.93K -100% $0.00* 0 Feb 21, 2024 Common Stock 1.93K $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee.
F2 Represents shares issued under the Akamai Technologies, Inc. Amended and Restated 2013 Stock Incentive Plan in payment of 2023 bonus award.
F3 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F4 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.
F5 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.