F. Thomson Leighton - Mar 1, 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Signature
/s/ Shaan Majmudar, by power of attorney
Stock symbol
AKAM
Transactions as of
Mar 1, 2024
Transactions value $
-$1,122,621
Form type
4
Date filed
3/5/2024, 05:35 PM
Previous filing
Feb 23, 2024
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +13.6K +28.27% $0.00 61.5K Mar 1, 2024 Direct
transaction AKAM Common Stock Tax liability -$1.12M -10.1K -16.46% $110.92 51.4K Mar 1, 2024 Direct
holding AKAM Common Stock 108K Mar 1, 2024 See note F1
holding AKAM Common Stock 2.32M Mar 1, 2024 See note F2, F3

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 Restricted Stock Units Options Exercise $0 -13.6K -100% $0.00* 0 Mar 1, 2024 Common Stock 13.6K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by the TBL Foundation of which Mr. Leighton serves as a trustee.
F2 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.
F3 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.
F4 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F5 RSUs vest 1/3 on each of the first, second and third anniversaries of the date of grant.