Edward J. McGowan - Mar 4, 2024 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
Mar 4, 2024
Transactions value $
-$1,770,052
Form type
4
Date filed
3/6/2024, 04:46 PM
Previous filing
Mar 5, 2024
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +9.01K +27.56% $0.00 41.7K Mar 6, 2024 Direct
transaction AKAM Common Stock Tax liability -$476K -4.36K -10.45% $109.38 37.3K Mar 6, 2024 Direct
transaction AKAM Common Stock Sale -$1.29M -11.7K -31.42% $110.29 25.6K Mar 6, 2024 Direct 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 Award $0 +7.96K $0.00 7.96K Mar 4, 2024 Common Stock 7.96K $0.00 Direct F2, F3
transaction AKAM TSR Restricted Stock Units Award $0 +11.9K $0.00 11.9K Mar 4, 2024 Common Stock 11.9K $0.00 Direct F4, F5
transaction AKAM Restricted Stock Units Award $0 +19.9K $0.00 19.9K Mar 4, 2024 Common Stock 19.9K $0.00 Direct F6, F7
transaction AKAM Restricted Stock Units Options Exercise $0 -9.01K -33.33% $0.00 18K Mar 6, 2024 Common Stock 9.01K $0.00 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. McGowan on December 6, 2023.
F2 Each performance restricted stock unit ("PRSU") represents the right to receive one share of Akamai common stock upon vesting.
F3 Vesting of such PRSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2024, 2025 and 2026. To the extent such targets are met, the PRSUs will vest on the date the company's financial results for 2026 are certified. Amount reported is target issuable.
F4 Each TSR Restricted Stock Unit ("TSR RSU") represents the right to receive one share of Akamai common stock upon vesting.
F5 Vesting of such TSR RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Index for 2024, 2025 and 2026. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the TSR RSUs will vest in full on the date the company's financial results for 2026 are certified. Amount reported is target issuable.
F6 Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F7 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F8 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.