Paul C. Joseph - 04 Mar 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role: EVP - Global Sales
Signature: /s/ Thomas M. Lair, as power of attorney
Issuer symbol: AKAM
Transactions as of: 04 Mar 2024
Net transactions value: -$352,860
Form type: 4
Filing time: 06 Mar 2024, 16:48:02 UTC
Previous filing: 05 Mar 2024
Next filing: 08 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	Options Exercise	$0	+6,671	+20%	$0.000000	40,100	06 Mar 2024	See footnote	F1
transaction	AKAM	Common Stock	Tax liability	$352,860	-3,226	-8%	$109.38	36,874	06 Mar 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	Award	$0	+6,789		$0.000000	6,789	04 Mar 2024	Common Stock	6,789	$0.000000	Direct	F2, F3
transaction	AKAM	TSR Restricted Stock Units	Award	$0	+10,184		$0.000000	10,184	04 Mar 2024	Common Stock	10,184	$0.000000	Direct	F4, F5
transaction	AKAM	Restricted Stock Units	Award	$0	+16,973		$0.000000	16,973	04 Mar 2024	Common Stock	16,973	$0.000000	Direct	F6, F7
transaction	AKAM	Restricted Stock Units	Options Exercise	$0	-6,671	-33%	$0.000000	13,345	06 Mar 2024	Common Stock	6,671	$0.000000	Direct	F7, F8

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

Explanation of Responses:

Id	Content
F1	Held by PJ Joseph Trust 2020 for which the Reporting Person serves as trustee.
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.