Mani Sundaram - 07 Mar 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
EVP and GM Security
Signature
/s/ Thomas M. Lair, as power of attorney
Issuer symbol
AKAM
Transactions as of
07 Mar 2024
Net transactions value
-$324,568
Form type
4
Filing time
08 Mar 2024, 16:32:20 UTC
Previous filing
06 Mar 2024
Next filing
21 Feb 2025
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 +3,333 +20% $0.000000 19,792 07 Mar 2024 See footnote F1
transaction AKAM Common Stock Tax liability $177,578 -1,612 -8.1% $110.16 18,180 07 Mar 2024 See footnote F1
transaction AKAM Common Stock Sale $146,990 -1,313 -7.2% $111.95 16,867 07 Mar 2024 See footnote F1, F2

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 -3,333 -50% $0.000000 3,334 07 Mar 2024 Common Stock 3,333 $0.000000 Direct F3, F4
* 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 Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sundaram on December 5, 2023.
F3 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F4 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.