Adam Karon - Mar 7, 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Signature
/s/ Thomas M. Lair, as power of attorney
Stock symbol
AKAM
Transactions as of
Mar 7, 2024
Transactions value $
-$2,726,709
Form type
4
Date filed
3/8/2024, 04:34 PM
Previous filing
Mar 6, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +5.36K +11.07% $0.00 53.7K Mar 7, 2024 Direct
transaction AKAM Common Stock Tax liability -$285K -2.59K -4.82% $110.16 51.1K Mar 7, 2024 Direct
transaction AKAM Common Stock Sale -$2.44M -21.7K -42.44% $112.46 29.4K Mar 8, 2024 Direct 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 -5.36K -50% $0.00 5.36K Mar 7, 2024 Common Stock 5.36K $0.00 Direct F3, F4
* 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 Plan adopted by Mr. Karon on December 8, 2023.
F2 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $112.21 to $112.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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.