F. Thomson Leighton - 07 Mar 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Signature
/s/ Thomas M. Lair, as power of attorney
Issuer symbol
AKAM
Transactions as of
07 Mar 2024
Net transactions value
-$634,081
Form type
4
Filing time
08 Mar 2024, 16:36:33 UTC
Previous filing
06 Mar 2024
Next filing
14 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +11,904 +19% $0.000000 75,320 07 Mar 2024 Direct
transaction AKAM Common Stock Tax liability $634,081 -5,756 -7.6% $110.16 69,564 07 Mar 2024 Direct
holding AKAM Common Stock 108,358 07 Mar 2024 See note F1
holding AKAM Common Stock 2,320,621 07 Mar 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 -11,904 -50% $0.000000 11,904 07 Mar 2024 Common Stock 11,904 $0.000000 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 over three years in equal installments on the first, second and third anniversaries of the grant date.