Mani Sundaram - 19 Feb 2025 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
19 Feb 2025
Net transactions value
-$344,938
Form type
4
Filing time
21 Feb 2025, 17:07:50 UTC
Previous filing
08 Mar 2024
Next filing
25 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 +1,399 +8.3% $0.000000 18,266 19 Feb 2025 See footnote F1
transaction AKAM Common Stock Tax liability $58,698 -591 -3.2% $99.32 17,675 19 Feb 2025 See footnote F1
transaction AKAM Common Stock Options Exercise $0 +9,631 +54% $0.000000 27,306 19 Feb 2025 See footnote F1
transaction AKAM Common Stock Tax liability $286,240 -2,882 -11% $99.32 24,424 19 Feb 2025 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 TSR Restricted Stock Units Options Exercise $0 -1,399 -100% $0.000000 0 19 Feb 2025 Common Stock 1,399 $0.000000 Direct F2, F3
transaction AKAM Performance Restricted Stock Units Options Exercise $0 -9,631 -100% $0.000000 0 19 Feb 2025 Common Stock 9,631 $0.000000 Direct F2, 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 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F3 Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2022, 2023 and 2024. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2024 are certified. Amount reported reflects number of RSUs earned.
F4 Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2022, 2023 and 2024. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2024 are certified. Amount reported reflects number of RSUs earned.