AKAM Form 144: 3,000 Shares from Restricted Stock to Be Sold
Rhea-AI Filing Summary
Akamai Technologies, Inc. (AKAM) Form 144 shows a proposed sale of 3,000 common shares through Charles Schwab & Co., with an aggregate market value of $231,000 and an approximate sale date of 08/22/2025. The filing reports total shares outstanding of 143,385,528. The 3,000 shares to be sold were acquired through restricted stock lapses on 02/21/2025 (220 shares), 03/04/2025 (1,725 shares), and 03/06/2025 (1,055 shares), and payment was made as equity compensation. The filing also discloses a separate sale during the past three months: 3,254 shares sold by Robert Blumofe on 06/12/2025 for gross proceeds of $253,714. The notice includes the standard insider representation regarding material nonpublic information.
Positive
- Securities to be sold were acquired via equity compensation (restricted stock lapses), indicating routine post-vesting liquidity
- Filing specifies broker, share count, and approximate date, fulfilling Rule 144 disclosure requirements
Negative
- Insider sale activity was recently completed (3,254 shares on 06/12/2025), which could be perceived negatively by some investors
Insights
TL;DR: Small insider sale from recent restricted stock vesting; not likely material to Akamai’s market capitalization.
The filing documents a proposed disposition of 3,000 shares derived from recent restricted stock lapses, with proceeds estimated at $231,000. Given reported shares outstanding of 143,385,528, the size of this proposed sale is immaterial relative to the company’s market equity. The disclosure is routine for executives or employees monetizing vested equity and includes the required attestation about material nonpublic information. Recent related sale of 3,254 shares for $253,714 indicates prior insider liquidity activity but does not, by itself, convey operational or financial changes.
TL;DR: Transaction appears to be post-vesting liquidity under standard insider procedures; disclosure meets Rule 144 requirements.
The schedule shows all securities to be sold originated from restricted stock lapses and were paid as equity compensation, consistent with typical post-vesting sales by insiders or beneficiaries. The filer names the broker and provides the approximate sale date, satisfying procedural transparency. The included past three-month sale by an identified individual provides helpful context for recent insider activity. No statements in the filing indicate any material undisclosed information.