Akamai (NASDAQ: AKAM) holder files Rule 144 to sell 10,000 shares
Rhea-AI Filing Summary
Akamai Technologies shareholder plans to sell 10,000 shares of common stock under Rule 144. The shares are to be sold through Charles Schwab & Co., Inc. on the NASDAQ market, with an approximate sale date of 01/15/2026 and an aggregate market value of $901,749.00. The filing notes that 143,865,237 shares of this class were outstanding.
The shares to be sold were acquired in early 2025 through equity compensation, including performance stock and restricted stock lapses totaling several thousand shares on dates in February and March. The person filing the notice previously sold 5,000 shares of Akamai Technologies, Inc. on 11/17/2025, generating gross proceeds of $438,451.00. By signing, the seller represents they are not aware of undisclosed material adverse information about Akamai’s operations.
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FAQ
What does the Form 144 filing for AKAM disclose?
The Form 144 filing discloses that a shareholder intends to sell 10,000 shares of Akamai Technologies common stock under Rule 144. The proposed sale has an aggregate market value of $901,749.00 and is planned to take place on or around 01/15/2026 on the NASDAQ exchange.
Who is selling Akamai (AKAM) shares and how many are involved?
The seller listed is Paul C. Joseph, who has filed to sell 10,000 shares of Akamai Technologies common stock. The filing also reports that this person sold an additional 5,000 shares on 11/17/2025, with gross proceeds of $438,451.00.
How were the Akamai (AKAM) shares being sold under Rule 144 acquired?
The shares were acquired through equity compensation, specifically via performance stock lapse and restricted stock lapse transactions in early 2025. Individual acquisitions include 2,594 shares on 02/19/2025, 2,238 shares on 03/04/2025, 3,446 shares on 03/06/2025, and 1,722 shares on 03/07/2025, all from Akamai Technologies, Inc.
What trading details are given for the planned AKAM share sale?
The filing states that the 10,000 common shares are to be sold through Charles Schwab & Co., Inc. at its Westlake, Texas address. The shares are listed for sale on the NASDAQ, with an approximate sale date of 01/15/2026 and an aggregate market value of $901,749.00.
How many Akamai (AKAM) shares are outstanding according to the filing?
The notice reports that there are 143,865,237 shares of Akamai Technologies common stock outstanding. This figure provides a baseline for understanding the size of the planned 10,000-share sale in relation to the total share count.
What representation does the seller make about Akamai (AKAM) in the Form 144?
By signing the notice, the seller represents that they do not know of any material adverse information regarding the current or prospective operations of Akamai Technologies that has not been publicly disclosed. This representation is required as part of the Rule 144 filing.