[Form 4] Akamai Technologies Inc Insider Trading Activity

Rhea-AI Filing Summary

Leighton (Akamai director and Chief Executive Officer) reported transactions on Form 4 showing both purchases and disposals of Akamai common stock. On 08/11/2025 he purchased 2,076 shares at a weighted-average price of $71.3315 and 47,924 shares at a weighted-average price of $72.3012, with the reported beneficial ownership after those purchases listed as 2,382,367 and 2,430,291 shares respectively. The filing also reports a disposition of 127,967 shares and an indirect holding of 108,358 shares without a transaction date shown in the table.

The footnotes state that substantial holdings are held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust and the TBL Foundation, and that 10,481 shares were received from a distribution of the David T. Leighton trust. The form is signed by a power of attorney on 08/12/2025. All figures and descriptions above are taken directly from the filing text.

Positive

• Reporting person purchased 2,076 shares at a weighted-average price of $71.3315 on 08/11/2025.
• Reporting person purchased 47,924 shares at a weighted-average price of $72.3012 on 08/11/2025.
• The filing shows substantial reported beneficial ownership of 2,430,291 shares after the reported purchases, including indirect trust and foundation holdings.
• Footnotes disclose a 10,481-share distribution from the David T. Leighton trust, documented in accordance with Sections 16 exemptions.

Negative

• The form records a disposition of 127,967 shares (sale or transfer) with no transaction date specified in the table.
• Some reported entries (e.g., 108,358 shares listed as indirect) lack clear transaction dates in the table, reducing immediate clarity about timing.
• Concurrent purchases and a large disposition present mixed insider signals that do not clarify net intent.

Insights

Securities Analyst

TL;DR: Insider activity shows both purchases (50,000+ shares) and a large disposal (~128,000 shares), producing mixed signals for investors.

The filing documents two purchases on 08/11/2025 totaling 50,000 shares at weighted-average prices of $71.3315 and $72.3012, increasing reported beneficial ownership to 2,430,291 shares. Offsetting those buys, the form records a disposal of 127,967 shares. Material trust and foundation holdings are disclosed, including shares held indirectly by a revocable trust and the TBL Foundation, and a 10,481-share distribution from a related trust. From a trading-flow perspective, simultaneous buys and a sizable sale create ambiguous net direction; the absolute size of indirect holdings suggests ongoing significant economic exposure despite the disposition.

Corporate Governance Expert

TL;DR: Reporting person is both a director and the CEO; the filing shows trust-held and foundation-held shares and a trustee distribution.

The form confirms the reporting person serves as a trustee for both the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust and the TBL Foundation, disclaiming beneficial ownership except to the extent of pecuniary interest. It also records a distribution of 10,481 shares from the David T. Leighton trust. These disclosures are standard for insiders using trust/foundation vehicles; they clarify indirect ownership but do not explain intent behind the transactions. The filing is properly executed by power of attorney on 08/12/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LEIGHTON F THOMSON

(Last) (First) (Middle)

C/O AKAMAI TECHNOLOGIES, INC.

145 BROADWAY

(Street)

CAMBRIDGE MA 02142

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AKAMAI TECHNOLOGIES INC [ AKAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/11/2025		P		2,076	A	$71.3315(1)	2,382,367	I(2)(3)	See note
Common Stock	08/11/2025		P		47,924	A	$72.3012(4)	2,430,291	I(2)(3)	See note
Common Stock								127,967	D
Common Stock								108,358	I(5)	See note

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $70.9600 to $71.9000, 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 purchased at each separate price within the range set forth in this footnote.

2. 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.

3. 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.

4. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $71.9800 to $72.9350, 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 purchased at each separate price within the range set forth in this footnote.

5. Held by the TBL Foundation of which Mr. Leighton serves as a trustee.

Remarks:

	/s/ Thomas M. Lair, by power of attorney	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Leighton report for Akamai (AKAM)?

On 08/11/2025 Leighton reported purchases of 2,076 shares at $71.3315 and 47,924 shares at $72.3012, plus a reported disposition of 127,967 shares.

How many Akamai shares does Leighton report beneficially owning after these transactions?

The filing shows reported beneficial ownership of 2,382,367 shares after the first purchase and 2,430,291 shares after the second purchase.

Are any shares held indirectly or in trusts according to the filing?

Yes. Footnotes state shares are held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust and the TBL Foundation, and a 10,481-share distribution from the David T. Leighton trust is noted.

When was the Form 4 signed and filed?

The form is signed by power of attorney on 08/12/2025 as shown in the signature block.

Does the filing explain price ranges for the purchases?

Yes. Footnotes state the reported prices are weighted averages and provide the ranges: $70.9600–$71.9000 for one set and $71.9800–$72.9350 for the other.