Akamai (AKAM) CTO exercises 5,116 RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies Chief Technology Officer Robert Blumofe reported routine equity compensation activity involving restricted stock units and common shares. On March 6, 2026 he exercised 5,116 restricted stock units, receiving 5,116 shares of Akamai common stock at a stated price of $0.00 per share.
To cover tax obligations related to this equity event, 2,474 common shares were disposed of at $101.00 per share through a tax-withholding transaction. After these movements, he directly held 31,110 common shares and indirectly held 126.525 shares through a 401(k) plan. The RSUs originated from a 15,345-unit grant on March 6, 2023 that vests in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,116 shares exercised/converted
Mixed
4 txns
Insider
Blumofe Robert
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,116 | $0.00 | -- |
| Exercise | Common Stock | 5,116 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,474 | $101.00 | $250K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 33,584 shares (Direct);
Common Stock — 126.525 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. As of March 3, 2026. On March 6, 2023, the Reporting Person was granted 15,345 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
FAQ
What insider transactions did Akamai (AKAM) CTO Robert Blumofe report?
Robert Blumofe reported exercising 5,116 restricted stock units into 5,116 Akamai common shares and a related tax-withholding disposition of 2,474 common shares at $101.00 per share, all dated March 6, 2026 as part of routine equity compensation activity.
What restricted stock unit grant is involved in the Akamai (AKAM) Form 4?
The Form 4 references a grant of 15,345 restricted stock units awarded on March 6, 2023. These RSUs vest over three years in equal installments on the first, second, and third anniversaries of the grant date, each RSU representing one share of Akamai common stock.
Are the Akamai (AKAM) CTO’s transactions open-market buys or sells?
The reported activities are an exercise of 5,116 restricted stock units and a code F tax-withholding disposition of 2,474 shares at $101.00 per share. They do not represent discretionary open-market purchases or sales, but rather standard mechanics of equity award vesting and tax settlement.
How do Akamai (AKAM) restricted stock units work in this Form 4?
Each restricted stock unit represents the right to receive one share of Akamai common stock upon vesting. In this case, 5,116 RSUs vested and converted into 5,116 common shares on March 6, 2026, stemming from a 15,345-unit grant made on March 6, 2023.