Akamai CTO exercises RSUs, withholds shares for tax
Akamai Technologies Chief Technology Officer Robert Blumofe reported routine equity compensation activity involving restricted stock units and common shares.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,116 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,116 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,474 | $101.00 | $250K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F2. As of March 3, 2026.
- F3. 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
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What insider transactions did Akamai (AKAM) CTO Robert Blumofe report?
What restricted stock unit grant is involved in the Akamai (AKAM) Form 4?
Are the Akamai (AKAM) CTO’s transactions open-market buys or sells?
How do Akamai (AKAM) restricted stock units work in this Form 4?
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