Akamai (AKAM) EVP Mani Sundaram nets 3,186-share sale after RSU vesting
Rhea-AI Filing Summary
Akamai Technologies EVP and GM Security Mani Sundaram reported several equity transactions involving company stock and restricted stock units. On March 5, 2026, a family trust associated with him sold 3,186 shares of common stock in an open-market transaction at $101.90 per share, under a Rule 10b5-1 trading plan adopted on August 25, 2025. Following this sale, the trust held 19,923 shares of common stock indirectly.
On March 4, 2026, 6,169 restricted stock units were converted into the same number of common shares, classified as a derivative exercise. In connection with this vesting, 2,983 common shares were disposed of at $102.08 per share to cover tax obligations. After these transactions, indirect holdings included 23,109 common shares, and direct holdings included 6,170 restricted stock units and 163.509 common shares held through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,186 | $101.90 | $325K |
| Exercise | Restricted Stock Units | 6,169 | $0.00 | -- |
| Exercise | Common Stock | 6,169 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,983 | $102.08 | $305K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting. Held by The MMMM Family Living Trust, of which the Reporting Person is a trustee. Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 25, 2025. As of March 3, 2026. On March 4, 2024, the Reporting Person was granted 18,508 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) EVP Mani Sundaram report?
What is the size of Mani Sundaram’s remaining Akamai (AKAM) indirect holdings after the sale?
How many restricted stock units vested for Mani Sundaram at Akamai (AKAM)?
What longer-term RSU grant does Mani Sundaram hold at Akamai (AKAM)?