Akamai CTO sells 243 shares under 10b5-1 plan
Akamai Technologies Chief Technology Officer Robert Blumofe reported a small open-market sale of company stock.
Rhea-AI Filing Summary
Akamai Technologies Chief Technology Officer Robert Blumofe reported a small open-market sale of company stock. He sold 243 shares of common stock at a price of $129.41 per share in a coded "S" transaction. After this sale, he directly holds 31,006 shares and also has 152.944 shares held indirectly through a 401(k) plan. The filing notes that the sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted by Blumofe, indicating it was scheduled in advance rather than timed discretionarily.
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 243 shares
Net Sell
2 txns
Insider
Blumofe Robert
Role
Chief Technology Officer
Sold
243 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 243 | $129.41 | $31K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,006 shares (Direct);
Common Stock — 152.944 shares (Indirect, By 401(k) Plan)
Footnotes (2)
- F1. Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026.
- F2. As of June 17, 2026.
Key Figures
Shares sold: 243 shares
Sale price per share: $129.41 per share
Direct holdings after sale: 31,006 shares
+1 more
4 metrics
Shares sold
243 shares
Open-market sale of Akamai common stock
Sale price per share
$129.41 per share
Price for the 243 shares sold
Direct holdings after sale
31,006 shares
Common stock directly owned following the transaction
Indirect 401(k) holdings
152.944 shares
Common stock held indirectly via 401(k) plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, 401(k) Plan, Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
401(k) Plan financial
"nature_of_ownership": "By 401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AKAM Chief Technology Officer Robert Blumofe report?
Robert Blumofe reported an open-market sale of 243 shares of Akamai common stock. The shares were sold at $129.41 per share, and the transaction is coded "S" as a sale in the Form 4 filing.
Was Robert Blumofe’s AKAM stock sale made under a Rule 10b5-1 plan?
Yes. A footnote states the sale was made pursuant to a Rule 10b5-1 trading plan adopted by Robert Blumofe. Such plans pre-schedule trades, reducing the significance of trade timing as a signal of insider sentiment.
Does Robert Blumofe have indirect AKAM holdings after the reported transaction?
Yes. In addition to his direct 31,006 Akamai shares, the Form 4 reports 152.944 shares held indirectly. These indirect shares are held via a 401(k) plan, as indicated by the ownership description.
AI-generated analysis. How Rhea-AI works. Not financial advice.
