Akamai (AKAM) EVP gains PRSUs; shares withheld for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Akamai Technologies executive Mani Sundaram, EVP and GM Security, reported multiple equity compensation transactions tied to performance restricted stock units (PRSUs). Following certification of 2025 financial results on February 19, 2026, 4,114 additional PRSUs were earned from a 2023 grant, bringing total earned under that award to 10,313 shares that vested into common stock.

Additional PRSUs earned included 3,801 shares from a 2024 grant and 5,579 shares from a 2025 grant, each contingent on multi‑year performance targets. 10,313 shares of common stock were acquired upon PRSU conversion and are held indirectly by The MMMM Family Living Trust, of which Sundaram is a trustee, with 3,291 of those shares withheld to cover tax obligations at a price of $109.31 per share.

Insider Trade Summary

10,313 shares exercised/converted

Mixed 7 txns

Insider Sundaram Mani

Role EVP and GM Security

Type	Security	Shares	Price	Value
Grant/Award	Performance Restricted Stock Units	4,114	$0.00	--
Exercise	Performance Restricted Stock Units	10,313	$0.00	--
Grant/Award	Performance Restricted Stock Units	3,801	$0.00	--
Grant/Award	Performance Restricted Stock Units	5,579	$0.00	--
Exercise	Common Stock	10,313	$0.00	--
Tax Withholding	Common Stock	3,291	$109.31	$360K
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Restricted Stock Units — 10,313 shares (Direct); Common Stock — 23,863 shares (Indirect, See footnote)

Footnotes (1)

Represents an award of performance restricted stock units ("PRSUs") originally granted to the Reporting Person on March 6, 2023 contingent upon achievement of specified financial performance targets for each of 2023, 2024 and 2025. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 4,114 shares being earned and the vesting of a total of 10,313 shares of Issuer common stock subject to such PRSUs. Held by The MMMM Family Living Trust, of which the Reporting Person is a trustee. As of February 19, 2026. Represents an award of PRSUs originally granted to the Reporting Person on March 4, 2024 contingent upon achievement of specified financial performance targets for each of 2024, 2025 and 2026. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 3,801 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2026 are certified. Represents an award of PRSUs originally granted to the Reporting Person on March 3, 2025 contingent upon achievement of specified financial performance targets for each of 2025, 2026 and 2027. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in 5,579 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2027 are certified.

Form 4 Insider Transactions: What Each Field Means →

02/20/2026 - 05:40 PM

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
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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^*

Sundaram Mani

(Last)

(First)

(Middle)

C/O AKAMAI TECHNOLOGIES, INC.

145 BROADWAY

(Street)

CAMBRIDGE

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and GM Security

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/19/2026		M		10,313	A	⁽¹⁾	23,863	I	See footnote⁽²⁾
Common Stock	02/19/2026		F		3,291	D	$109.31	20,572	I	See footnote⁽²⁾
Common Stock								151.441⁽³⁾	I	By 401(k) Plan

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Restricted Stock Units	⁽¹⁾	02/19/2026		A		4,114		⁽¹⁾	⁽¹⁾	Common Stock	4,114	$0	10,313	D
Performance Restricted Stock Units	⁽¹⁾	02/19/2026		M			10,313	⁽¹⁾	⁽¹⁾	Common Stock	10,313	$0	0	D
Performance Restricted Stock Units	⁽⁴⁾	02/19/2026		A		3,801		⁽⁴⁾	⁽⁴⁾	Common Stock	3,801	$0	5,786	D
Performance Restricted Stock Units	⁽⁵⁾	02/19/2026		A		5,579		⁽⁵⁾	⁽⁵⁾	Common Stock	5,579	$0	5,579	D

Explanation of Responses:

1. Represents an award of performance restricted stock units ("PRSUs") originally granted to the Reporting Person on March 6, 2023 contingent upon achievement of specified financial performance targets for each of 2023, 2024 and 2025. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 4,114 shares being earned and the vesting of a total of 10,313 shares of Issuer common stock subject to such PRSUs.

2. Held by The MMMM Family Living Trust, of which the Reporting Person is a trustee.

3. As of February 19, 2026.

4. Represents an award of PRSUs originally granted to the Reporting Person on March 4, 2024 contingent upon achievement of specified financial performance targets for each of 2024, 2025 and 2026. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 3,801 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2026 are certified.

5. Represents an award of PRSUs originally granted to the Reporting Person on March 3, 2025 contingent upon achievement of specified financial performance targets for each of 2025, 2026 and 2027. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in 5,579 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2027 are certified.

Remarks:

	/s/ Thomas M. Lair, as power of attorney	02/20/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Akamai (AKAM) executive Mani Sundaram report on this Form 4?

Mani Sundaram reported performance-based equity activity, including vested PRSUs converting into common stock and shares withheld for taxes. These transactions reflect routine compensation mechanics rather than open-market buying or selling of Akamai stock.

How many Akamai PRSUs from the 2023 grant vested for Mani Sundaram?

A total of 10,313 PRSUs from the March 6, 2023 grant vested into common stock after Akamai’s 2025 financial results were certified. This included 4,114 additional earned units based on achieving specified multi-year financial performance targets.

What new performance stock units did Mani Sundaram earn at Akamai (AKAM)?

Sundaram earned 3,801 PRSUs from a March 4, 2024 grant and 5,579 PRSUs from a March 3, 2025 grant. Both awards depend on financial performance targets across multiple years, with final vesting tied to future certification of Akamai’s results.

Were any Akamai shares sold by Mani Sundaram in this filing?

No open-market sales were reported. Instead, 3,291 shares of Akamai common stock were used to satisfy tax obligations related to PRSU vesting, at a price of $109.31 per share, which is recorded as a tax-withholding disposition.

Who holds the Akamai (AKAM) shares acquired from the vested PRSUs?

The 10,313 Akamai common shares received from PRSU conversion are held by The MMMM Family Living Trust. Mani Sundaram is a trustee of this trust, and the holdings are therefore reported as indirect beneficial ownership.

Does Mani Sundaram have Akamai stock in a retirement plan?

Yes. The Form 4 shows 151.441 shares of Akamai common stock held indirectly through a 401(k) plan. This position is reported as indirect ownership separate from the shares held by The MMMM Family Living Trust.