AKAM Insider Sale: CTO Disposes 3,000 Shares via 10b5-1 Plan
Rhea-AI Filing Summary
Robert Blumofe, Chief Technology Officer at Akamai Technologies (AKAM), reported an insider sale on Form 4. On 08/22/2025 he disposed of 3,000 shares of Akamai common stock at a price of $77 per share. Following the reported transaction he is shown as beneficially owning 27,910 shares directly. The filing also records an indirect interest described as "64.184(2) I By 401(k) Plan" with a date of record as of August 21, 2025. The sale was made under a Rule 10b5-1 trading plan adopted by Dr. Blumofe on March 12, 2025. The Form 4 was signed by Thomas M. Lair as attorney-in-fact on 08/22/2025.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating a pre-established trading arrangement
- Timely and specific disclosure of the transaction on Form 4 with transaction date and price
- Reporting includes post-transaction beneficial ownership (27,910 shares directly)
Negative
- Insider disposed of 3,000 shares, which reduces the reporting person's direct stake
- Indirect interest described ambiguously as "64.184(2) I By 401(k) Plan" without clearer numeric formatting
Insights
TL;DR: A small, disclosed insider sale executed under a 10b5-1 plan; no additional material information disclosed.
The filing records a single sale of 3,000 Akamai shares at $77 each by the Chief Technology Officer under a Rule 10b5-1 plan adopted March 12, 2025. The report shows 27,910 shares beneficially owned following the transaction and references an indirect 401(k) interest as of August 21, 2025. The disclosure is routine and provides required transparency on insider activity. No other transactions, option exercises, or compensatory grants are reported in this Form 4.
TL;DR: Proper procedural disclosure of insider sale under a pre-established trading plan; signature framed by power of attorney.
The Form 4 documents compliance with Section 16 reporting for an officer-level insider. The sale was executed pursuant to a 10b5-1 plan, which the filer adopted on March 12, 2025, and the filing bears a signature by an appointed power of attorney dated August 22, 2025. The Form contains the required explanatory remark noting the plan and the record date for the 401(k) interest. The filing appears complete for the transactions it reports.