Akamai (AKAM) EVP’s family trust sells 8,642 shares under 10b5-1 plan
Rhea-AI Filing Summary
Akamai Technologies executive Mani Sundaram reported a mix of stock awards, exercises, and sales. On March 2, 2026, he received a grant of 23,811 restricted stock units (RSUs) that vest in three equal annual installments. On March 3, 2026, 9,053 RSUs converted into the same number of common shares, with 4,378 shares withheld to cover taxes.
On March 4, 2026, a trust identified as The MMMM Family Living Trust, of which Sundaram is a trustee, sold a total of 8,642 shares of Akamai common stock in open-market transactions under a pre-established Rule 10b5-1 trading plan at weighted average prices around $101–$103.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,562 | $100.9578 | $562K |
| Sale | Common Stock | 2,510 | $101.5926 | $255K |
| Sale | Common Stock | 570 | $102.5803 | $58K |
| Exercise | Restricted Stock Units | 9,053 | $0.00 | -- |
| Exercise | Common Stock | 9,053 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,378 | $97.64 | $427K |
| Grant/Award | Restricted Stock Units | 23,811 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.32 to $101.305, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.34 to $101.925, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.36 to $103.035, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. As of March 3, 2026. On March 2, 2026, the Reporting Person was granted 23,811 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. On March 3, 2025, the Reporting Person was granted 27,160 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 AKAM EVP Mani Sundaram report in this Form 4?
What new RSU awards did AKAM executive Mani Sundaram receive?
How do the RSU conversions and tax withholdings affect Sundaram’s AKAM holdings?