STOCK TITAN

Akamai (AKAM) EVP’s family trust sells 8,642 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

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 Sundaram Mani
Role EVP and GM Security
Sold 8,642 shs ($875K)
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 -- -- --
Holdings After Transaction: Common Stock — 23,003 shares (Indirect, See footnote); Restricted Stock Units — 18,107 shares (Direct)
Footnotes (1)
  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.
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
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
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 MA 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)
03/02/2026
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)
Code V Amount (A) or (D) Price
Common Stock 03/03/2026 M 9,053 A (1) 32,943 I See footnote(2)
Common Stock 03/03/2026 F 4,378 D $97.64 28,565 I See footnote(2)
Common Stock 03/04/2026 S(3) 5,562 D $100.9578(4) 23,003 I See footnote(2)
Common Stock 03/04/2026 S(3) 2,510 D $101.5926(5) 20,493 I See footnote(2)
Common Stock 03/04/2026 S(3) 570 D $102.5803(6) 19,923 I See footnote(2)
Common Stock 163.509(7) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 03/02/2026 A 23,811 (8) (8) Common Stock 23,811 $0 23,811 D
Restricted Stock Units (1) 03/03/2026 M 9,053 (9) (9) Common Stock 9,053 $0 18,107 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
2. Held by The MMMM Family Living Trust, of which the Reporting Person is a trustee.
3. Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 25, 2025.
4. 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.
5. 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.
6. 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.
7. As of March 3, 2026.
8. 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.
9. 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.
Remarks:
/s/ Thomas M. Lair, as power of attorney 03/04/2026
** 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.

FAQ

What insider transactions did AKAM EVP Mani Sundaram report in this Form 4?

Mani Sundaram reported RSU grants, conversions, tax withholding, and share sales. He received 23,811 RSUs, saw 9,053 RSUs convert into shares with 4,378 shares withheld for taxes, and a trust associated with him sold 8,642 Akamai shares in open-market trades.

How many Akamai (AKAM) shares were sold and at what prices?

A total of 8,642 Akamai shares were sold in open-market transactions. The MMMM Family Living Trust executed sales at weighted average prices around $100.96, $101.59, and $102.58 per share, within detailed ranges disclosed in the filing’s weighted-average price footnotes.

Were the AKAM share sales by Mani Sundaram discretionary or under a plan?

The reported Akamai share sales occurred under a Rule 10b5-1 trading plan. The filing notes that the transactions were made pursuant to a trading plan adopted by the reporting person on August 25, 2025, providing a pre-arranged framework for selling shares over time.

What new RSU awards did AKAM executive Mani Sundaram receive?

On March 2, 2026, Mani Sundaram was granted 23,811 restricted stock units. Each RSU represents one Akamai common share upon vesting, and the award vests in three equal installments on the first, second, and third anniversaries of the grant date, subject to service conditions.

How do the RSU conversions and tax withholdings affect Sundaram’s AKAM holdings?

RSU conversions increased Sundaram-linked share holdings, while tax withholding reduced them. On March 3, 2026, 9,053 RSUs converted into common stock, and 4,378 of those shares were disposed of to satisfy tax obligations, leaving the remaining shares credited to indirect ownership.

Who actually holds the AKAM shares sold in this Form 4?

The sold Akamai shares are held by The MMMM Family Living Trust. The filing explains that the trust holds the shares and identifies Mani Sundaram as a trustee, so the reported open-market sales are attributed to this trust rather than to a direct personal account.
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Software - Infrastructure
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United States
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