Akamai Technologies (AKAM) CFO discloses 6,560-share Rule 10b5-1 sale
Rhea-AI Filing Summary
Akamai Technologies’ Chief Financial Officer, Mr. McGowan, reported selling 6,560 shares of Akamai common stock on December 15, 2025 at $88.03 per share. The sale was made pursuant to a Rule 10b5-1 Plan that he adopted on September 4, 2025. Following this transaction, he beneficially owns 16,442 shares directly, which includes 9,190 shares for which he has elected to defer receipt under Akamai’s Amended and Restated U.S. Non-Qualified Deferred Compensation Plan, and 66.676 shares held indirectly through a 401(k) plan as of December 12, 2025.
Positive
- None.
Negative
- None.
FAQ
What insider stock transaction did Akamai (AKAM) disclose for its CFO?
The filing shows that Akamai Technologies’ Chief Financial Officer, Mr. McGowan, sold 6,560 shares of Akamai common stock on December 15, 2025 at a price of $88.03 per share.
Was the Akamai CFO’s share sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sale was made pursuant to a Rule 10b5-1 Plan adopted by Mr. McGowan on September 4, 2025, which is a pre-arranged trading plan for equity securities.
How many Akamai shares does the CFO own after the reported transaction?
After the sale, Mr. McGowan beneficially owns 16,442 shares directly, and this total includes 9,190 shares he has elected to defer receiving. He also holds 66.676 shares indirectly through a 401(k) plan as of December 12, 2025.
What does the deferred compensation footnote in the Akamai CFO filing mean?
The footnote explains that the 16,442 shares beneficially owned directly by Mr. McGowan include 9,190 shares for which he has elected to defer receipt under the Akamai Technologies, Inc. Amended and Restated U.S. Non-Qualified Deferred Compensation Plan.
How are the Akamai CFO’s 401(k) holdings reported in the filing?
The filing lists an indirect holding of 66.676 shares of Akamai common stock held by a 401(k) Plan, with a notation that this amount is as of December 12, 2025.