Form 4: Akamai CFO Edward McGowan Sells Shares Under 10b5-1 Plan

Akamai Technologies CFO Edward McGowan sold 4,652 shares of common stock at $86.48 per share on March 10, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 10, 2025, Edward J. McGowan, the Chief Financial Officer of Akamai Technologies, Inc., sold 4,652 shares of Akamai's common stock.
• The sale was executed at a price of $86.48 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by Mr. McGowan on September 9, 2024.
• Following the transaction, Mr. McGowan directly owns 34,510 shares of Akamai's common stock.
• Additionally, Mr. McGowan indirectly owns 66.676 shares through a 401(k) plan as of March 4, 2025.
• The total shares beneficially owned includes 9,190 shares that Mr. McGowan has elected to defer receipt pursuant to the Akamai Technologies, Inc. Amended and Restated U.S. Non-Qualified Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by corporate insiders are a common occurrence and are often pre-planned to avoid accusations of trading on material non-public information. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sale could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
• The sale does not directly impact employees, customers, suppliers, or creditors.

Key Dates