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

Akamai Technologies CFO Edward McGowan sold shares of common stock on March 11, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Edward J. McGowan, CFO of Akamai Technologies, Inc., sold shares of Akamai common stock on March 11, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 9, 2024.
• A total of 10,104 shares were sold at a weighted average price of $82.1516, with individual prices ranging from $81.815 to $82.76.
• An additional 1,700 shares were sold at a weighted average price of $83.4421, with individual prices ranging from $82.905 to $83.895.
• Following these transactions, McGowan directly owns 22,706 shares and indirectly owns 66.676 shares through a 401(k) plan as of March 4, 2025.
• The total shares beneficially owned includes 9,190 shares deferred under Akamai's Non-Qualified Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by an executive, which is neither particularly positive nor negative. The sales were conducted under a pre-arranged plan, suggesting they are not based on any specific inside information.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal given the pre-planned nature of the transactions.

Key Dates