Form 4: Akamai Technologies COO Adam Karon Reports Stock Transactions
SEC Form 4 Filing
Akamai Technologies' COO & GM of Edge Technology Group, Adam Karon, reports transactions involving common stock and restricted stock units.
Summary
- Adam Karon, COO & GM Edge Technology Group at Akamai Technologies, reported several transactions.
- On March 4, 2025, Karon exercised restricted stock units (RSUs) to acquire 8,366 shares of common stock.
- Also on March 4, 2025, 774 shares were disposed of at a price of $81.
- On March 6, 2025, Karon exercised RSUs to acquire 10,897 shares of common stock.
- Additionally on March 6, 2025, 5,269 shares were disposed of at a price of $82.82.
- Following these transactions, Karon directly owns 27,459 shares and indirectly owns 71,037 shares through a 401(k) plan.
- Karon also directly owns 10,898 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting routine stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| March 6, 2023 | Mr. Karon was granted 32,692 RSUs which vest over three years in equal installments on the first, second and third anniversaries of the grant date. |
| March 4, 2024 | Mr. Karon was granted 25,099 RSUs which vest over three years in equal installments on the first, second and third anniversaries of the grant date. |
| 03/04/2025 | Date of earliest transaction: Acquisition of 8,366 shares of common stock via RSU exercise and disposal of 774 shares at $81. |
| 03/06/2025 | Acquisition of 10,897 shares of common stock via RSU exercise and disposal of 5,269 shares at $82.82. |
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