Form 4: Akamai Technologies COO Adam Karon Reports Stock Transactions

Adam Karon, COO & GM Edge Technology Group at Akamai Technologies, reports the vesting and disposal of restricted stock units and shares.

Summary

• On March 7, 2025, Adam Karon, COO & GM Edge Technology Group at Akamai Technologies, executed transactions involving Akamai common stock.
• Karon vested 5,357 restricted stock units (RSUs) which converted into common stock.
• He disposed of 2,591 shares to cover tax obligations at a price of $82.81 per share.
• Following these transactions, Karon directly owns 30,225 shares of Akamai common stock.
• Additionally, he indirectly owns 71,037 shares through a 401(k) plan as of March 4, 2025.
• The reported transactions also reflect the vesting of RSUs granted on March 7, 2022, which vest in equal installments over three years.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These transactions are closely monitored by investors for 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