Form 4: Akamai Technologies COO Adam Karon Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Akamai Technologies COO Adam Karon sold 14,349 shares of common stock on March 22, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 22, 2024, Adam Karon, COO & GM Edge Technology Group at Akamai Technologies Inc., sold 14,349 shares of Akamai common stock.
- The sale was executed at a weighted-average price of $109.78 per share, with individual transactions ranging from $109.54 to $109.96.
- Following the transaction, Karon directly owns 6,697 shares of Akamai common stock.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on December 8, 2023.
Sentiment
Score: 5
Explanation: Routine stock sale by an executive under a pre-arranged plan. Neutral impact.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on insider information.
Key Dates
| Date | Description |
|---|---|
| 12/08/2023 | Rule 10b5-1 Plan adopted by Adam Karon |
| 03/22/2024 | Date of stock sale transaction |
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