Form 4: Akamai Technologies COO Adam Karon Sells Shares Under 10b5-1 Plan

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

Summary

• Adam Karon, COO & GM Edge Technology Group at Akamai Technologies, sold shares of the company's common stock on March 11, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 2, 2024.
• A total of 8,461 shares were sold at a weighted average price of $82.1541, with individual prices ranging from $81.81 to $82.76.
• An additional 1,400 shares were sold at a weighted average price of $83.4554, with individual prices ranging from $82.91 to $83.89.
• Following the transactions, Karon directly owns 14,736 shares and indirectly owns 71.037 shares through a 401(k) plan as of March 4, 2025.
• The direct ownership includes 7,111 shares deferred under Akamai's Non-Qualified Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates