Form 4: Akamai Technologies Director William Wagner Sells 1,000 Shares
SEC Form 4
Director William Wagner of Akamai Technologies sold 1,000 shares of common stock on August 27, 2024, at a price of $100.73 per share.
Summary
- William Wagner, a director of Akamai Technologies, sold 1,000 shares of common stock on August 27, 2024.
- The sale was executed at a price of $100.73 per share.
- Following the transaction, Wagner directly owns 16,719 shares of Akamai Technologies' common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a standard insider transaction under a pre-existing trading plan.
Industry Context
This is a routine disclosure of an insider transaction. Insider sales can sometimes be interpreted negatively by the market, but the existence of a 10b5-1 plan suggests the sale was pre-planned and not based on current inside information.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date Mr. Wagner adopted the Rule 10b5-1 trading plan |
| August 27, 2024 | Date of the stock sale transaction |
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