Form 4: Akamai Technologies Director William Wagner Sells 1,000 Shares
SEC Form 4 Filing
Director William Wagner sold 1,000 shares of Akamai Technologies (AKAM) common stock on May 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- William Raymond Wagner, a director of Akamai Technologies Inc. (AKAM), sold 1,000 shares of common stock on May 28, 2024.
- The sale was executed at a price of $93.54 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on February 26, 2024.
- Following the transaction, Wagner directly owns 14,519 shares of Akamai Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The sale of shares by a director could have a minor psychological impact on shareholders, but the effect is likely to be minimal given the relatively small number of shares sold and the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date Mr. Wagner adopted the Rule 10b5-1 trading plan |
| May 28, 2024 | Date of the stock sale transaction |
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