Form 4: Akamai Technologies EVP Mani Sundaram Reports Changes in Beneficial Ownership

Mani Sundaram, EVP and GM Security at Akamai Technologies, reports changes in beneficial ownership of company stock due to RSU vesting and tax withholding.

Summary

• Mani Sundaram, an EVP and GM Security at Akamai Technologies, filed a Form 4 detailing changes in his beneficial ownership of Akamai stock.
• On March 6, 2025, Sundaram exercised 6,672 Restricted Stock Units (RSUs), acquiring 6,672 shares of common stock.
• Also on March 6, 2025, 3,226 shares were disposed of to cover tax obligations at a price of $82.82 per share.
• Following these transactions, Sundaram directly owns 6,673 derivative securities and indirectly owns 32,949 shares of common stock through The MMMM Family Living Trust and 62,315 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation and insider confidence in the company, but it's not a major event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates the executive's continued investment in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal impact on the company's overall financial position.

Key Dates

Keywords

Form 4, Beneficial Ownership, Akamai Technologies, RSU, Stock Options, Mani Sundaram, Securities, Insider Trading