Form 4: Akamai Technologies Executive Reports Stock Transactions
SEC Form 4 Filing
Robert Blumofe, Chief Technology Officer of Akamai Technologies, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- Robert Blumofe, the Chief Technology Officer of Akamai Technologies, filed a Form 4 detailing changes in beneficial ownership.
- On March 6, 2025, Blumofe acquired 5,115 shares of common stock through the vesting of restricted stock units.
- Also on March 6, 2025, Blumofe disposed of 2,474 shares of common stock at a price of $82.82.
- Following these transactions, Blumofe directly owns 32,618 shares of common stock and indirectly owns 64.184 shares through a 401(k) plan.
- Blumofe also owns 5,116 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock acquisition and disposal. |
| 03/06/2025 | Restricted Stock Units vest. |
| 03/07/2026 | Expiration date of derivative security. |
Keywords
Form 4, Akamai Technologies, Robert Blumofe, Stock Transactions, Beneficial Ownership, Restricted Stock Units, Common Stock
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