AKAMAI TECHNOLOGIES INC
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
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Item 5. Other Information
(c) Director and Officer Trading Arrangements
The following table describes, for the quarterly period covered by this report, each trading arrangement for the sale or purchase of Company securities adopted, terminated or for which the amount, pricing or timing provisions were modified by our directors and officers that is either (1) a contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “Rule 10b5-1 trading arrangement”) or (2) a “non-Rule 10b5-1 trading arrangement” (as defined in Item 408(c) of Regulation S-K):
| Name (Title) | Action Taken (Date of Action) | Type of Trading Arrangement | Nature of Trading Arrangement | Duration of Trading Arrangement | Aggregate Number of Securities to be Purchased or Sold |
|---|---|---|---|---|---|
| Adam Karon (Chief Operating Officer and General Manager of the Cloud Technology Group) | Adoption (August 22, 2025) | Rule 10b5-1 trading arrangement | Sales | Until May 5, 2026, or such earlier date upon which all transactions are completed or expire without execution | Up to 75,703 shares of common stock(1) |
| Mani Sundaram (Executive Vice President and General Manager of the Security Technology Group) | Adoption (August 25, 2025) | Rule 10b5-1 trading arrangement | Sales | Until June 1, 2026, or such earlier date upon which all transactions are completed or expire without execution | Up to 23,988 shares of common stock |
| Edward McGowan (Chief Financial Officer) | Adoption (September 4, 2025) | Rule 10b5-1 trading arrangement | Sales | Until June 1, 2026, or such earlier date upon which all transactions are completed or expire without execution | Up to 42,588 shares of common stock(2) |
(1) Includes 7,341 performance-based awards to be granted to Mr. Karon as his annual incentive bonus award, which are assumed to vest at 100% of the target cash award amount and converted into a number of shares of common stock based on an assumed stock price of $77.64, which was the closing price of the Company's common stock on August 22, 2025, the date the Rule 105b-1 trading arrangement was adopted. The actual number of performance-based awards granted may vary between 0% - 220% of the target cash award amount, subject to the achievement of certain performance conditions, and based on the stock price applicable upon grant. In addition, the Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by the Company to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Mr. Karon's Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold based on the foregoing assumptions without subtracting any shares to be withheld upon future vesting events.
(2) The Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by the Company to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Mr. McGowan's Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events.
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