Akamai (NASDAQ: AKAM) CMO sells 2,300 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies EVP and Chief Marketing Officer Kim Salem-Jackson reported an open-market sale of 2,300 shares of Common Stock at $135.57 per share. The transaction was executed under a Rule 10b5-1 trading plan adopted on March 10, 2026.
After the sale, she holds 59,210 Common Stock shares directly, plus 195.522 shares indirectly through a 401(k) plan as of June 9, 2026. This filing reflects both the planned disposition and her remaining ownership stake.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,300 shares ($311,811)
Net Sell
2 txns
Insider
Salem-Jackson Kim
Role
EVP, Chief Marketing Officer
Sold
2,300 shs ($312K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,300 | $135.57 | $312K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 59,210 shares (Direct, null);
Common Stock — 195.522 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2026. As of June 9, 2026.
Key Figures
Shares sold: 2,300 shares
Sale price: $135.57 per share
Direct holdings after sale: 59,210 shares
+1 more
4 metrics
Shares sold
2,300 shares
Open-market sale of Common Stock on June 10, 2026
Sale price
$135.57 per share
Price for 2,300 shares of Common Stock
Direct holdings after sale
59,210 shares
Common Stock held directly following the transaction
Indirect 401(k) holdings
195.522 shares
Common Stock held indirectly via 401(k) plan as of June 9, 2026
Key Terms
Rule 10b5-1 trading plan, open-market sale, 401(k) Plan
3 terms
Rule 10b5-1 trading plan regulatory
"Sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale, transaction_code_description: Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
401(k) Plan financial
"nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider transaction did AKAM EVP CMO Kim Salem-Jackson report?
Kim Salem-Jackson reported selling 2,300 Akamai common shares in an open-market transaction at $135.57 per share. The Form 4 also shows her remaining direct and indirect holdings after this planned sale.
Was the AKAM insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan adopted on March 10, 2026. Such plans pre-schedule trades, reducing the significance of short-term market timing.
What indirect AKAM holdings does the CMO report in the Form 4?
The Form 4 shows 195.522 Akamai common shares held indirectly through a 401(k) plan. This indirect ownership is separate from the 59,210 shares she owns directly after the reported sale.