Akamai Technologies (AKAM) CTO sells 3,500 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies Chief Technology Officer Robert Blumofe reported an open-market sale of 3,500 shares of common stock at $108 per share on February 13, 2026. After the sale, he directly owned 14,574 shares.
He also held 103.347 shares indirectly through a 401(k) plan as of February 12, 2026. The sale was made under a Rule 10b5-1 trading plan adopted on March 12, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,500 shares ($378,000)
Net Sell
2 txns
Insider
Blumofe Robert
Role
Chief Technology Officer
Sold
3,500 shs ($378K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,500 | $108.00 | $378K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,574 shares (Direct);
Common Stock — 103.347 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Sale was made pursuant to a Rule 10b5-1 Plan adopted by Dr. Blumofe on March 12, 2025. As of February 12, 2026.
FAQ
What insider transaction did Akamai (AKAM) report for CTO Robert Blumofe?
Akamai’s Chief Technology Officer Robert Blumofe sold 3,500 shares of common stock in an open-market transaction at $108 per share on February 13, 2026. The transaction was disclosed in a Form 4 insider filing with detailed post-transaction share ownership.
What type of Form 4 transaction code was used in the Akamai (AKAM) insider trade?
The transaction used code “S,” indicating a sale in the open market or a private transaction. The Form 4 describes this as an open-market sale of 3,500 common shares at $108 per share by Akamai’s Chief Technology Officer, Robert Blumofe.
Does the Akamai (AKAM) Form 4 show any indirect holdings for the CTO?
Yes. In addition to direct holdings, the Form 4 reports 103.347 Akamai common shares held indirectly through a 401(k) plan as of February 12, 2026. This is categorized as indirect ownership separate from his 14,574 directly held shares after the reported sale.