Blumofe Robert 4
Research Summary
AI-generated summary
Akamai (AKAM) CTO Robert Blumofe Sells 3,500 Shares
What Happened Robert Blumofe, Chief Technology Officer of Akamai Technologies (AKAM), sold 3,500 shares in an open-market transaction on January 22, 2026. The shares were sold at $97.00 per share for total proceeds of $339,500. This was a sale (not a purchase or exercise).
Key Details
- Transaction date and price: 1/22/2026 — 3,500 shares sold at $97.00 each.
- Total value: $339,500.
- Shares owned after transaction: Not specified in this filing (footnote indicates holdings are reported as of January 22, 2026).
- Footnotes: Sale was made pursuant to a Rule 10b5-1 trading plan adopted March 12, 2025 (pre-scheduled sale).
- Filing date/timeliness: Form 4 filed Jan 23, 2026; appears to be filed promptly following the Jan 22 transaction.
Context Insider sales are often routine (e.g., diversification or planned sales) and, in this case, were executed under a Rule 10b5-1 plan, which typically indicates the sale was pre-arranged. A single sale under a 10b5-1 plan does not necessarily signal management views on company fundamentals.