Sundaram Mani 4

What Happened

• Sundaram Mani, EVP & GM, Security at Akamai Technologies (AKAM), was issued 6,425 shares on Feb 20, 2026 under the company's 2013 Stock Incentive Plan as payment of a 2025 bonus (code A; footnote F1). On the same day 3,107 shares were disposed (code F) at $94.17 per share, generating proceeds of about $292,586 to satisfy tax withholding obligations. The award shares show an acquisition price of $0.00 in the filing.

Key Details

• Transaction date(s): February 20, 2026.
• Award: 6,425 shares issued @ $0.00 (payment of 2025 bonus, F1).
• Disposal (tax withholding): 3,107 shares sold @ $94.17; proceeds ≈ $292,586 (code F).
• Shares owned after transaction: Not specified in the filing; footnote F3 notes ownership is reported "as of February 20, 2026."
• Other footnotes: F2 — shares held by The MMMM Family Living Trust, of which Mr. Mani is trustee.
• Timeliness: Filed Feb 23, 2026; appears timely (within the standard two business-day Form 4 window).

Context

• This filing reflects a compensation-related equity award and an accompanying share sale to cover taxes — a routine corporate action rather than an open-market purchase or sale indicating a change in sentiment. The award was not an option exercise; the sale was to satisfy withholding obligations. Purchases are generally more informative for bullish insider signals than routine withholding sales.