Joseph Paul C 4
Research Summary
AI-generated summary
Akamai (AKAM) EVP Joseph Paul C Sells 5,000 Shares
What Happened
Joseph Paul C, EVP – Global Sales at Akamai Technologies, sold a total of 5,000 shares in open-market transactions on March 16, 2026. The sales were: 2,967 shares at a weighted average price of $105.89 ($314,163), 1,950 shares at a weighted average price of $106.73 ($208,129), and 83 shares at $108.00 ($8,964), for combined proceeds of approximately $531,256. These were sales (not purchases), and were executed under a pre-established trading plan.
Key Details
- Transaction date: March 16, 2026 (open-market sales)
- Lots sold and amounts:
- 2,967 shares @ $105.89 (proceeds $314,163) — weighted average; prices ranged $105.39–$106.35 (per filing)
- 1,950 shares @ $106.73 (proceeds $208,129) — weighted average; prices ranged $106.41–$107.32 (per filing)
- 83 shares @ $108.00 (proceeds $8,964)
- Total: 5,000 shares sold for about $531,256
- Shares owned after transaction: not specified in the provided data (filing references ownership as of March 13, 2026)
- Notable footnotes:
- Sale made pursuant to a Rule 10b5‑1 trading plan adopted March 17, 2025 (scheduled plan)
- Weighted-average prices reported; reporting person offers to provide per‑price breakdown on request
- Ownership snapshot date listed as March 13, 2026
- Filing timeliness: Report filed March 16, 2026; no late filing indicated in provided data
Context
Sales executed under a Rule 10b5‑1 plan are typically pre-scheduled and are common for insiders managing diversification or liquidity needs; they don't necessarily signal a change in view on the company. For retail investors, purchases generally carry more signal than routine sales, but scheduled-plan sales are an important transparency item to monitor.