Blumofe Robert 4

What Happened

• Robert Blumofe, Chief Technology Officer of Akamai Technologies, had 5,116 restricted stock units (RSUs) convert to common shares on March 6, 2026. Of those, 2,474 shares were withheld to cover taxes at $101.00/share for a withholding value of $249,874. The RSUs carry no cash exercise price (conversion), so the net shares issued to him were approximately 2,642 (5,116 vested − 2,474 withheld).
• This was a compensation vesting event (not an open‑market purchase or sale). Withholding of shares for tax obligations is routine.

Key Details

• Transaction date: March 6, 2026.
• Vesting/Conversion: 5,116 RSUs converted to shares (SEC code M). No exercise price ($0.00) for the conversion.
• Tax withholding: 2,474 shares withheld (SEC code F) at $101.00/share = $249,874.
• Net shares issued to insider: ~2,642 shares retained after withholding.
• Footnotes: F1 confirms each RSU equals one share on vesting; F3 notes the RSUs were from a March 6, 2023 grant of 15,345 RSUs that vest in three equal annual installments; F2 indicates ownership data is reported as of March 3, 2026.
• Timeliness: Filing date and Period of Report are March 6, 2026 (transaction reported on the same day), so no late filing flag is indicated.

Context

• These entries reflect RSU vesting and share‑withholding for taxes (a common cashless settlement method), not a market sale or purchase that signals a trading decision.
• The RSU conversion had no cash exercise cost (typical for RSUs). The withheld shares simply satisfied the tax withholding requirement.