McGowan Edward J 4

What Happened

• Edward J. McGowan, CFO of Akamai Technologies, sold a total of 13,745 shares on March 10, 2026 in two open-market transactions for combined proceeds of about $1,390,925. The first block was 9,734 shares at a weighted average price of $100.97 (≈ $982,821). The second was 4,011 shares at a weighted average price of $101.75 (≈ $408,104). These were sales (not purchases), which are often routine insider liquidity events.

Key Details

• Transaction date: March 10, 2026 (filing date: March 10, 2026). No late filing indicated in the provided details.
• Prices and ranges:
  • 9,734 shares at weighted avg $100.97 (individual trades ranged $100.485–$101.45).
  • 4,011 shares at weighted avg $101.75 (individual trades ranged $101.52–$101.99).
• Total proceeds: ≈ $1,390,925.
• Ownership note: The filing indicates beneficial ownership includes 29,800 shares that McGowan has elected to defer under Akamai’s U.S. Non‑Qualified Deferred Compensation Plan. The exact total shares owned after these sales is not specified in the excerpt.
• Plan note: The sales were made pursuant to a Rule 10b5-1 trading plan adopted by McGowan on September 4, 2025 (pre-arranged plan).

Context

• Rule 10b5-1 plans let insiders execute pre-set trades on a schedule, which can reduce the likelihood that a sale reflects a change in sentiment about the company; they are commonly used for routine selling. This filing shows dispositions (sales), not purchases or option exercises.