{"filing":{"accession_number":"0001193125-26-237084","cik":"0001086222","ticker":"AKAM","company_name":"AKAMAI TECHNOLOGIES INC","form":"8-K","filing_date":"2026-05-22","report_date":null,"primary_document":"d144441d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1086222/000119312526237084/d144441d8k.htm"},"events":[{"id":10584,"run_id":9285,"accession_number":"0001193125-26-237084","anchor_item_number":"1.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.94,"summary":"Akamai completed a $3.5 billion convertible note offering ($1.75 billion 2030 Notes and $1.75 billion 2032 Notes) in a private placement under Rule 144A and Section 4(a)(2), with conversion rates of 4.9650 and 5.2408 shares per $1,000 principal respectively, creating significant dilution potential for existing shareholders. The offering also included warrant transactions with additional dilutive effects if stock price exceeds strike prices.","company_name":"AKAMAI TECHNOLOGIES INC","ticker":"AKAM","filing_date":"2026-05-22","form":"8-K","submitted_at":null,"items":[{"id":6928,"accession_number":"0001193125-26-237084","item_number":"1.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Akamai completed a $3.5 billion convertible note offering ($1.75 billion 2030 Notes and $1.75 billion 2032 Notes) in a private placement under Rule 144A. The Notes are convertible into common stock at specified conversion rates (4.9650 and 5.2408 shares per $1,000 principal, respectively), creating significant dilution potential. Additionally, Akamai entered into warrant transactions that could have dilutive effects if the stock price exceeds the warrant strike prices. This is a material capital-raising event with substantial equity dilution implications for existing shareholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6929,"accession_number":"0001193125-26-237084","item_number":"2.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation, but the actual substance is incorporated by reference from Item 1.01. Without access to Item 1.01's content, the specific nature of the obligation cannot be determined. Item 1.01 typically covers material acquisitions or dispositions (ma_activity), but could also relate to debt issuance, lease arrangements, or other financial obligations. Given the ambiguity and the cross-reference structure, this is classified as other_material pending visibility into the referenced Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6930,"accession_number":"0001193125-26-237084","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 discloses unregistered sales of convertible notes and warrants under Section 4(a)(2) and Rule 144A exemptions. The filing explicitly references \"common stock issuable upon conversion of the Notes,\" indicating a dilutive equity issuance. This is a classic dilutive capital raise that would materially affect shareholder equity and voting power.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":10585,"run_id":9285,"accession_number":"0001193125-26-237084","anchor_item_number":"8.01","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"summary":"Akamai used approximately $350 million of net proceeds from the convertible notes offering to repurchase 2.48 million shares of common stock at $141.34 per share in privately negotiated transactions, representing a material capital allocation decision concurrent with the debt offering.","company_name":"AKAMAI TECHNOLOGIES INC","ticker":"AKAM","filing_date":"2026-05-22","form":"8-K","submitted_at":null,"items":[{"id":6931,"accession_number":"0001193125-26-237084","item_number":"8.01","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"Akamai used approximately $350 million of net proceeds from a Notes sale to repurchase 2.48 million shares of common stock at $141.34 per share in privately negotiated transactions. While share repurchases are generally routine capital allocation decisions, the scale ($350M) and connection to a concurrent debt offering (Notes sale) make this material to investor assessment of capital structure and cash deployment. However, the disclosure lacks the hallmarks of dilutive issuance (which focuses on new equity issuance) or other more specific event types, warranting classification as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":6928,"accession_number":"0001193125-26-237084","item_number":"1.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Akamai completed a $3.5 billion convertible note offering ($1.75 billion 2030 Notes and $1.75 billion 2032 Notes) in a private placement under Rule 144A. The Notes are convertible into common stock at specified conversion rates (4.9650 and 5.2408 shares per $1,000 principal, respectively), creating significant dilution potential. Additionally, Akamai entered into warrant transactions that could have dilutive effects if the stock price exceeds the warrant strike prices. This is a material capital-raising event with substantial equity dilution implications for existing shareholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"AKAMAI TECHNOLOGIES INC","ticker":"AKAM","filing_date":"2026-05-22"},{"id":6929,"accession_number":"0001193125-26-237084","item_number":"2.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation, but the actual substance is incorporated by reference from Item 1.01. Without access to Item 1.01's content, the specific nature of the obligation cannot be determined. Item 1.01 typically covers material acquisitions or dispositions (ma_activity), but could also relate to debt issuance, lease arrangements, or other financial obligations. Given the ambiguity and the cross-reference structure, this is classified as other_material pending visibility into the referenced Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"AKAMAI TECHNOLOGIES INC","ticker":"AKAM","filing_date":"2026-05-22"},{"id":6930,"accession_number":"0001193125-26-237084","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 discloses unregistered sales of convertible notes and warrants under Section 4(a)(2) and Rule 144A exemptions. The filing explicitly references \"common stock issuable upon conversion of the Notes,\" indicating a dilutive equity issuance. This is a classic dilutive capital raise that would materially affect shareholder equity and voting power.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"AKAMAI TECHNOLOGIES INC","ticker":"AKAM","filing_date":"2026-05-22"},{"id":6931,"accession_number":"0001193125-26-237084","item_number":"8.01","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"Akamai used approximately $350 million of net proceeds from a Notes sale to repurchase 2.48 million shares of common stock at $141.34 per share in privately negotiated transactions. While share repurchases are generally routine capital allocation decisions, the scale ($350M) and connection to a concurrent debt offering (Notes sale) make this material to investor assessment of capital structure and cash deployment. However, the disclosure lacks the hallmarks of dilutive issuance (which focuses on new equity issuance) or other more specific event types, warranting classification as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:29:25.527592+00:00","company_name":"AKAMAI TECHNOLOGIES INC","ticker":"AKAM","filing_date":"2026-05-22"}]}