Limelight Networks, Inc.: management transactions · United States · SEC (Form 4)

About Limelight Networks, Inc.

Limelight Networks, Inc. (ticker LLNW) was historically a U.S.-based technology company focused on digital content delivery infrastructure. The company was listed on the NASDAQ in the United States and was founded in 2001 by Nathan F. Raciborski, Michael M. Gordon, Allan M. Kaplan, and William H. Rinehart. Its corporate base was in Arizona, in the Tempe/Scottsdale area, reflecting its roots in the U.S. technology corridor. Over time, Limelight evolved from a pure CDN provider into a broader edge-delivery platform serving customers that needed global distribution of web, video, and software content at scale.([en.wikipedia.org](https://en.wikipedia.org/wiki/Edgio?utm_source=openai)) From a business perspective, the company positioned itself as mission-critical Internet infrastructure. Its core offerings centered on website acceleration, media delivery, traffic optimization, and high-availability content distribution. These products and services were aimed primarily at media companies, streaming platforms, software publishers, and enterprises with demanding performance requirements and a global user base. The competitive landscape was intense, with Limelight facing larger and better-capitalized peers in the CDN and edge infrastructure market, most notably Akamai, which set a high bar in scale, network reach, and enterprise penetration.([en.wikipedia.org](https://en.wikipedia.org/wiki/Edgio?utm_source=openai)) The company’s recent history is defined by a major strategic transformation. In 2021, Limelight acquired Moov Corporation, which operated as Layer0, adding website orchestration and application workflow capabilities to the platform. In June 2022, Limelight completed its acquisition of Edgecast from Yahoo! and changed its corporate name to Edgio, Inc., signaling a broader pivot toward an integrated edge platform that combined delivery, security, and application services. That transaction also expanded the product stack with security capabilities and video-related solutions, giving the company a more comprehensive enterprise infrastructure proposition.([sec.gov](https://www.sec.gov/Archives/edgar/data/1391127/000139112723000016/llnw-20221231.htm?utm_source=openai)) Geographically, the business was global in scope, built around a distributed network of delivery locations and connectivity to multiple Internet service provider networks. This architecture allowed content to be served from the nearest available node, improving latency and user experience, which was central to the company’s value proposition. However, recent public information shows that the former Edgio entity filed for Chapter 11 bankruptcy in 2024 and ceased operations in January 2025. That detail is important for interpreting any SEC Form 4 insider transactions or historical market references tied to LLNW: the ticker belongs to a company whose operating history materially changed after the Limelight Networks era. For investors, the key takeaway is that LLNW represents a legacy digital infrastructure business that was later folded into Edgio and ultimately wound down.([en.wikipedia.org](https://en.wikipedia.org/wiki/Edgio?utm_source=openai))