Form 4: Fastly CFO Sells 12,000 Shares Under Pre-Arranged Trading Plan

Fastly, Inc.'s Chief Financial Officer, Ronald W. Kisling, reported the sale of 12,000 shares of Class A Common Stock for a weighted average price of $7.41 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Ronald W. Kisling, Chief Financial Officer of Fastly, Inc. (FSLY), reported the sale of 12,000 shares of Class A Common Stock.
• The transaction occurred on June 2, 2025, at a weighted average price of $7.41 per share, with individual sales ranging from $7.19 to $7.50.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kisling on September 5, 2024.
• The shares were sold by the Ronald Kisling Living Trust, which involved a change in the form of beneficial ownership from direct to indirect for the contributed shares.
• Following this transaction, Mr. Kisling beneficially owns 635,053 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly negative. While insider selling can be perceived negatively, the execution under a pre-arranged Rule 10b5-1 plan mitigates concerns that the sale is based on new, adverse non-public information. It's a routine disclosure of a planned transaction.

Positives

• The sale was executed under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on new, non-public information, which can mitigate negative perceptions of insider selling.

Negatives

• The Chief Financial Officer of Fastly, Inc. sold 12,000 shares of company stock, representing a reduction in direct insider ownership.

Future Outlook

This Form 4 filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 5, 2024.
• The shares were sold by the Ronald Kisling Living Trust, to which the reporting person contributed 12,000 shares of common stock of the Issuer in a transaction that resulted in a change in the form of beneficial ownership from direct to indirect.
• The price reported is a weighted average price, with shares sold in multiple transactions ranging from $7.19 to $7.50.

Industry Context

This document reports a routine insider stock transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The shares were sold by the Ronald Kisling Living Trust, which is a related entity to the reporting person, Ronald W. Kisling.

Stakeholder Impact

• Shareholders may note the reduction in direct insider ownership, though the 10b5-1 plan context suggests it was a pre-planned diversification or liquidity event rather than a reaction to new company developments.

Key Dates

Keywords

Fastly, FSLY, Form 4, Insider Trading, Stock Sale, CFO, Ronald Kisling, 10b5-1 Plan, Equity Transaction