Form 4: Fastly Chief Technology Officer Sells Shares Under 10b5-1 Trading Plan

Fastly's Chief Technology Officer, Artur Bergman, sold a portion of his Class A Common Stock holdings through a pre-arranged 10b5-1 trading plan.

Summary

• Artur Bergman, Chief Technology Officer of Fastly, Inc., executed sales of Class A Common Stock on January 6th and 7th, 2025.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 3, 2024.
• On January 6th, 8,049 shares were sold at a weighted average price of $10.04, with individual transactions ranging from $10.00 to $10.13.
• On January 7th, 400 shares were sold at $10.00 per share.
• Following these transactions, Bergman directly owns 3,425,687 shares of Class A Common Stock.
• Bergman also indirectly owns a significant number of shares through various trusts, including The Per Artur Bergman Revocable Trust, The Artur Bergman Remainder Trusts, and Grantor Retained Annuity Trusts.

Sentiment

Score: 5

Explanation: The document reflects a routine insider stock sale under a pre-arranged plan, which is neither particularly positive nor negative. It's a neutral event in the context of corporate governance.

Risks

• Sales by company insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and the use of 10b5-1 plans is a standard practice for executives to manage their stock sales while avoiding accusations of trading on non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, including Fastly's competitors such as Cloudflare (NET) and Akamai (AKAM).
• These plans allow insiders to sell shares without being accused of trading on material non-public information.
• The reported sales are relatively small compared to the total number of shares held by Bergman, which is typical for executives using these plans.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but the pre-planned nature of the transactions should mitigate any significant negative reaction.

Key Dates

Keywords

Fastly, FSLY, Artur Bergman, insider trading, Form 4, Rule 10b5-1, stock sale, Chief Technology Officer, equity securities