Form 4: Fastly CTO Artur Bergman Sells 20,000 Shares

Fastly's Chief Technology Officer, Artur Bergman, sold 20,000 shares of Class A Common Stock at a weighted average price of $8.70 per share through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Artur Bergman, a Director and Chief Technology Officer of Fastly, Inc. (FSLY), reported a transaction on September 22, 2025.
• The transaction involved the sale of 20,000 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $8.70 per share, with individual sales ranging from $8.43 to $8.78.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bergman on June 3, 2025.
• The shares were sold by the Per Artur Bergman Revocable Trust, which resulted in a change in the form of beneficial ownership from direct to indirect for these specific shares.
• Following the transaction, Mr. Bergman directly beneficially owns 3,461,276 shares of Class A Common Stock.
• Indirect beneficial ownership includes 2,500,558 shares held by The Per Artur Bergman Revocable Trust, 840,005 shares by The Artur Bergman Remainder Trust One DTD 5/2/2019, 109,686 shares by The Artur Bergman Remainder Trust Three DTD 5/2/2019, 50,481 shares by The Per Artur Bergman Grantor Retained Annuity Trust No. 3, 792,998 shares by The Per Artur Bergman Grantor Retained Annuity Trust No. 4, and 156,521 shares by The PAB 2021 Remainder Trust.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the sale was pre-planned via a 10b5-1 plan, insider selling, especially by a CTO, can sometimes be perceived negatively by the market, even if it's for personal financial management. The price point of $8.70 is also noted.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market, potentially signaling a lack of confidence or a belief that the stock is fairly valued or overvalued at the sale price.

Future Outlook

This Form 4 filing does not contain any explicit forward-looking statements or guidance regarding Fastly's future performance or strategic direction.

Industry Context

This filing reports an individual insider transaction and does not provide information directly related to broader industry trends or competitive landscape. It reflects personal financial planning by an executive rather than a company-wide strategic move.

Related Party Transactions

• The shares were sold by the Per Artur Bergman Revocable Trust, of which the reporting person is settlor, sole trustee, and sole beneficiary. Other indirect holdings are through various trusts where the reporting person is either an investment advisor or trustee.

Stakeholder Impact

• Shareholders: May experience minor negative sentiment due to insider selling, although the pre-planned nature of the transaction via a Rule 10b5-1 plan mitigates concerns about immediate market timing.

Next Steps

• The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the reported range.

Key Dates

Recommendation

This Form 4 reports a routine insider sale executed under a pre-established 10b5-1 plan, which typically indicates personal financial planning rather than a reactive market view. While insider selling can sometimes be a yellow flag, the pre-planned nature and the relatively small volume (20,000 shares) in the context of the executive's total holdings and Fastly's market capitalization suggest it's not a strong signal for a 'sell' recommendation. Without additional company-specific news or broader market context, a 'hold' stance is appropriate as this filing alone does not provide sufficient new information to alter an investment thesis.

Keywords

Fastly, FSLY, Artur Bergman, Insider Trading, Form 4, Stock Sale, CTO, Director, Rule 10b5-1