Form 4: Fastly CTO Sells 20,000 Shares Under 10b5-1 Plan

Fastly's Chief Technology Officer and Director, Artur Bergman, sold 20,000 shares of Class A Common Stock for approximately $7.45 per share on September 8, 2025, as part of a pre-arranged trading plan.

Summary

• Artur Bergman, Fastly's Chief Technology Officer and a Director, reported the sale of 20,000 shares of Class A Common Stock.
• The transaction occurred on September 8, 2025.
• The shares were sold at a weighted average price of $7.45, with individual transactions ranging from $7.30 to $7.53.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bergman on June 3, 2025.
• Following this transaction, Mr. Bergman directly beneficially owns 3,501,276 shares of Class A Common Stock.
• Mr. Bergman also holds significant indirect beneficial ownership through various trusts, including The Per Artur Bergman Revocable Trust (2,500,558 shares), The Artur Bergman Remainder Trust One DTD 5/2/2019 (840,005 shares), The Artur Bergman Remainder Trust Three DTD 5/2/2019 (109,686 shares), The Per Artur Bergman Grantor Retained Annuity Trust No. 3 (50,481 shares), The Per Artur Bergman Grantor Retained Annuity Trust No. 4 (792,998 shares), and The PAB 2021 Remainder Trust (156,521 shares).

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a Rule 10b5-1 trading plan, which is generally considered a neutral event as it is not typically indicative of new material non-public information or a change in management's outlook on the company's prospects.

Future Outlook

NA

Industry Context

This is a routine insider transaction report and does not provide specific industry context. Insider sales under 10b5-1 plans are common practice for executives to diversify holdings and manage liquidity in a pre-scheduled, compliant manner.

Related Party Transactions

• Artur Bergman holds significant indirect beneficial ownership through various trusts where he serves as settlor, trustee, sole beneficiary, or investment advisor, including The Per Artur Bergman Revocable Trust, The Artur Bergman Remainder Trust One DTD 5/2/2019, The Artur Bergman Remainder Trust Three DTD 5/2/2019, The Per Artur Bergman Grantor Retained Annuity Trust No. 3, The Per Artur Bergman Grantor Retained Annuity Trust No. 4, and The PAB 2021 Remainder Trust.

Stakeholder Impact

• Shareholders: The impact is minimal as the sale was conducted under a pre-arranged 10b5-1 plan, which typically reduces the perception of a negative signal from insider selling. It represents a routine diversification or liquidity event for the executive.

Key Dates

Recommendation

The sale by a key executive was conducted under a pre-arranged 10b5-1 trading plan, indicating it was not based on new material non-public information. Such routine transactions typically do not signal a change in the company's fundamental outlook or warrant an immediate shift in investment strategy. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Fastly, FSLY, Artur Bergman, Insider Sale, Form 4, 10b5-1, CTO, Stock Transaction