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

Fastly's Chief Technology Officer, Artur Bergman, sold 20,000 shares of Class A Common Stock for a weighted average price of $8.76 per share, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Artur Bergman, Fastly's Director and Chief Technology Officer, reported the sale of 20,000 shares of Class A Common Stock.
• The transaction occurred on October 6, 2025, at a weighted average price of $8.76 per share, with individual sales ranging from $8.56 to $9.04.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Bergman on June 3, 2025.
• The shares were sold by the Per Artur Bergman Revocable Trust, to which Bergman had previously contributed these shares, changing the form of beneficial ownership from direct to indirect prior to the sale.
• Following this transaction, Bergman directly holds 3,421,276 shares of Class A Common Stock.
• Bergman also indirectly holds 4,450,249 shares through various trusts, 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.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a Rule 10b5-1 plan, which typically indicates a scheduled liquidity event rather than a reaction to new information about the company's performance. It does not inherently signal positive or negative sentiment regarding the company's future.

Risks

• While the sale was pre-planned under a Rule 10b5-1 plan, any insider selling can sometimes be misinterpreted by the market as a lack of confidence, potentially leading to short-term negative sentiment.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reports an individual insider transaction and does not provide information directly related to broader industry trends or competitive landscape.

Related Party Transactions

• The 20,000 shares were sold by the Per Artur Bergman Revocable Trust, of which Artur Bergman is the settlor, sole trustee, and sole beneficiary. This constitutes a transaction involving a trust controlled by the reporting person.
• Artur Bergman also holds indirect beneficial ownership through other trusts where he serves as investment advisor or trustee, including 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 sale of shares by a key executive, even if pre-planned, could lead to minor short-term market speculation, though the impact is generally mitigated by the 10b5-1 plan disclosure.
• Employees: No direct impact on employees is indicated by this insider transaction.

Key Dates

Recommendation

The sale of shares by Fastly's CTO, Artur Bergman, was executed under a pre-arranged Rule 10b5-1 trading plan. This type of transaction is typically for personal financial planning and does not usually reflect a change in the company's fundamental outlook or performance. Therefore, it does not provide new information that would warrant a change in investment recommendation based solely on this filing. Investors should continue to evaluate Fastly based on its operational performance, financial results, and market position.

Keywords

FSLY, Fastly, Artur Bergman, CTO, Director, Insider Sale, 10b5-1 Plan, Stock Transaction, Equity Securities