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 $8.22 per share.

Summary

• Artur Bergman, Fastly, Inc.'s Director and Chief Technology Officer, reported a sale of Class A Common Stock.
• The transaction involved the disposition of 20,000 shares on October 13, 2025.
• The shares were sold at a weighted average price of $8.22 per share, with individual transaction prices ranging from $8.13 to $8.37.
• 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 the shares, changing the form of beneficial ownership from direct to indirect.
• Following the transaction, Bergman directly owns 3,401,276 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: 6

Explanation: The sentiment is neutral to slightly negative. While it's an insider sale, the fact that it's a pre-planned 10b5-1 transaction mitigates significant negative interpretation, suggesting a routine financial management decision rather than a signal of distress or lack of confidence.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned diversification or liquidity event rather than a reactive decision based on new information.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, although the amount sold is relatively small compared to total holdings.

Risks

• No specific risks beyond the general market perception of insider selling are mentioned in this Form 4 filing.

Future Outlook

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

Industry Context

Insider transactions, particularly those executed under Rule 10b5-1 plans, are a routine part of executive compensation and personal financial management across all industries. They typically reflect an executive's pre-planned strategy for diversification or liquidity rather than a reaction to specific company or industry news.

Related Party Transactions

• The shares were sold by The Per Artur Bergman Revocable Trust, of which Artur Bergman is the settlor, sole trustee, and sole beneficiary. Other indirect holdings are also through trusts where Bergman has advisory or trustee roles.

Stakeholder Impact

• Shareholders may note the insider sale, but given it's a pre-planned 10b5-1 transaction and a relatively small amount, the direct impact on shareholder confidence or company operations is likely minimal.

Key Dates

Recommendation

The reported transaction is a routine insider sale executed under a pre-arranged 10b5-1 trading plan. This type of transaction is generally for personal financial planning or diversification and does not typically signal a change in the company's fundamental outlook or warrant a significant shift in investment strategy. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific insider activity.

Keywords

Fastly, FSLY, Artur Bergman, CTO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Equity Disposition