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 $8.23 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 20, 2025, at a weighted average price of $8.23 per share, with individual sales ranging from $8.02 to $8.32.
• 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, resulting in a change in the form of beneficial ownership from direct to indirect for these specific shares.
• Following the reported transaction, Mr. Bergman directly owns 3,381,276 shares of Class A Common Stock.
• Mr. Bergman also indirectly beneficially owns an additional 5,000,249 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 sentiment is neutral. The transaction is a pre-planned insider sale under a 10b5-1 plan, which is a routine event for executives and does not inherently signal positive or negative company performance.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than an opportunistic sale, which can mitigate concerns about insider selling.

Negatives

• The sale of 20,000 shares by a key executive, even if pre-planned, represents a reduction in their direct ownership stake in the company.

Future Outlook

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

Industry Context

Insider transactions, particularly those executed under Rule 10b5-1 plans, are common in the technology sector as executives manage personal finances and diversify holdings. These pre-arranged plans are designed to allow insiders to sell shares without being accused of trading on material non-public information.

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. This constitutes a transaction involving a related party.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in the direct ownership stake of a key executive, which is generally viewed as neutral given the pre-planned nature of the transaction.

Key Dates

Recommendation

The filing details a pre-planned insider stock sale by a key executive, which is a routine event for personal financial management and diversification. It does not provide new information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this specific filing does not alter the fundamental investment thesis for Fastly.

Keywords

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