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 $9.35 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Artur Bergman, Chief Technology Officer and Director of Fastly, Inc. (FSLY), reported the sale of 20,000 shares of Class A Common Stock.
• The transaction occurred on January 12, 2026, at a weighted average price of $9.35 per share, with individual sales ranging from $9.27 to $9.44.
• 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, following a contribution of these shares by Mr. Bergman to the trust, which resulted in a change in the form of beneficial ownership from direct to indirect.
• Following the transaction, Mr. Bergman directly beneficially owns 2,670,579 shares of Class A Common Stock.
• Mr. Bergman also indirectly beneficially owns an additional 4,449,209 shares through various trusts.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider stock sale under a 10b5-1 plan, which is a neutral event for company operations and does not reflect a change in fundamental outlook.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled, non-discretionary transaction rather than a reaction to recent company performance or news.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by investors as it reduces management's direct equity stake in the company.

Risks

• No specific risks to the company's operations or financial health are disclosed in this Form 4 filing, which primarily reports an insider transaction.

Future Outlook

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

Industry Context

This insider transaction is a routine disclosure and does not provide specific insights into broader industry trends or Fastly's competitive position within the content delivery network (CDN) and edge cloud market.

Related Party Transactions

• The Per Artur Bergman Revocable Trust: Holds 2,500,558 shares indirectly, and was the entity that sold the 20,000 shares. Artur Bergman is settlor, sole trustee, and sole beneficiary.
• The Artur Bergman Remainder Trust One DTD 5/2/2019: Holds 840,005 shares indirectly. Artur Bergman is the investment advisor.
• The Artur Bergman Remainder Trust Three DTD 5/2/2019: Holds 109,686 shares indirectly. Artur Bergman is the investment advisor.
• The Per Artur Bergman Grantor Retained Annuity Trust No. 3: Holds 50,481 shares indirectly. Artur Bergman is trustee.
• The Per Artur Bergman Grantor Retained Annuity Trust No. 4: Holds 792,998 shares indirectly. Artur Bergman is trustee.
• The PAB 2021 Remainder Trust: Holds 156,521 shares indirectly. Artur Bergman is the investment advisor.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in the CTO's direct equity exposure, but the pre-planned nature under a 10b5-1 plan typically mitigates concerns about management's confidence in the company's future.
• Employees, Customers, Suppliers, Creditors: No direct impact is expected from this routine insider transaction.

Key Dates

Recommendation

The Form 4 reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan. This type of transaction is generally not indicative of a change in the company's fundamental outlook or performance, thus a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

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