Form 4: Fastly CTO Sells 40,000 Shares Under 10b5-1 Plan

Fastly's Chief Technology Officer, Artur Bergman, sold 40,000 shares of Class A Common Stock for a weighted average price of $10.66 per share.

Summary

• Artur Bergman, Fastly's Chief Technology Officer and Director, sold 40,000 shares of Class A Common Stock.
• The transaction occurred on December 8, 2025, at a weighted average price of $10.66 per share.
• The shares were sold by the Per Artur Bergman Revocable Trust, pursuant to a Rule 10b5-1 trading plan adopted on June 3, 2025.
• The sale price ranged from $10.36 to $11.08 per share.
• Following the transaction, Bergman directly owns 2,850,579 shares and indirectly owns 4,450,249 shares through various trusts.

Sentiment

Score: 3

Explanation: The sale of shares by a key insider, even under a pre-arranged plan, generally carries a slightly negative sentiment as it can be perceived as a lack of confidence or a move to diversify away from the company's stock.

Negatives

• A key insider, the CTO and a Director, sold 40,000 shares of company stock.
• Insider selling can sometimes be interpreted negatively by the market, suggesting a desire to diversify or a lack of confidence, even when pre-planned.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Artur Bergman, the reporting person, sold shares through The Per Artur Bergman Revocable Trust, of which he is the settlor, sole trustee, and sole beneficiary. This constitutes a related party transaction.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a negative signal, potentially influencing stock price.

Key Dates

Recommendation

While insider selling can be a negative signal, this transaction was conducted under a Rule 10b5-1 plan, indicating it was pre-scheduled and not necessarily based on new, adverse material information. The amount sold represents a small fraction of the insider's total holdings, which remain substantial. Therefore, a 'hold' recommendation is appropriate, advising investors to monitor future company performance and broader market conditions rather than reacting solely to this planned sale.

Keywords

Fastly, FSLY, Artur Bergman, Insider Sale, Form 4, SEC Filing, Stock Transaction, Chief Technology Officer, Director, 10b5-1 Plan