Form 4: Fastly CTO Sells 58,138 Shares Under 10b5-1 Plan

Fastly's Chief Technology Officer, Artur Bergman, sold 58,138 shares of Class A Common Stock for a weighted average price of $7.41 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Artur Bergman, Fastly's Chief Technology Officer and Director, disposed of 58,138 shares of Class A Common Stock.
• The transaction occurred on September 2, 2025, at a weighted average price of $7.41 per share.
• The shares were sold in multiple transactions with prices ranging from $7.27 to $7.50.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted on June 3, 2025.
• Following the transaction, Mr. Bergman directly beneficially owns 3,521,276 shares of Class A Common Stock.
• He also holds significant indirect beneficial ownership through various trusts, totaling 4,450,249 shares.

Sentiment

Score: 5

Explanation: The sale of shares by the CTO was conducted under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new, adverse company information. This makes the transaction largely neutral in terms of immediate sentiment.

Positives

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

Negatives

• An insider, the Chief Technology Officer and Director, sold a significant number of shares (58,138 shares).
• The sale reduces the insider's direct beneficial ownership in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale by a key executive might be viewed with slight caution, though the 10b5-1 plan lessens the concern. It could put minor downward pressure on the stock price if interpreted negatively.

Key Dates

Recommendation

The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan. This type of transaction is generally not indicative of new material information about the company's prospects and is often for personal financial planning. Therefore, it does not provide a strong basis for a change in investment recommendation. Investors should continue to hold based on their existing fundamental analysis of Fastly, Inc.

Keywords

Fastly, FSLY, Artur Bergman, insider trading, Form 4, stock sale, 10b5-1 plan, Chief Technology Officer, Director, beneficial ownership