Form 4: Fastly CTO Sells Shares for Tax Obligations

Fastly's Chief Technology Officer, Artur Bergman, sold 869 shares of Class A Common Stock to cover tax liabilities related to vested Restricted Stock Units.

Summary

• Artur Bergman, Chief Technology Officer and Director of Fastly, Inc. (FSLY), reported a transaction involving the company's Class A Common Stock.
• On February 27, 2026, Bergman disposed of 869 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $17.50 per share, with transactions ranging from $17.50 to $17.51.
• The purpose of the sale was to satisfy tax obligations incurred from the vesting of previously granted Restricted Stock Units (RSUs).
• Following this transaction, Bergman directly beneficially owns 1,841,663 shares of Class A Common Stock.
• Additionally, Bergman indirectly beneficially owns 2,185,135 shares through The Per Artur Bergman Revocable Trust, 840,005 shares through The Artur Bergman Remainder Trust One DTD 5/2/2019, 109,686 shares through The Artur Bergman Remainder Trust Three DTD 5/2/2019, 50,481 shares through The Per Artur Bergman Grantor Retained Annuity Trust No. 3, 792,998 shares through The Per Artur Bergman Grantor Retained Annuity Trust No. 4, and 156,521 shares through The PAB 2021 Remainder Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale of shares is for tax obligations related to RSU vesting, which is a routine and non-discretionary transaction for executives.

Negatives

• An insider, the Chief Technology Officer, sold 869 shares of Class A Common Stock, reducing their direct ownership in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales to cover tax obligations upon the vesting of restricted stock units are a routine and common occurrence across all industries. This type of transaction is typically not indicative of a change in management's outlook on the company's future performance but rather a standard financial practice for equity compensation.

Comparison to Industry Standards

• This transaction is a standard practice for executives receiving equity compensation, aligning with common industry practices for managing tax liabilities associated with RSU vesting.
• The volume of shares sold (869) is relatively small compared to the total beneficial ownership of Artur Bergman, suggesting a non-material impact on his overall stake in Fastly, Inc., similar to how executives at comparable tech companies like Cloudflare (NET) or Akamai (AKAM) manage their equity compensation.

Stakeholder Impact

• Shareholders: Minimal impact as the sale is routine for tax purposes and represents a small fraction of the insider's total holdings, not signaling a change in company fundamentals.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

The transaction reported is a routine sale of shares by an insider to cover tax obligations arising from the vesting of Restricted Stock Units. This is a common practice and does not typically reflect a change in the insider's confidence in the company's long-term prospects or its operational performance. Therefore, it does not provide new fundamental information that would warrant a change in investment recommendation. A 'hold' recommendation is appropriate as the core investment thesis for Fastly remains unchanged based on this filing.

Keywords

Fastly, FSLY, Insider Transaction, Form 4, Stock Sale, CTO, Artur Bergman, Tax Obligations, RSU Vesting