Form 4: Fastly CTO Sells Shares for Tax, Trust Plan

Fastly's Chief Technology Officer, Artur Bergman, reported sales of Class A Common Stock totaling 62,828 shares, primarily for tax obligations and through a pre-arranged trust trading plan.

Summary

• Artur Bergman, Fastly's Chief Technology Officer and a Director, reported two separate sales of Class A Common Stock on November 18, 2025.
• The first transaction involved the sale of 27,999 shares at a weighted average price of $10.23 per share, ranging from $10.23 to $10.25, to satisfy tax obligations related to the vesting of Restricted Stock Units.
• The second transaction involved the sale of 34,829 shares by The Per Artur Bergman Revocable Trust at a weighted average price of $10.68 per share, ranging from $10.30 to $10.97.
• This second sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bergman on June 3, 2025.
• Following these transactions, Mr. Bergman directly beneficially owns 2,975,730 shares of Class A Common Stock.
• Indirect beneficial ownership includes 2,500,558 shares held by The Per Artur Bergman Revocable Trust, 840,005 shares by The Artur Bergman Remainder Trust One DTD 5/2/2019, 109,686 shares by The Artur Bergman Remainder Trust Three DTD 5/2/2019, 50,481 shares by The Per Artur Bergman Grantor Retained Annuity Trust No. 3, 792,998 shares by The Per Artur Bergman Grantor Retained Annuity Trust No. 4, and 156,521 shares by The PAB 2021 Remainder Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The sales are explained by tax obligations and a pre-arranged trading plan (10b5-1), which are routine and do not typically signal a negative outlook on the company's future performance. While insider sales can sometimes be viewed negatively, the context provided mitigates such concerns.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing reports routine insider transactions and does not provide information relevant to broader industry trends or competitive landscape.

Related Party Transactions

• The sale of 34,829 shares was conducted by The Per Artur Bergman Revocable Trust, of which Artur Bergman is the settlor, sole trustee, and sole beneficiary. This constitutes a related party transaction.

Stakeholder Impact

• Shareholders may observe the insider sales, but the explanations (tax obligations, 10b5-1 plan) provide context that these are routine and not necessarily indicative of a change in management's confidence in the company.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Recommendation

This Form 4 filing details routine insider stock sales for tax purposes and through a pre-established 10b5-1 trading plan. Such transactions are generally not indicative of a change in the company's fundamental outlook or a signal for significant price movement. A seasoned investor would typically 'hold' their position based solely on this information, awaiting more comprehensive financial reports or strategic announcements for a re-evaluation.

Keywords

Fastly, FSLY, Insider Trading, Form 4, Stock Sale, Artur Bergman, CTO, Rule 10b5-1, Restricted Stock Units, Tax Obligations