Form 4: Fastly CTO Sells Shares to Cover Tax Obligations Following RSU Vesting

Fastly, Inc.'s Chief Technology Officer, Artur Bergman, sold 558 shares of Class A Common Stock at $7.42 per share to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units.

Summary

• Artur Bergman, Fastly, Inc.'s Director and Chief Technology Officer, reported a transaction on May 28, 2025.
• The transaction involved the disposition of 558 shares of Fastly Class A Common Stock.
• The shares were sold at a price of $7.42 per share.
• The sale was conducted to satisfy tax obligations incurred from the vesting of previously granted Restricted Stock Units (RSUs).
• Following this transaction, Mr. Bergman directly beneficially owns 3,627,406 shares of Class A Common Stock.
• Additionally, Mr. Bergman indirectly beneficially owns 2,500,558 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: 6

Explanation: The sentiment is neutral to slightly positive. While it's a sale, it's explicitly for tax obligations related to RSU vesting, which is a routine and expected event for executives receiving equity compensation. It does not suggest a lack of confidence in the company.

Positives

• The underlying event, the vesting of Restricted Stock Units, represents a positive compensation event for the Chief Technology Officer.

Negatives

• A small number of shares were sold, which, while for tax purposes, still represents a reduction in direct insider ownership.

Future Outlook

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

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, where executives sell shares to cover tax liabilities arising from equity compensation vesting. It does not reflect broader industry trends or competitive positioning.

Related Party Transactions

• Artur Bergman indirectly holds shares through several trusts (The Per Artur Bergman Revocable Trust, The Artur Bergman Remainder Trust One DTD 5/2/2019, The Artur Bergman Remainder Trust Three DTD 5/2/2019, The Per Artur Bergman Grantor Retained Annuity Trust No. 3, The Per Artur Bergman Grantor Retained Annuity Trust No. 4, and The PAB 2021 Remainder Trust), where he serves as settlor, trustee, sole beneficiary, or investment advisor.

Stakeholder Impact

• Shareholders: Minimal impact, as the sale is small and for tax purposes, not indicative of a change in company fundamentals or management's long-term view.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Fastly, FSLY, Artur Bergman, Chief Technology Officer, Director, Insider Trading, Form 4, Stock Sale, Tax Obligations, Restricted Stock Units, RSU Vesting, Beneficial Ownership