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

Fastly's Chief Technology Officer, Artur Bergman, sold 2,718 shares of Class A Common Stock for $12.51 per share through a pre-arranged trading plan.

Summary

• Artur Bergman, Fastly's Chief Technology Officer and a Director, reported the sale of 2,718 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $12.51 per share, with individual transactions ranging from $12.50 to $12.52.
• The sale was executed on November 12, 2025, pursuant to a Rule 10b5-1 trading plan adopted on June 3, 2025.
• The shares were sold by The Per Artur Bergman Revocable Trust, of which Mr. Bergman is settlor, sole trustee, and sole beneficiary.
• Following the transaction, Mr. Bergman directly beneficially owns 3,078,558 shares and indirectly owns 2,500,558 shares through The Per Artur Bergman Revocable Trust, along with additional shares through other trusts totaling 1,949,749 shares (The Artur Bergman Remainder Trust One DTD 5/2/2019: 840,005 shares; The Artur Bergman Remainder Trust Three DTD 5/2/2019: 109,686 shares; The Per Artur Bergman Grantor Retained Annuity Trust No. 3: 50,481 shares; The Per Artur Bergman Grantor Retained Annuity Trust No. 4: 792,998 shares; The PAB 2021 Remainder Trust: 156,521 shares).

Sentiment

Score: 5

Explanation: A neutral score, as the sale is a pre-planned transaction under a 10b5-1 plan, which typically mitigates the negative signal often associated with insider sales. It's a routine liquidity event rather than a reaction to new company performance.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• The sale of 2,718 shares was executed by The Per Artur Bergman Revocable Trust, of which the reporting person, Artur Bergman, is the settlor, sole trustee, and sole beneficiary.

Stakeholder Impact

• Shareholders may interpret the insider sale as a slight negative signal, although the 10b5-1 plan mitigates this concern by indicating a pre-scheduled liquidity event rather than a reaction to new information.

Key Dates

Recommendation

The sale by Fastly's CTO, Artur Bergman, was conducted under a pre-arranged Rule 10b5-1 trading plan. While insider sales can sometimes signal a lack of confidence, a 10b5-1 plan indicates a scheduled liquidity event rather than a discretionary sale based on new, non-public information. The relatively small number of shares sold (2,718) compared to his total beneficial ownership (over 6.5 million shares) suggests this is a routine personal financial management action. Without additional context on Fastly's performance or other market factors, this specific transaction alone does not warrant a change from a 'hold' position, as it doesn't provide new fundamental insights into the company's prospects.

Keywords

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