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

Fastly's Chief Technology Officer, Artur Bergman, sold 40,000 shares of Class A Common Stock for approximately $430,680 through a pre-arranged trading plan.

Summary

• Artur Bergman, Chief Technology Officer and Director of Fastly, Inc. (FSLY), reported the sale of 40,000 shares of Class A Common Stock.
• The transactions occurred on November 17, 2025, and were executed pursuant to a Rule 10b5-1 trading plan adopted on June 3, 2025.
• 39,000 shares were sold at a weighted average price of $10.75, with prices ranging from $10.40 to $11.39.
• An additional 1,000 shares were sold at a weighted average price of $11.43, with prices ranging from $11.40 to $11.48.
• The total estimated proceeds from these sales amount to approximately $430,680.
• The shares were sold by The Per Artur Bergman Revocable Trust, to which Artur Bergman had previously contributed these shares, changing the form of beneficial ownership from direct to indirect.
• Following these transactions, Artur Bergman directly beneficially owns 3,038,558 shares of Class A Common Stock.
• Artur Bergman also indirectly beneficially owns shares through several trusts: The Per Artur Bergman Revocable Trust (2,500,558 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), and The PAB 2021 Remainder Trust (156,521 shares).

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by a key executive, even under a pre-arranged plan, can be perceived as a negative signal regarding the company's short-term prospects or valuation. However, the pre-planned nature mitigates the immediate negative impact compared to an unplanned sale.

Negatives

• The sale of a significant number of shares by a key executive, even under a pre-arranged plan, can be perceived by the market as a negative signal regarding the company's short-term prospects or valuation.

Future Outlook

This filing, a Form 4, does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is specific to an insider transaction at Fastly, Inc. and does not provide broader industry context or trends.

Related Party Transactions

• The reported sales were executed by The Per Artur Bergman Revocable Trust, of which Artur Bergman is settlor, sole trustee, and sole beneficiary. This constitutes a transaction involving a related party.

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal that a key executive believes the stock is fully valued or that there are better investment opportunities elsewhere, potentially leading to negative sentiment or downward pressure on the stock price.

Key Dates

Recommendation

The sale of 40,000 shares by Fastly's CTO, Artur Bergman, while executed under a pre-arranged 10b5-1 trading plan, represents a significant insider divestment. This could be interpreted by the market as a signal that the executive believes the stock is adequately valued or for personal diversification. Given the pre-planned nature, it's not an immediate reaction to new negative information, but it still warrants a cautious 'hold' stance for investors to assess broader company performance and market sentiment.

Keywords

Fastly, FSLY, Artur Bergman, CTO, Director, Insider Sale, Form 4, 10b5-1 Plan, Stock Transaction, Beneficial Ownership