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

Fastly's Chief Technology Officer and Director, Artur Bergman, sold a total of 20,000 shares of Class A Common Stock on September 15, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Artur Bergman, Fastly, Inc.'s Chief Technology Officer and Director, reported the sale of 20,000 shares of Class A Common Stock.
• The transactions occurred on September 15, 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.
• One transaction involved the sale of 17,062 shares at a weighted average price of $8.49 per share, with prices ranging from $7.89 to $8.87.
• A second transaction involved the sale of 2,938 shares at a weighted average price of $8.97 per share, with prices ranging from $8.89 to $9.06.
• Following these sales, Artur Bergman directly holds 3,481,276 shares and maintains significant indirect beneficial ownership through various trusts.

Sentiment

Score: 4

Explanation: The sale by a key executive is generally viewed with slight negativity, but the pre-arranged 10b5-1 plan mitigates concerns that it's based on adverse undisclosed information, leading to a neutral-to-slightly-negative sentiment.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a structured approach to personal financial management rather than a reactive sale based on immediate, undisclosed company news.

Negatives

• The sale of 20,000 shares by a key executive (CTO and Director) could be perceived negatively by investors, potentially signaling a lack of confidence, despite being pre-planned.
• The sales were executed at weighted average prices of $8.49 and $8.97, which are below the company's historical highs.

Future Outlook

NA

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends. It reflects a personal financial decision by a company executive.

Related Party Transactions

• The reported sales were executed by The Per Artur Bergman Revocable Trust, of which Artur Bergman is the settlor, sole trustee, and sole beneficiary.
• Artur Bergman also holds shares indirectly through other trusts where he serves as an investment advisor or trustee, including 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.

Stakeholder Impact

• Shareholders may interpret the executive's sale as a signal, potentially influencing short-term stock price perception, although the 10b5-1 plan suggests a planned financial move rather than a reaction to company performance.

Key Dates

Recommendation

The filing details a pre-scheduled insider sale by the CTO, Artur Bergman, under a Rule 10b5-1 plan. While insider selling can sometimes be a negative signal, the pre-planned nature suggests personal financial management rather than a reaction to new, adverse company information. The transaction itself does not provide new fundamental information about Fastly's operational performance or strategic direction. Therefore, a 'hold' recommendation is appropriate, as this event alone is unlikely to fundamentally alter the investment thesis for a seasoned investor, but it warrants monitoring for any broader patterns of insider activity.

Keywords

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