Form 4: Fastly's Chief Technology Officer, Artur Bergman, Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Artur Bergman, Chief Technology Officer of Fastly, Inc., sold shares of Class A Common Stock on January 23 and January 27, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Artur Bergman, the Chief Technology Officer of Fastly, Inc., reported changes in beneficial ownership of the company's stock.
- On January 23, 2025, Bergman sold 31,551 shares of Class A Common Stock at a weighted average price of $10.31.
- On January 27, 2025, Bergman sold 10,000 shares of Class A Common Stock at a weighted average price of $10.12.
- These sales were executed under a Rule 10b5-1 trading plan adopted on June 3, 2024.
- Following these transactions, Bergman directly owns 3,384,136 shares of Class A Common Stock.
- Bergman also indirectly owns shares through various trusts, including 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. 2, The Per Artur Bergman Grantor Retained Annuity Trust No. 3, and The Per Artur Bergman Grantor Retained Annuity Trust No. 4.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as the sales were pre-planned.
Industry Context
Sales by company insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of insider trading. The market typically analyzes the size and frequency of these sales to gauge insider sentiment.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the existence of a 10b5-1 plan may mitigate concerns.
Key Dates
| Date | Description |
|---|---|
| 2019-05-02 | Date of The Artur Bergman Remainder Trust One DTD and The Artur Bergman Remainder Trust Three DTD. |
| 2024-06-03 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-01-23 | Date of first reported transaction: sale of 31,551 shares. |
| 2025-01-27 | Date of second reported transaction: sale of 10,000 shares. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.