Form 4: Fastly's CTO, Artur Bergman, Sells Shares to Cover Tax Obligations

Artur Bergman, Fastly's Chief Technology Officer, sold 4,016 shares of Class A Common Stock on February 28, 2025, to satisfy tax obligations related to vesting Restricted Stock Units.

Summary

• On February 28, 2025, Artur Bergman, the Chief Technology Officer of Fastly, sold 4,016 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $6.64 per share, with individual transactions ranging from $6.57 to $6.64.
• The purpose of the sale was to cover tax obligations associated with the vesting of previously granted Restricted Stock Units.
• Following the transaction, Bergman directly owns 3,674,362 shares of Class A Common Stock.
• Bergman also indirectly owns shares through various trusts, including 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. 2 (156,521 shares), The Per Artur Bergman Grantor Retained Annuity Trust No. 3 (50,481 shares), and The Per Artur Bergman Grantor Retained Annuity Trust No. 4 (792,998 shares).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an insider stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales of shares by company insiders are a common occurrence, often related to compensation and tax planning. The market typically assesses the size and frequency of such sales to gauge potential impact on stock price and investor sentiment.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment.

Key Dates