Artur Bergman - Jun 7, 2021 Form 4 Insider Report for Fastly, Inc. (FSLY)

Signature
/s/ Seth Gottlieb, Attorney-in-Fact
Stock symbol
FSLY
Transactions as of
Jun 7, 2021
Transactions value $
-$720,235
Form type
4
Date filed
6/9/2021, 08:03 PM
Previous filing
Jun 3, 2021
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSLY Class A Common Stock Conversion of derivative security $0 +14.4K +4.82% $0.00 314K Jun 7, 2021 Direct F1
transaction FSLY Class A Common Stock Sale -$46.9K -1K -0.32% $46.93 313K Jun 7, 2021 Direct F2, F3
transaction FSLY Class A Common Stock Sale -$52.7K -1.1K -0.35% $47.89 312K Jun 7, 2021 Direct F2, F4
transaction FSLY Class A Common Stock Sale -$58.8K -1.2K -0.38% $48.99 311K Jun 7, 2021 Direct F2, F5
transaction FSLY Class A Common Stock Sale -$215K -4.3K -1.38% $49.99 306K Jun 7, 2021 Direct F2, F6
transaction FSLY Class A Common Stock Sale -$347K -6.82K -2.23% $50.84 300K Jun 7, 2021 Direct F2, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FSLY Class B Common Stock Gift $0 -1.51M -100% $0.00* 0 Jun 2, 2021 Class A Common Stock 1.51M See Footnote F8, F9, F10
transaction FSLY Class B Common Stock Gift $0 -711K -100% $0.00* 0 Jun 2, 2021 Class A Common Stock 711K See Footnote F8, F11, F12
transaction FSLY Class B Common Stock Gift $0 +840K $0.00 840K Jun 2, 2021 Class A Common Stock 840K See Footnote F8, F13
transaction FSLY Class B Common Stock Gift $0 +210K $0.00 210K Jun 2, 2021 Class A Common Stock 210K See Footnote F8, F14
transaction FSLY Class B Common Stock Gift $0 +210K $0.00 210K Jun 2, 2021 Class A Common Stock 210K See Footnote F8, F15
transaction FSLY Class B Common Stock Gift $0 +963K +16.54% $0.00 6.79M Jun 2, 2021 Class A Common Stock 963K Direct F8
transaction FSLY Class B Common Stock Gift $0 -1M -14.73% $0.00 5.79M Jun 4, 2021 Class A Common Stock 1M Direct F8, F16
transaction FSLY Class B Common Stock Gift $0 +1M $0.00 1M Jun 4, 2021 Class A Common Stock 1M See Footnote F8, F17
transaction FSLY Class B Common Stock Conversion of derivative security $0 -14.4K -0.25% $0.00 5.77M Jun 7, 2021 Class A Common Stock 14.4K Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock converted into Class A Common Stock upon the election of the reporting person.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.38 to $47.31, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the rangesin Footnotes (3) and (7) of this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.39 to $48.30, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.45 to $49.43, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.49 to $50.48, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.51 to $51.27, inclusive.
F8 Each share of Class B Common Stock will convert automatically into Class A Common Stock upon (a) nine months following the death of the reporting person, or (b) any transfer except certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) the first trading day falling nine months after the date on which the shares of Class B Common Stock represent less than 10% of the aggregate number of outstanding shares of Class A Common Stock and Class B Common Stock, (ii) the date specified by the vote of the holders of Class B Common Stock representing at least a majority of the outstanding shares of Class B Common Stock, or (iii) the first trading day falling seven years after the Effective Time as defined in the Issuer's amended and restated certificate of incorporation, as amended.
F9 Upon termination of The Artur Bergman 2019 Annuity Trust One, on June 2, 2021, 840,005 shares were distributed to The Arthur Bergman Remainder Trust One DTD 5/2/2019 and 209,686 shares were distributed to The Arthur Bergman Remainder Trust Two DTD 5/2/2019. 461,756 shares were distributed to the reporting person and continue to be reported in this Form 4 as directly owned.
F10 The shares were held by The Artur Bergman 2019 Annuity Trust One, of which the reporting person is trustee.
F11 Upon termination of The Artur Bergman 2019 Annuity Trust Two, on June 2, 2021, 209,686 shares were distributed to The Arthur Bergman Remainder Trust Three DTD 5/2/2019. 501,583 shares were distributed to the reporting person and continue to be reported in this Form 4 as directly held.
F12 The shares were held by The Artur Bergman 2019 Annuity Trust Two, of which the reporting person is trustee.
F13 The shares are held by The Artur Bergman Remainder Trust One DTD 5/2/2019, of which the reporting person is the investment advisor.
F14 The shares are held by The Artur Bergman Remainder Trust Two DTD 5/2/2019, of which the reporting person is the investment advisor.
F15 The shares are held by The Artur Bergman Remainder Trust Three DTD 5/2/2019, of which the reporting person is the investment advisor.
F16 On June 4, 2021, the reporting person transferred the shares to The Per Artur Bergman Grantor Retained Annuity Trust No. 1, of which the reporting person is trustee.
F17 The shares are held by The Per Artur Bergman Grantor Retained Annuity Trust No. 1, of which the reporting person is trustee.