Christopher B. Paisley - May 17, 2021 Form 4 Insider Report for Fastly, Inc. (FSLY)

Role: Director
Signature: /s/ Seth Gottlieb, Attorney-in-Fact
Stock symbol: FSLY
Transactions as of: May 17, 2021
Transactions value $: -$42,380
Form type: 4
Date filed: 5/19/2021, 05:17 PM
Next filing: May 27, 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	+1K	+26.01%	$0.00	4.84K	May 17, 2021	Direct	F1
transaction	FSLY	Class A Common Stock	Sale	-$42.4K	-1K	-20.64%	$42.38	3.84K	May 17, 2021	Direct	F2

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	Conversion of derivative security	$0	-1K	-0.95%	$0.00	104K	May 17, 2021	Class A Common Stock	1K		Direct	F1, F3

* 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	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 ten years after the Effective Time as defined in the Issuer's amended and restated certificate of incorporation.