Artur Bergman - May 24, 2021 Form 4 Insider Report for Fastly, Inc. (FSLY)

Role
Chief Architect, Exec. Chair, Director, 10%+ Owner
Signature
/s/ Seth Gottlieb, Attorney-in-Fact
Stock symbol
FSLY
Transactions as of
May 24, 2021
Transactions value $
-$903,383
Form type
4
Date filed
5/26/2021, 06:59 PM
Previous filing
May 25, 2021
Next filing
Jun 3, 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 +19.8K +6.6% $0.00 319K May 24, 2021 Direct F1
transaction FSLY Class A Common Stock Sale -$723K -15.9K -4.97% $45.57 303K May 24, 2021 Direct F2, F3
transaction FSLY Class A Common Stock Sale -$181K -3.91K -1.29% $46.20 300K May 24, 2021 Direct F2, F4

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 -19.8K -0.34% $0.00 5.84M May 24, 2021 Class A Common Stock 19.8K Direct F1, F5
holding FSLY Class B Common Stock 1.51M May 24, 2021 Class A Common Stock 1.7M See Footnote F5, F6
holding FSLY Class B Common Stock 711K May 24, 2021 Class A Common Stock 800K See Footnote F5, F7
* 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 $45.00 to $45.98. 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 ranges set forth in footnotes (3) through (4) to 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 $46.01 to $46.52, inclusive.
F5 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.
F6 The shares are held by The Artur Bergman 2019 Annuity Trust One, of which the reporting person is trustee.
F7 The shares are held by The Artur Bergman 2019 Annuity Trust Two, of which the reporting person is trustee.