Adriel G. Lares - 15 Jul 2021 Form 4 Insider Report for Fastly, Inc. (FSLY)

Role
Chief Financial Officer
Signature
/s/ Seth Gottlieb, Attorney-in-Fact
Issuer symbol
FSLY
Transactions as of
15 Jul 2021
Net transactions value
-$250,000
Form type
4
Filing time
19 Jul 2021, 18:07:08 UTC
Previous filing
20 May 2021
Next filing
08 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSLY Class A Common Stock Options Exercise $0 +5,000 +2.8% $0.000000 184,471 15 Jul 2021 Direct
transaction FSLY Class A Common Stock Sale $250,000 -5,000 -2.7% $50.00 179,471 15 Jul 2021 Direct F1

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 Employee Stock Option (Right to Buy) Other $0 -570,248 -100% $0.000000* 0 12 Jul 2021 Class B Common Stock 570,248 $2.36 Direct F2, F3, F4
transaction FSLY Employee Stock Option (Right to Buy) Other $0 +570,248 $0.000000 570,248 12 Jul 2021 Class A Common Stock 570,248 $2.36 Direct F2, F3, F4
transaction FSLY Employee Stock Option (Right to Buy) Options Exercise $0 -5,000 -0.88% $0.000000 565,248 15 Jul 2021 Class A Common Stock 5,000 $2.36 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 On October 12, 2020, the Issuer's outstanding shares of Class B Common Stock represented less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock. As a result, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Issuer's amended and restated certificate of incorporation, as amended on July 12, 2021.
F3 In connection with the automatic conversion described in footnote (2), outstanding Class B Common Stock options that were issued under the Issuer's 2011 Equity Incentive Plan remain unchanged, except that the underlying shares are now Class A Common Stock.
F4 The stock option vested and became exercisable as to 25% of the shares subject to the option on May 16, 2017, and thereafter vested as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the reporting person on each vesting date.