Artur Bergman - Nov 2, 2023 Form 4 Insider Report for Fastly, Inc. (FSLY)

Role
Chief Architect, Director
Signature
/s/ Karen Greenstein, Attorney-in-Fact
Stock symbol
FSLY
Transactions as of
Nov 2, 2023
Transactions value $
-$293,122
Form type
4
Date filed
11/6/2023, 09:09 PM
Previous filing
Oct 26, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSLY Class A Common Stock Award $0 +301K +4.93% $0.00 6.41M Nov 2, 2023 Direct F1
transaction FSLY Class A Common Stock Sale -$290K -17.3K -0.27% $16.74 6.39M Nov 2, 2023 Direct F2, F3
transaction FSLY Class A Common Stock Sale -$3.52K -200 0% $17.60 6.39M Nov 2, 2023 Direct F2, F4
holding FSLY Class A Common Stock 840K Nov 2, 2023 See Footnote F5
holding FSLY Class A Common Stock 210K Nov 2, 2023 See Footnote F6
holding FSLY Class A Common Stock 1M Nov 2, 2023 See Footnote 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 Employee Stock Option (Right to Buy) Options Exercise $0 +602K $0.00* 0 Nov 2, 2023 Class A Common Stock 602K $16.47 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs are initially subject to vesting. One-sixteenth (6.25%) of the total RSUs will vest on February 15, 2024 and the remainder will vest in fifteen equal quarterly installments (May, August, November and February) of one-sixteenth thereafter (6.25% of the total RSUs will vest per quarter), in each case subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 6, 2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.36 to $17.30. 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) and (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 $17.59 to $17.60, inclusive.
F5 The shares are held by The Artur Bergman Remainder Trust One DTD 5/2/2019, of which the reporting person is the investment advisor.
F6 The shares are held by The Artur Bergman Remainder Trust Three DTD 5/2/2019, of which the reporting person is the investment advisor.
F7 The shares are held by The Per Artur Bergman Grantor Retained Annuity Trust No. 2, of which the reporting person is trustee.
F8 100% of the shares subject to the stock option are initially subject to vesting. One-sixteenth (6.25%) of the shares subject to the stock option shall vest on November 15, 2023, and the remainder will vest in 15 equal quarterly installments (February, May, August and November) of one-sixteenth thereafter (6.25% will vest per quarter), in each case subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.