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

Reporting relationship: Chief Financial Officer
Issuer ticker: FSLY
Reported as of: 15 Jul 2021
Net transaction value: -$250,000
SEC form: 4
Accepted by SEC: 19 Jul 2021, 18:07:08 UTC
Prior SEC filing: 20 May 2021
Next SEC filing: 08 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Seth Gottlieb, Attorney-in-Fact

Key filing fact

Adriel G. Lares filed Form 4 for Fastly, Inc. (FSLY) on 19 Jul 2021.

Key facts

This page summarizes Adriel G. Lares's Form 4 filing for Fastly, Inc. (FSLY).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 19 Jul 2021, 18:07.

Change

Previous filing in this sequence was filed on 20 May 2021.
Current net transaction value: -$250,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FSLY transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +5,000
Change %: +2.8%
Price: $0.000000
Shares after: 184,471
Date: 15 Jul 2021
Ownership: Direct

FSLY transaction

Class A Common Stock

Sale

Transaction value: $250,000
Shares: -5,000
Change %: -2.7%
Price: $50.00
Shares after: 179,471
Date: 15 Jul 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FSLY transaction Derivative

Employee Stock Option (Right to Buy)

Other

Transaction value: $0
Shares: -570,248
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 12 Jul 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 570,248
Exercise price: $2.36
Footnotes: F2, F3, F4

FSLY transaction Derivative

Employee Stock Option (Right to Buy)

Other

Transaction value: $0
Shares: +570,248
Change %
Price: $0.000000
Shares after: 570,248
Date: 12 Jul 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 570,248
Exercise price: $2.36
Footnotes: F2, F3, F4

FSLY transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -5,000
Change %: -0.88%
Price: $0.000000
Shares after: 565,248
Date: 15 Jul 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,000
Exercise price: $2.36
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

Footnote 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.

Footnote 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.

Footnote 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.