FSLY Insider Sale Notice: 220K Shares via Morgan Stanley on Sept 8, 2025

Rhea-AI Filing Summary

Fastly, Inc. (FSLY) Form 144 notice: A holder proposes to sell 220,000 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $1,634,600 and an approximate sale date of 09/08/2025 on the NYSE. The shares were acquired as founders' shares on 03/10/2011.

The filing lists recent 10b5-1 and other sales by Per Artur Bergman and related trusts totaling multiple transactions in August–September 2025 (largest single prior sale: 40,000 shares on 09/02/2025). The proposed 220,000-share sale represents about 0.15% of the 147,400,000 shares outstanding reported in the form. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 trading plans.

Positive

• Transparent disclosure of a proposed sale with broker and aggregate market value specified
• Use of Rule 10b5-1 trading plans for previous transactions, indicating pre-planned sales rather than opportunistic trades
• Filer certified that no material nonpublic information is known at the time of filing

Negative

• Insider selling activity disclosed: proposed sale of 220,000 shares (aggregate $1.63M) which may be viewed negatively by some investors
• Multiple recent dispositions by the same beneficial owner in Aug–Sep 2025, showing ongoing liquidity extraction

Insights

Financial Analyst

TL;DR: Insider selling disclosed via Form 144; not large relative to outstanding shares.

The filing notifies a proposed sale of 220,000 shares valued at $1.63M to occur on 09/08/2025 and documents recent 10b5-1 sales by the same beneficial owner. The amount represents roughly 0.15% of reported outstanding shares, so on a standalone basis this is unlikely to materially affect market capitalization. The consistent use of 10b5-1 plans signals pre-arranged liquidity rather than opportunistic trading tied to undisclosed information.

Corporate Governance Expert

TL;DR: Form 144 shows compliance with disclosure rules and prior 10b5-1 sales, reducing governance concerns.

The notice indicates the seller relied on documented procedures (10b5-1) and has reported multiple recent sales, including trust-related transactions. The filing includes the statutory representation about knowledge of material nonpublic information. From a governance perspective, timely filing and broker identification (Morgan Stanley Smith Barney) demonstrate procedural compliance; no governance red flags are disclosed in this document.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	220000	1634600.00	147400000	09/08/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/10/2011	Founders Shares	Issuer			220000	03/10/2011	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for THE PER ARTUR BERGMAN REVOCABLE TRUST 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	09/02/2025	40000	296574.00
10b5-1 Sales for THE PER ARTUR BERGMAN REVOCABLE TRUST 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	09/02/2025	18138	134488.24
PER ARTUR BERGMAN 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	08/27/2025	849	6197.70
10b5-1 Sales Plan for PER ARTUR BERGMAN 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	08/19/2025	19353	141838.14
PER ARTUR BERGMAN 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	08/18/2025	26418	181755.84

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Fastly's (FSLY) Form 144 report?

The form reports a proposed sale of 220,000 common shares valued at $1,634,600, intended to be sold on 09/08/2025 through Morgan Stanley Smith Barney on the NYSE.

Who is the seller named in the filing for FSLY?

The filing references transactions by Per Artur Bergman and related trusts (e.g., THE PER ARTUR BERGMAN REVOCABLE TRUST) as sellers in recent 10b5-1 and other sales.

How large is the proposed sale relative to Fastly's outstanding shares?

The proposed 220,000-share sale represents approximately 0.15% of the 147,400,000 shares reported outstanding in the form.

Were there recent sales by the same parties?

Yes. The filing lists multiple sales in Aug–Sep 2025, including 40,000 and 19,353 share 10b5-1 sales on 09/02/2025 and 08/19/2025 respectively, among others.

Did the filer assert absence of material nonpublic information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that is not publicly disclosed.