Fastly (FSLY) Form 4: Bergman Disposes 20,000 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Fastly, Inc. (FSLY) insider sale by CTO/Director Artur Bergman: The filing reports that Artur Bergman, Fastly's Chief Technology Officer and a director, sold 20,000 shares of Class A common stock on 09/08/2025 at a weighted average price of $7.45 per share pursuant to a Rule 10b5-1 trading plan adopted June 3, 2025. After the sale, he directly owned 3,501,276 shares and held additional indirect beneficial ownership across multiple trusts totaling several separate holdings described in the footnotes. The Form 4 was signed by an attorney-in-fact on 09/10/2025.
Positive
- Transaction executed under a Rule 10b5-1 trading plan, indicating the sale was pre-planned and not opportunistic
- Comprehensive disclosure of indirect holdings with footnotes identifying trusts and the reporting person's roles (settlor, trustee, investment advisor)
Negative
- Officer disposed of 20,000 Class A shares, reducing direct ownership from prior levels
- Sale price reflects market activity (weighted average $7.45), which may be below prior public highs (no prior price context provided in filing)
Insights
TL;DR: Officer sold a small portion of large holdings under a pre-established 10b5-1 plan; transaction appears routine and disclosed.
The reported sale of 20,000 Class A shares at a weighted average price of $7.45 was executed under a Rule 10b5-1 trading plan adopted June 3, 2025. Given the reporting person retains direct ownership of 3,501,276 shares and additional indirect holdings across multiple trusts, this disposal represents a modest reduction relative to total beneficial ownership disclosed. The use of a 10b5-1 plan indicates the transaction was pre-planned, which typically mitigates concerns about opportunistic timing. Disclosure is complete with footnotes identifying the entities holding indirect positions.
TL;DR: Disclosure aligns with Section 16 requirements; footnotes clearly describe indirect holdings and fiduciary roles.
The Form 4 lists Bergman as settlor, trustee, or investment advisor for the trusts that hold additional Class A shares, and the filing includes explanatory footnotes for each indirect holding. The filing also indicates an attorney-in-fact signed the document, a common execution method. The presence of a 10b5-1 plan and explicit footnote descriptions support governance transparency. No amendments or additional derivative transactions are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,000 | $7.45 | $149K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.30 to $7.53. 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 range set forth in footnote (2) to this Form 4. The shares are held by The Per Artur Bergman Revocable Trust, of which the reporting person is settlor, sole trustee, and sole beneficiary. The shares are held by The Artur Bergman Remainder Trust One DTD 5/2/2019, of which the reporting person is the investment advisor. The shares are held by The Artur Bergman Remainder Trust Three DTD 5/2/2019, of which the reporting person is the investment advisor. The shares are held by The Per Artur Bergman Grantor Retained Annuity Trust No. 3, of which the reporting person is trustee. The shares are held by The Per Artur Bergman Grantor Retained Annuity Trust No. 4, of which the reporting person is trustee. The shares are held by The PAB 2021 Remainder Trust, of which the reporting person is the investment advisor.
