FSLY Form 4: Artur Bergman transfers 20,000 shares to revocable trust at $8.70
Rhea-AI Filing Summary
Fastly, Inc. (FSLY) insider sale and holdings summary: Artur Bergman reported a sale on 09/22/2025 under a Rule 10b5-1 trading plan in which 20,000 shares of Class A common stock were sold at a weighted average price of $8.70. The sale moved those 20,000 shares from direct ownership into an indirect holding (the Per Artur Bergman Revocable Trust). After the reported transaction, Mr. Bergman directly beneficially owned 3,461,276 shares. Additional indirect holdings are reported across several trusts totaling multiple separate share blocks, including 2,500,558; 840,005; 109,686; 50,481; 792,998; and 156,521 shares respectively. The filing was signed by an attorney-in-fact on behalf of Mr. Bergman on 09/24/2025.
Positive
- Sale executed under a Rule 10b5-1 plan, which provides pre-clearance and reduces potential for insider timing concerns
- Clear disclosure of trust arrangements and roles (settlor, trustee, investment advisor), improving transparency
- Significant retained ownership remains, with 3,461,276 shares directly owned after the transaction and additional indirect holdings
Negative
- Reported sale of 20,000 shares reduced direct holding (though the shares transferred into a trust rather than fully exiting insider-related holdings)
Insights
TL;DR: A routine Rule 10b5-1 sale of 20,000 shares occurred; reporting shows sizable remaining direct and indirect ownership.
The 20,000-share disposition reported at a weighted average price of $8.70 was executed pursuant to a pre-established Rule 10b5-1 plan adopted June 3, 2025, which generally reduces insider timing concerns. The transaction converted direct shares into trust-held indirect ownership rather than an outright market reduction of family economic exposure. Direct beneficial ownership after the transaction remains material at 3,461,276 shares, with several additional trust-held blocks disclosed. From an analytical perspective, this filing is routine and not, by itself, materially informative about company fundamentals.
TL;DR: The disclosure follows standard governance practices; use of trustee arrangements and a 10b5-1 plan is clearly documented.
The Form 4 details the reporting person’s multiple trust arrangements and explicitly states roles (settlor, trustee, investment advisor). The existence of a dated 10b5-1 plan and footnoted trust structures improves transparency for shareholders and regulators. The report is properly signed by an attorney-in-fact and includes explanatory footnotes describing the nature of indirect holdings. This is a compliant, well-documented insider disclosure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,000 | $8.70 | $174K |
| 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 shares were sold by the Per Artur Bergman Revocable Trust, to which the reporting person contributed 20,000 shares of common stock of the Issuer in a transaction that resulted in a change in the form of beneficial ownership from direct to indirect. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.43 to $8.78. 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 (3) 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.
