[Form 4] Fastly, Inc. Insider Trading Activity
Artur Bergman, Fastly (FSLY) director and Chief Technology Officer, reported a small sale and substantial remaining holdings. On 08/27/2025 he sold 849 shares of Class A common stock at $7.30 per share to satisfy tax obligations related to the vesting of previously granted restricted stock units. After the reported sale he directly beneficially owned 3,579,414 shares and also held additional Class A shares indirectly through several trusts, including 2,500,558; 840,005; 109,686; 50,481; 792,998; and 156,521 shares, as detailed in the filing. The Form 4 was executed by an attorney-in-fact on 08/29/2025.
- Substantial retained ownership: Reporting person directly holds 3,579,414 Class A shares after the transaction
- Additional significant indirect holdings: Multiple trusts hold sizeable Class A positions totaling several million shares (listed as 2,500,558; 840,005; 109,686; 50,481; 792,998; 156,521)
- Sale was tax-related: The disposition of 849 shares was executed to satisfy tax obligations tied to RSU vesting, indicating a non-discretionary administrative sale
- None.
Insights
TL;DR: Insider sold a nominal number of shares to cover taxes; retains large ownership via direct and trust holdings.
The filing shows a routine disposition of 849 shares at $7.30 to satisfy tax withholding on vested RSUs, a common non-economic transfer that typically does not change control or signal a material shift in insider alignment. The reporting person still directly owns 3,579,414 shares and significant indirect stakes across multiple trusts, indicating continued substantial economic exposure to Fastly's equity.
TL;DR: Transaction appears administrative; governance interest remains concentrated through trusts and direct ownership.
The reported sale is documented as tax-related and modest in size. The filing lists multiple trust vehicles (revocable trust, remainder trusts, GRATs) that hold sizeable indirect positions, with the reporting person acting as settlor, trustee, or investment advisor in those entities. That structure preserves long-term alignment while centralizing voting/beneficial interests.