Fastly director receives 9,601-share RSU grant
Hornik David reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hornik David reported acquisition or exercise transactions in this Form 4 filing.
Fastly, Inc. director David Hornik received an equity grant in the form of restricted stock units tied to the company’s Class A common stock. The award covers 9,601 RSUs, each representing one share, with no cash paid per share for the grant.
The RSUs vest quarterly over one year from the grant date and will be fully vested on the earlier of the next annual stockholder meeting (or just before it if his board service ends then) or the one-year anniversary, subject to his continued service as a director. After this grant, he directly holds 269,431 shares of Fastly Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,601 | $0.00 | $0.00 |
Footnotes (1)
- F1. The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest quarterly over one year following the date of grant and will be fully vested on the earlier of the date of the next annual meeting of the Issuer's stockholders (or the date immediately prior to the next annual meeting of the Issuer's stockholders if the reporting person's service as a director ends at such meeting due to the failure to be re-elected or not standing for re-election) and the one year anniversary measured from the date of grant, each subject to continued service as a director of the Issuer through each applicable vesting date.
Key Figures
Key Terms
restricted stock units (RSUs) financial
Class A Common Stock financial
vesting financial
annual meeting of the Issuer's stockholders financial
FAQ
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What did Fastly (FSLY) director David Hornik report in this Form 4?
How do David Hornik’s Fastly (FSLY) RSUs vest?
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Is David Hornik’s Fastly (FSLY) Form 4 transaction a market purchase or sale?
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