Fastly (NYSE: FSLY) CTO Artur Bergman sells 64K shares in planned trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fastly, Inc.’s Chief Technology Officer Artur Bergman reported open-market sales totaling 64,029 shares of Class A Common Stock in mid‑May 2026. One block of 31,848 shares sold at a weighted-average price of $16.41 per share, and another 32,181 shares sold at a weighted-average price of $16.85 per share.
According to the footnotes, part of the shares were sold to satisfy tax obligations related to vesting Restricted Stock Units, and one sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 3, 2025. After these transactions, Bergman holds 2,054,681 shares directly, plus additional indirect holdings through several trusts, including revocable and grantor retained annuity trusts.
Positive
- None.
Negative
- None.
Insights
CTO Bergman’s May 2026 Fastly share sales look routine and planned.
Artur Bergman, Fastly’s CTO, reported selling 64,029 Class A shares at weighted-average prices of $16.41 and $16.85. Footnotes state that some shares were sold to cover tax obligations from vesting Restricted Stock Units, which is a common, mechanistic event.
One sale was carried out under a Rule 10b5-1 trading plan adopted on June 3, 2025, indicating the trades were pre-scheduled rather than opportunistic. Bergman still owns 2,054,681 shares directly, along with substantial indirect trust holdings, so the disposals represent a small portion of his overall exposure.
Insider Trade Summary 10b5-1
Net Seller: 64,029 shares ($1,064,876)
Net Sell
8 txns
Insider
Bergman Artur
Role
Chief Technology Officer
Sold
64,029 shs ($1.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 31,848 | $16.41 | $523K |
| Sale | Class A Common Stock | 32,181 | $16.85 | $542K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,054,681 shares (Direct, null);
Class A Common Stock — 1,604,901 shares (Indirect, See Foonote)
Footnotes (1)
- Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.67 to $16.85, inclusive. 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 ranges set forth in footnotes (2) and (5) to this Form 4. 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 31,848 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 $16.20 to $16.86, inclusive. 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 PAB 2021 Remainder Trust, of which the reporting person is the investment advisor. 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 Per Artur Bergman Grantor Retained Annuity Trust No. 5, of which the reporting person is trustee.
Key Figures
Shares sold 5/19/2026: 31,848 shares at $16.41/share
Shares sold 5/18/2026: 32,181 shares at $16.85/share
Total shares sold: 64,029 shares
+3 more
6 metrics
Shares sold 5/19/2026
31,848 shares at $16.41/share
Open-market sale of Class A Common Stock
Shares sold 5/18/2026
32,181 shares at $16.85/share
Open-market sale of Class A Common Stock
Total shares sold
64,029 shares
Net reported sales in May 2026
Direct holdings after sales
2,054,681 shares
Post-transaction direct ownership of Class A stock
Largest indirect trust holding
1,604,901 shares
Holding entry dated May 18, 2026
Smallest indirect trust holding
109,686 shares
Holding entry dated May 18, 2026
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units, weighted average price, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.67 to $16.85, inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Grantor Retained Annuity Trust financial
"The shares are held by The Per Artur Bergman Grantor Retained Annuity Trust No. 4, of which the reporting person is trustee."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Revocable Trust financial
"The shares are held by The Per Artur Bergman Revocable Trust, of which the reporting person is settlor, sole trustee, and sole beneficiary."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
Were Artur Bergman’s May 2026 Fastly (FSLY) trades under a Rule 10b5-1 plan?
One of Bergman’s May 2026 Fastly share sales was executed under a Rule 10b5-1 trading plan adopted on June 3, 2025. Such plans pre-schedule trades, indicating the timing was set in advance rather than decided spontaneously.