Artur Bergman moves 20,000 FSLY shares to revocable trust; sale at $8.76
Rhea-AI Filing Summary
The filing shows Artur Bergman, CTO and director of Fastly, Inc. (FSLY), reported a transaction under a Rule 10b5-1 plan. On 10/06/2025 the reporting person caused 20,000 Class A shares to be sold at a weighted average price of $8.76, with trade prices ranging from $8.56 to $9.04. The 20,000 shares were transferred into The Per Artur Bergman Revocable Trust, changing their form of ownership from direct to indirect. After the transaction, Mr. Bergman directly beneficially owns 3,421,276 Class A shares and indirectly holds additional Class A shares across multiple trusts totaling several separate positions (largest indirect stake shown is 2,500,558 shares).
Positive
- Transaction adopted under Rule 10b5-1 trading plan (adopted 06/03/2025) which clarifies intent
- Small sale size relative to total direct holdings: 20,000 shares vs 3,421,276 direct shares
Negative
- Gross proceeds per share were modest at a weighted average of $8.76, which may reflect recent market pricing
- Change from direct to indirect ownership for 20,000 shares could complicate immediate transparency of control
Insights
Insider executed a planned sale and shifted 20,000 shares into a revocable trust.
The reported sale was executed under a Rule 10b5-1 trading plan adopted on 06/03/2025, which provides an affirmative defense for scheduled insider trades. The sale involved 20,000 Class A shares at a weighted average of $8.76, with execution prices between $8.56 and $9.04.
The transaction also converted those shares from direct ownership to indirect ownership by moving them into The Per Artur Bergman Revocable Trust, where the reporting person is settlor, sole trustee, and sole beneficiary. Monitor scheduled plan disclosures and any future Form 4s for additional trades under the same plan over the next several months.
FAQ
What did Fastly (FSLY) insider Artur Bergman sell on 10/06/2025?
Was the 10/06/2025 sale by Artur Bergman planned under a trading plan?
How many Class A shares does Artur Bergman directly own after the reported transaction?
Did the form of ownership change for the sold shares?
What indirect holdings are disclosed for Artur Bergman?