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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,000 | $8.76 | $175K |
| 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 $8.56 to $9.04. 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.
