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Learn moreArtur Bergman, Chief Technology Officer at Fastly, Inc. (NASDAQ:FSLY), reported a sale of 33,579 shares of Class A Common Stock on September 14 and September 15, 2026, according to a recent SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($24.57); post-transaction value based on September 15, 2026 market close ($24.30).
Key questions
What was the primary driver of this transaction?
The sale was non-discretionary in its timing, having been established through a Rule 10b5-1 trading plan several months prior to execution. This mechanism allows insiders to set a predetermined schedule for selling stock to avoid concerns regarding trading on material non-public information.How does this impact the executive's total exposure to the company?
The Chief Technology Officer maintains a substantial equity position, retaining more than 5.4 million shares across direct and indirect accounts. The sale of 33,579 shares resulted in a less than 1% change in total beneficial ownership.What is the nature of the indirect holdings?
The shares are distributed across several trusts for which the insider serves as either a trustee, settlor, or investment advisor. These include The Per Artur Bergman Revocable Trust, two Artur Bergman Remainder Trusts, the PAB 2021 Remainder Trust, and two Per Artur Bergman Grantor Retained Annuity Trusts.How has the stock performed leading up to this filing?
Shares were priced at $24.30 as of the September 15, 2026 market close. The company has seen a one-year return of 177% as of the transaction date, reflecting significant price appreciation over the trailing 12-month period.
Company Overview
Company Snapshot
Fastly provides an advanced edge cloud computing platform that enables developers to build, secure, and deliver digital experiences at the internet's edge, with primary revenue generated through Infrastructure as a Service (IaaS) offerings across North America, Asia Pacific, Europe, and international markets.
The company operates a subscription-based business model where customers pay for access to its customizable edge cloud platform, which manages, distributes, and safeguards applications and content delivery across a globally distributed network of edge computing nodes.
Fastly serves a diverse customer base including web and application developers, digital content providers, and enterprises requiring high-performance content delivery and edge computing capabilities to optimize user experiences globally.