Luongo Paul 4
4 · Fastly, Inc. · Filed Jul 12, 2021
Insider Transaction Report
Form 4
Fastly, Inc.FSLY
Luongo Paul
General Counsel
Transactions
- Conversion
Class A Common Stock
2021-07-12+292,130→ 541,391 total - Other
Employee Stock Option (Right to Buy)
2021-07-12−43,743→ 0 totalExercise: $7.50Exp: 2028-12-19→ Class B Common Stock (43,743 underlying) - Other
Employee Stock Option (Right to Buy)
2021-07-12+43,743→ 43,473 totalExercise: $7.50Exp: 2028-12-19→ Class A Common Stock (43,743 underlying) - Conversion
Class B Common Stock
2021-07-12−292,130→ 0 total→ Class A Common Stock (292,130 underlying)
Footnotes (3)
- [F1]On October 12, 2020, the Issuer's outstanding shares of Class B Common Stock represented less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock. As a result, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Issuer's amended and restated certificate of incorporation, as amended, on July 12, 2021.
- [F2]In connection with the automatic conversion described in footnote (1), outstanding Class B Common Stock options that were issued under the Issuer's 2011 Equity Incentive Plan remain unchanged, except that the underlying shares are now Class A Common Stock.
- [F3]1/48th of the stock option vested and became exercisable on January 19, 2019, and thereafter vested as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.