4//SEC Filing
Luongo Paul 4
Accession 0001517413-21-000052
CIK 0001517413other
Filed
Apr 15, 8:00 PM ET
Accepted
Apr 16, 8:27 PM ET
Size
14.3 KB
Accession
0001517413-21-000052
Insider Transaction Report
Form 4
Fastly, Inc.FSLY
Luongo Paul
General Counsel
Transactions
- Sale
Class A Common Stock
2021-04-14$75.00/sh−6,284$471,300→ 255,115 total - Exercise/Conversion
Class B Common Stock
2021-04-14+2,084→ 294,214 totalExercise: $7.50→ Class A Common Stock (2,084 underlying) - Conversion
Class A Common Stock
2021-04-14+2,084→ 261,399 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2021-04-14−2,084→ 43,743 totalExercise: $7.50Exp: 2028-12-19→ Class B Common Stock (2,084 underlying) - Conversion
Class B Common Stock
2021-04-14−2,084→ 292,130 total→ Class A Common Stock (2,084 underlying)
Footnotes (5)
- [F1]Each share of Class B Common Stock converted automatically into Class A Common Stock upon the election of the Reporting Person.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.02. 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 footnote (3) of this Form 4.
- [F4]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.
- [F5]Each share of Class B Common Stock will convert automatically into Class A Common Stock upon (a) the death of the Reporting Person, or (b) any transfer except certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation. Following the closing of the initial public offering, all outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) the first trading day falling nine months after the date on which the shares of Class B Common Stock represent less than 10% of the aggregate number of outstanding shares of Class A Common Stock and Class B Common Stock, (ii) the date specified by the vote of the holders of Class B Common Stock representing at least a majority of the outstanding shares of Class B Common Stock, or (iii) the first trading day falling ten years after the Effective Time as defined in the Issuer's amended and restated certificate of incorporation.
Documents
Issuer
Fastly, Inc.
CIK 0001517413
Entity typeother
Related Parties
1- filerCIK 0001769489
Filing Metadata
- Form type
- 4
- Filed
- Apr 15, 8:00 PM ET
- Accepted
- Apr 16, 8:27 PM ET
- Size
- 14.3 KB