4//SEC Filing
Shirk Brett 4
Accession 0001517413-23-000340
CIK 0001517413other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 5:25 PM ET
Size
10.5 KB
Accession
0001517413-23-000340
Insider Transaction Report
Form 4
Fastly, Inc.FSLY
Shirk Brett
Chief Revenue Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2023-11-15+50,000→ 303,261 total - Exercise/Conversion
Performance rights
2023-11-15−50,000→ 150,000 total→ Class A Common Stock (50,000 underlying) - Sale
Class A Common Stock
2023-11-16$16.24/sh−31,482$511,268→ 271,779 total
Footnotes (6)
- [F1]Reflects the conversion of previously granted performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 50,000 of the 200,000 PRSUs vested based on the achievement of a performance condition (Issuer's Class A Common Stock achieving a sixty-day consecutive trailing average closing price of $17.25 per share).
- [F2]Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units and PRSUs.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.12 to $16.32. 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) to this Form 4.
- [F4]One fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $17.25 per share (with the earliest such vesting date being November 15, 2023, including if the performance condition is satisfied before such date); one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $23.00 per share (with the earliest such vesting date being November 15, 2024, including if the performance condition is satisfied before such date);
- [F5]one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $34.50 per share (with the earliest such vesting date being November 15, 2025, including if the performance condition is satisfied before such date); one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $46.00 per share (with the earliest such vesting date being November 15, 2026, including if the performance condition is satisfied before such date). Any unvested tranche will be forfeited if the applicable market price is not achieved on or before September 6, 2027.
- [F6]Represents the maximum number of shares remaining that may be issued pursuant to the PRSUs.
Documents
Issuer
Fastly, Inc.
CIK 0001517413
Entity typeother
Related Parties
1- filerCIK 0001642259
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 5:25 PM ET
- Size
- 10.5 KB