Bergman Artur 4
Research Summary
AI-generated summary
Fastly (FSLY) CTO Artur Bergman Sells 869 Shares
What Happened
Artur Bergman, Fastly's Chief Technology Officer and director, sold 869 shares of Fastly common stock in an open-market transaction on 2026-02-27 for a weighted average price of $17.50, generating proceeds of approximately $15,208. The sale was made to satisfy tax obligations related to the vesting of previously granted restricted stock units (RSUs).
Key Details
- Transaction date: 2026-02-27 (reported on Form 4 filed 2026-03-02). The filing date is within the standard two-business-day reporting window.
- Transaction type: Sale (S) — shares sold to cover tax withholding on vested RSUs (footnote F1).
- Price: Weighted average $17.50; shares sold in multiple trades at prices ranging $17.50–$17.51 (footnote F2).
- Proceeds: ~$15,208 (869 shares × ~$17.50).
- Shares owned after transaction: Not specified in the provided filing details.
- Ownership notes: Remaining shares are reported as held in several trusts for which Bergman serves as settlor, trustee, or investment advisor (footnotes F3–F8).
- Footnote availability: The reporting person can provide a breakdown of how many shares were sold at each price in the $17.50–$17.51 range upon request (F2).
Context
This was a routine tax-withholding sale tied to RSU vesting rather than a discretionary market-timing sale; such transactions are common when insiders satisfy tax obligations on equity awards and do not necessarily signal a change in insider sentiment.