Bergman Artur 4
Research Summary
AI-generated summary
Fastly (FSLY) CTO Artur Bergman Sells Shares
What Happened
Artur Bergman, Fastly’s Chief Technology Officer and a director, sold a total of 305,000 Fastly shares in open‑market transactions on March 9–10, 2026 for aggregate proceeds of roughly $6.88 million. The sales comprised 6,956 shares at a weighted average ~$20.16 ($140,233), 25,554 shares at a weighted average ~$21.13 ($539,956), 7,490 shares at a weighted average ~$21.73 ($162,758), and a larger block of 265,000 shares at a weighted average ~$22.79 ($6,039,350). These were outright sales (S), not purchases or option exercises.
Key Details
- Transaction dates: Mar 9, 2026 (multiple small blocks) and Mar 10, 2026 (265,000 shares).
- Total shares sold: 305,000; total proceeds: approx. $6,882,297.
- Prices: reported as weighted averages; component executions in the filing range roughly $19.53 to $23.12.
- Plan/authorization: the filing notes some sales were effected under a Rule 10b5‑1 trading plan adopted June 3, 2025.
- Holdings after transaction: not specified in the provided excerpt — see the full Form 4 for post‑transaction beneficial ownership.
- Filing timeliness: filed March 11, 2026 for transactions on Mar 9–10, 2026 (appears timely).
Context: These were sales (often routine) and at least part were executed under a pre‑arranged 10b5‑1 plan, which typically indicates scheduled dispositions rather than opportunistic trades. The filing also references multiple trusts holding shares for which Bergman serves as trustee, settlor, or investment advisor; consult the full Form 4 for detailed ownership and trust information.