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, disposed of a total of 1,929 shares of Fastly common stock in two open-market transactions: 852 shares on 2026-05-27 at $17.50 (≈ $14,910) and 1,077 shares on 2026-05-28 at $17.02 (≈ $18,331), for aggregate proceeds of roughly $33,241. The filing indicates these sales were made to satisfy tax obligations tied to the vesting of previously granted restricted stock units.
Key Details
- Transaction dates and prices: 2026-05-27 — 852 shares @ $17.50; 2026-05-28 — 1,077 shares @ $17.02. Combined = 1,929 shares, ≈ $33,241.
- One sale was effected pursuant to a Rule 10b5-1 trading plan (prearranged plan adopted June 3, 2025); another sale was to satisfy tax withholding on RSU vesting.
- One 1,077-share disposition involved a contribution to a revocable trust that changed the form of beneficial ownership from direct to indirect.
- Several footnotes show shares are held in various trusts of which Bergman is trustee/settlor or investment advisor.
- Shares owned after the transactions are not specified in the provided summary.
- Filing: Reported period begins 2026-05-27 and the Form 4 was filed on 2026-05-29 — appears timely (not marked late).
Context
Sales to cover tax withholding on vested RSUs are common and usually routine (not a direct buy/sell signal about company prospects). A Rule 10b5-1 plan indicates at least part of the selling was preplanned. For retail investors, purchases by insiders tend to be more informative than routine tax or plan-driven sales; these transactions should be viewed in that context.