Fastly (FSLY) CTO Artur Bergman Sells Shares

What Happened

• Artur Bergman, Fastly’s Chief Technology Officer and a director, disposed of a total of 64,074 Fastly shares in open‑market sales on August 18–19, 2026 for aggregate proceeds of about $1,709,609.
  • 8/18/2026: 32,387 shares at $28.60 each — $926,268 (weighted-average reported)
  • 8/19/2026: 11,088 shares at $23.94 each — $265,447
  • 8/19/2026: 16,435 shares at $24.98 each — $410,546
  • 8/19/2026: 4,164 shares at $25.78 each — $107,348
• These were sales (not purchases) and the filing indicates the transactions were largely to satisfy tax withholding obligations in connection with the vesting of previously granted restricted stock units (RSUs).

Key Details

• Dates & prices: Aug 18–19, 2026; individual trades and proceeds listed above. Some reported prices are weighted averages reflecting multiple executions across small price ranges.
• Total shares sold: 64,074; total proceeds: ≈ $1.71 million.
• Reason given: Shares sold to satisfy tax obligations on vested RSUs (tax‑withholding sale).
• Trading plan / other notes: The filing indicates at least one sale was effected pursuant to a Rule 10b5‑1 trading plan. Several holdings involved trusts of which Mr. Bergman is trustee or investment advisor.
• Shares owned after transaction: Not specified in the summary provided.
• Filing timeliness: Reported on Aug 20, 2026 for transactions on Aug 18–19, 2026 — appears timely (Form 4 typically must be filed within two business days).

Context

• Sales to cover tax on vested RSUs are common and generally considered routine rather than a direct signal about the insider’s view of the stock. Purchases typically carry more weight for interpreting insider confidence.
• Several footnotes reference trusts and role (settlor/trustee/investment advisor) for holdings; these describe the form of beneficial ownership rather than new transfers of economic interest.