Fastly (FSLY) CTO Artur Bergman Sells 77,046 Shares

What Happened

• Artur Bergman, Fastly’s Chief Technology Officer and a director, sold a total of 77,046 shares in open-market transactions on Sept 21–22, 2026 for aggregate proceeds of approximately $2,121,949.
  • 2026-09-21: 2,400 shares at a weighted avg price of $25.32 — $60,768
  • 2026-09-21: 1,100 shares at a weighted avg price of $26.62 — $29,282
  • 2026-09-21: 45,646 shares at a weighted avg price of $27.51 — $1,255,721
  • 2026-09-22: 27,900 shares at a weighted avg price of $27.82 — $776,178
• These were sales (not purchases), which are often routine dispositions rather than an affirmative bullish signal.

Key Details

• Transaction dates: Sept 21, 2026 (three sales) and Sept 22, 2026 (one sale).
• Reported proceeds: about $2.12 million total.
• Price details: the filing reports weighted-average prices; transaction-level ranges noted in footnotes:
  • First lot range: $25.00–$25.71 (weighted avg $25.32)
  • Second lot range: $26.03–$26.98 (weighted avg $26.62)
  • Third lot range: $27.04–$27.99 (weighted avg $27.51)
  • Fourth lot range: $27.50–$28.46 (weighted avg $27.82)
• Plan/authorization: Footnote indicates the sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by Bergman on June 4, 2026.
• Holdings/vehicles: Several footnotes show the shares were held in trusts (e.g., Per Artur Bergman Grantor Retained Annuity Trust Nos. 4 & 5, revocable trust, and multiple remainder trusts) for which Bergman is trustee, settlor, or investment advisor.
• Shares owned after the transactions: not specified in the supplied filing details.
• Filing timeliness: Form 4 was filed Sept 23, 2026 for trades on Sept 21–22; this filing appears timely under typical Form 4 rules.

Context

• Sales made under a Rule 10b5‑1 plan are pre‑scheduled trading arrangements that allow insiders to sell shares without needing to time the market; such sales are common and not, by themselves, definitive signals about the insider’s view of the company.
• For retail investors, purchases by insiders tend to carry more informational weight than routine sales; this filing documents routine dispositions totaling ~$2.12M.