Fastly (FSLY) CTO Artur Bergman Sells $11.45M in Shares

What Happened
Artur Bergman, Fastly’s Chief Technology Officer and a director, sold a total of 379,602 shares in open-market transactions on September 23, 2026, for aggregate proceeds of approximately $11,447,909. The filing lists four dispositions: 7,600 shares at a weighted avg $28.04 ($213,104); 24,300 shares at $29.17 ($708,831); 262,185 shares at $30.15 ($7,904,878); and 85,517 shares at $30.65 ($2,621,096). These were sales (not purchases) and are commonly viewed as routine liquidity rather than an explicit buy/sell signal.

Key Details

• Transaction date: September 23, 2026; Form 4 filed September 25, 2026 (reports the Sep 23 trades).
• Reported prices (weighted averages per lot): $28.04, $29.17, $30.15, $30.65. The underlying trades occurred across price ranges of $27.50–31.25 (see footnotes for ranges by lot).
• Total shares sold: 379,602; total proceeds: ~$11.45 million.
• Shares owned after transaction: Not specified in the provided filing data.
• Notable footnotes: the sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 4, 2026; several lots represent shares held in trusts of which Bergman is trustee or investment advisor (detailed trust footnotes). The filer offers to provide a per-price breakdown on request per the filing footnotes.
• Filing timeliness: Form filed two days after the trades (Sep 25 reporting Sep 23 transactions); no late-filing flag indicated in the information provided.

Context
A Rule 10b5-1 trading plan indicates these sales were preplanned and executed according to that plan, which commonly helps insiders avoid accusations of trading on nonpublic information. Sales funded by or held in trusts are administrative in nature—such transactions are frequent and don't necessarily signal a change in insider sentiment. For retail investors, purchases by insiders tend to be more informative about confidence; reported sales are useful to monitor but should be interpreted alongside company fundamentals and other insider activity.