Filing Details

Accession Number:
0000904454-21-000122
Form Type:
13G Filing
Publication Date:
2021-02-04 16:41:13
Filed By:
Abdiel Qualified Master Fund Lp
Company:
Fastly Inc. (NYSE:FSLY)
Filing Date:
2021-02-04
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Abdiel Qualified Master Fund 0 9,046,977 0 9,046,977 8.8%
Abdiel Capital 0 258,702 0 258,702 0.3%
Abdiel Capital Management 0 9,305,679 0 9,305,679 9.1%
Abdiel Capital Advisors 0 9,305,679 0 9,305,679 9.1%
Colin T. Moran 0 9,305,679 0 9,305,679 9.1%
Filing
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
Under the Securities Exchange Act of 1934
 
(Amendment No. 5)*
Fastly, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
31188V100
(CUSIP Number)
December 31, 2020
Date of Event Which Requires Filing of this Statement

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[   ]  Rule 13d-1(b)
 
[   ]  Rule 13d-1(c)
 
[X]  Rule 13d-1(d)

*  The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).












CUSIP Number:  31188V100


1
Name of Reporting Person:
Abdiel Qualified Master Fund, LP
 
I.R.S. Identification No. of above Person (entities only) (voluntary)
 
 
2
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
 
3
SEC USE ONLY
 
 
4
Citizenship or Place of Organization

Cayman Islands
 

NUMBER OF
5
SOLE VOTING POWER
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
9,046,977*
 
EACH
REPORTING
PERSON
7
SOLE  DISPOSITIVE POWER
0
WITH
8
SHARED DISPOSITIVE POWER
 
9,046,977*
9
AGGREGATE AMOUNT BENEFICIALLY OWNED
 
9,046,977*
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%**
12
TYPE OF REPORTING PERSON
PN
 

* As of December 31, 2020.
** Based on 102,400,000 shares of Class A Common Stock outstanding as of October 31, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 6, 2020.












CUSIP Number:  31188V100


1
Names of Reporting Person:
Abdiel Capital, LP
 
I.R.S. Identification No. of above Person (entities only) (voluntary)
 
 
2
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
 
3
SEC USE ONLY
 
 
4
Citizenship or Place of Organization

Delaware
 

NUMBER OF
5
SOLE VOTING POWER
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
258,702*
 
EACH
REPORTING
PERSON
7
SOLE  DISPOSITIVE POWER
0
WITH
8
SHARED DISPOSITIVE POWER
258,702*
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED
258,702*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.3%**
12
TYPE OF REPORTING PERSON
PN
 

* As of December 31, 2020.
** Based on 102,400,000 shares of Class A Common Stock outstanding as of October 31, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 6, 2020.












CUSIP Number:  31188V100


1
Names of Reporting Person:
Abdiel Capital Management, LLC
 
I.R.S. Identification No. of above Person (entities only) (voluntary)
 
 
2
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
 
3
SEC USE ONLY
 
 
4
Citizenship or Place of Organization

Delaware
 

NUMBER OF
5
SOLE VOTING POWER
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
9,305,679 *
EACH
REPORTING
PERSON
7
SOLE  DISPOSITIVE POWER
0
WITH
8
SHARED DISPOSITIVE POWER
9,305,679 *
9
AGGREGATE AMOUNT BENEFICIALLY OWNED
9,305,679 *
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%**
12
TYPE OF REPORTING PERSON
OO
 

* As of December 31, 2020, and consisting of 9,046,977 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 258,702 shares of Common Stock held by Abdiel Capital, LP.
** Based on 102,400,000 shares of Class A Common Stock outstanding as of October 31, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 6, 2020.












CUSIP Number:  31188V100


1
Names of Reporting Person:
Abdiel Capital Advisors, LP
 
I.R.S. Identification No. of above Person (entities only) (voluntary)
 
 
2
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
 
3
SEC USE ONLY
 
 
4
Citizenship or Place of Organization

Delaware
 

NUMBER OF
5
SOLE VOTING POWER
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
9,305,679 *
EACH
REPORTING
PERSON
7
SOLE  DISPOSITIVE POWER
0
WITH
8
SHARED DISPOSITIVE POWER
9,305,679 *
9
AGGREGATE AMOUNT BENEFICIALLY OWNED
9,305,679 *
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1% **
12
TYPE OF REPORTING PERSON
PN, IA
 

* As of December 31, 2020, and consisting of 9,046,977 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 258,702 shares of Common Stock held by Abdiel Capital, LP.
** Based on 102,400,000 shares of Class A Common Stock outstanding as of October 31, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 6, 2020.












CUSIP Number:  31188V100


1
Names of Reporting Person:
Colin T. Moran
 
I.R.S. Identification No. of above Person (entities only) (voluntary)
 
 
2
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
 
3
SEC USE ONLY
 
 
4
Citizenship or Place of Organization

United States
 

NUMBER OF
5
SOLE VOTING POWER
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
9,305,679 *
EACH
REPORTING
PERSON
7
SOLE  DISPOSITIVE POWER
0
WITH
8
SHARED DISPOSITIVE POWER
9,305,679 *
9
AGGREGATE AMOUNT BENEFICIALLY OWNED
9,305,679 *
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%**
12
TYPE OF REPORTING PERSON
IN
 

* As of December 31, 2020, and consisting of 9,046,977 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 258,702 shares of Common Stock held by Abdiel Capital, LP.
** Based on 102,400,000 shares of Class A Common Stock outstanding as of October 31, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 6, 2020.










CUSIP Number:  31188V100


AMENDMENT NO. 5 TO SCHEDULE 13G

Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Common Stock of the Issuer on November 13, 2019, Amendment No. 1 thereto filed on February 14, 2020, Amendment No. 2 thereto filed on March 2, 2020, Amendment No. 3 thereto filed on March 5, 2020 and Amendment No. 4 thereto filed on March 10, 2020 (as so amended, the “Schedule 13G”).  Terms defined in the Schedule 13G are used herein as so defined.
The following Item of the Schedule 13G is hereby amended and restated as follows:
Item 4
Ownership:
 
(a) through (c):
 
The information requested herein is incorporated by reference to the cover pages to this Amendment No. 5 to Schedule 13G.
 
Abdiel Capital Management, LLC and Abdiel Capital Advisors, LP serve as the general partner and the investment manager, respectively, of Abdiel Qualified Master Fund, LP and Abdiel Capital, LP.  Colin T. Moran serves as managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which serves as the general partner of Abdiel Capital Advisors, LP.  Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.












CUSIP Number:  31188V100


SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  February 4, 2021

 
ABDIEL QUALIFIED MASTER FUND, LP
 
     
 
By:
Abdiel Capital Management, LLC,
its General Partner
 
       
 
By:
/s/ Colin T. Moran
 
   
Colin T. Moran, Managing Member
 
     
     
 
ABDIEL CAPITAL, LP
 
     
 
By:
Abdiel Capital Management, LLC,
its General Partner
 
       
 
By:
/s/ Colin T. Moran
 
   
Colin T. Moran, Managing Member
 
       
       
 
ABDIEL CAPITAL MANAGEMENT, LLC
 
       
 
By:
/s/ Colin T. Moran
 
   
Colin T. Moran, Managing Member
 
     
     
 
ABDIEL CAPITAL ADVISORS, LP
 
     
 
By:
Abdiel Capital Partners, LLC,
its General Partner
 
       
 
By:
/s/ Colin T. Moran
 
   
Colin T. Moran, Managing Member
 
     
     
 
COLIN T. MORAN
 
     
 
By:
/s/ Colin T. Moran
 
   
Colin T. Moran, Individually
 












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