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Filing Details

Accession Number:: 0001209191-20-011148
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-20 16:48:46
Reporting Period:: 2020-02-18

Accepted Time:: 2020-02-20 16:48:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1517413	Fastly Inc.	FSLY	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1499654	Wolfgang Maasberg	C/O Fastly, Inc. 475 Brannan Street, Suite 300 San Francisco CA 94107	Evp Of Sales	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2020-02-18	50,000	$0.00	119,897	No	4	C	Direct
Class A Common Stock	Disposition	2020-02-18	50,000	$22.62	69,897	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-02-18	25,201	$0.00	95,098	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	A	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Employee Stock Option (Right to Buy)	Disposition	2020-02-18	50,000	$0.00	50,000	$2.36
Class A Common Stock	Class B Common Stock	Acquisiton	2020-02-18	50,000	$0.00	50,000	$2.36
Class A Common Stock	Class B Common Stock	Disposition	2020-02-18	50,000	$0.00	50,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
352,598	2026-05-03	No	4	M	Direct
50,000		No	4	M	Direct
0		No	4	C	Direct

Footnotes

Each share of Class B Common Stock converted automatically into Class A Common Stock upon the election of the reporting person.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.36 to $23.30, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range.
The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs will vest as to 50% of the total RSUs on August 15, 2020, and thereafter as to 25% of the RSUs on November 15, 2020 and February 15, 2021, in each case subject to the Reporting Person's continued service with the Company through each applicable vesting date.
The stock option vested and became exercisable as to 25% of the shares subject to the option on April 11, 2017, and thereafter vested as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the reporting person on each vesting date.
Each share of Class B Common Stock will convert automatically into Class A Common Stock upon (a) nine months following the death of the reporting person, or (b) any transfer except certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) the first trading day falling nine months after the date on which the shares of Class B Common Stock represent less than 10% of the aggregate number of outstanding shares of Class A Common Stock and Class B Common Stock, (ii) the date specified by the vote of the holders of Class B Common Stock representing at least a majority of the outstanding shares of Class B Common Stock, or (iii) the first trading day falling ten years after the Effective Time as defined in the Issuer's amended and restated certificate of incorporation.