Fastly CTO Artur Bergman Sells 8,960 Shares for $203,571
Key Points
The transaction involved 8,960 shares for a total value of ~$204,000 based on a weighted average price of $22.72 on September 9, 2026.
The transaction size was equal to 0.16% of the equity holdings held before the filing.
The shares were sold indirectly through The Per Artur Bergman Revocable Trust, while the insider maintains separate positions in five additional trusts.
This was a plan-driven liquidity event executed under a Rule 10b5-1 trading plan.
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Artur Bergman, Chief Technology Officer of Fastly, Inc. (NASDAQ:FSLY), disclosed a sale of 8,960 shares of Class A Common Stock on September 9, 2026. SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $203,571 |
| Shares sold | 8,960 |
| Post-transaction shares (directly held) | ~1.9 million |
| Post-transaction shares (indirectly held) | ~3.6 million |
| Post-transaction value | $124.4 million |
Transaction value based on SEC Form 4 weighted average sale price ($22.72); post-transaction value based on Sept. 09, 2026 market close ($22.71).
Key questions
- What was the execution context for this disposal?
The transaction was executed under a Rule 10b5-1 trading plan that Bergman adopted on June 4, 2026. These plans allow insiders to schedule trades in advance to manage personal financial goals independently of current market conditions or material non-public information. - How significant is the remaining equity position?
Following the sale, Bergman maintains a substantial interest in Fastly, representing a 3% ownership stake. His total beneficial ownership includes ~1.9 million shares held directly and ~3.6 million shares held indirectly through various trusts. - Which entities hold the remaining indirect shares?
The insider's indirect holdings are distributed among The Per Artur Bergman Revocable Trust, The Artur Bergman Remainder Trust One, The Artur Bergman Remainder Trust Three, The PAB 2021 Remainder Trust, and The Per Artur Bergman Grantor Retained Annuity Trusts No. 4 and No. 5. - What has the stock's performance been leading up to this trade?
The stock had a one-year total return of 197% as of the September 9, 2026 transaction date. As of the September 11, 2026 market close, shares were priced at $23.16.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-11) | $23.16 |
| Market Capitalization | $3.6 billion |
| Revenue (TTM) | $687.2 million |
| Net Income (TTM) | -$81.1 million |
Company Snapshot
- Fastly provides an advanced edge cloud computing platform that enables developers to build, secure, and rapidly deliver digital experiences at the internet's edge, generating revenue through subscription-based access to its Infrastructure as a Service (IaaS) platform.
- The company operates a software-as-a-service business model, monetizing its global edge network infrastructure through usage-based and subscription pricing tiers that serve enterprises requiring high-performance content delivery and application acceleration.
- Fastly's primary customers include digital enterprises, media companies, and software developers across North America, Europe, and the Asia Pacific region that require real-time content delivery, security, and application performance optimization.
Fastly operates a specialized edge cloud infrastructure platform serving global enterprises with a market capitalization of $3.6 billion and TTM revenue of $687.2 million. The company differentiates itself through its highly customizable edge computing architecture, enabling customers to deploy applications and security services closer to end-users for reduced latency and enhanced performance. With 1,140 employees and presence across major geographic markets, Fastly competes in the infrastructure software segment by offering developers and enterprises a differentiated alternative to traditional content delivery networks through its purpose-built edge cloud platform.
What this transaction means for investors
In selling Fastly stock, Artur Bergman more than likely made the sale for personal reasons. He initiated it under the Rule 10b5-1 framework in June, meaning Bergman planned it well in advance.
Moreover, it amounted to only about 3% of his shares in the SaaS stock, a low level that confirms the sale was most likely a liquidity event. Also, it posted a 197% gain over the last year, logging its best performance since the stock's massive decline in 2022. That probably made now an opportune time for such a sale.
The sale also comes at a time when AI has driven a rise in demand for edge computing. Consequently, revenue in the first half of 2026 was $356 million, up 22% from year-ago levels. Moreover, although it lost about $36 million during that period, it now generates positive free cash flow.
Finally, even with the rising stock price, it trades at a price-to-sales (P/S) ratio of 5, which may explain why Bergman has held fast to most of his Fastly stock.
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Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fastly. The Motley Fool has a disclosure policy.
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