Fastly, Inc. (NYSE:FSLY) Chief Technology Officer Artur Bergman completed the sale of 20,000 shares of Class A Common Stock on February 2, 2026, according to a Securities and Exchange Commission filing. The disposition generated $187,200, based on a weighted average sale price of $9.36 per share.
The SEC filing shows the shares were sold across multiple transactions, with execution prices ranging from $9.11 to $9.52. The trades were carried out pursuant to a Rule 10b5-1 trading plan that Bergman adopted on June 3, 2025.
Following the February 2 transactions, Bergman’s direct holdings in Fastly total 2,550,579 shares of Class A Common Stock. The filing also details indirect holdings attributed to Bergman through a series of trusts, with the following holdings reported:
- The Per Artur Bergman Revocable Trust - 2,500,558 shares
- The Artur Bergman Remainder Trust One DTD 5/2/2019 - 840,005 shares
- The Artur Bergman Remainder Trust Three DTD 5/2/2019 - 109,686 shares
- The Per Artur Bergman Grantor Retained Annuity Trust No. 3 - 50,481 shares
- The Per Artur Bergman Grantor Retained Annuity Trust No. 4 - 792,998 shares
- The PAB 2021 Remainder Trust - 156,521 shares
In a separate set of corporate developments disclosed by the company, Fastly has priced $160 million in 0% convertible senior notes due in 2030. That amount represents an increase from a previously announced $125 million. Fastly has provided initial purchasers with an option to buy up to an additional $20 million in notes. The offering is scheduled to mature on December 15, 2030, and the company expects settlement of the issuance on December 9, 2025.
Fastly also intends to transfer its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The company expects trading on the Nasdaq Global Select Market to begin around December 9, 2025.
On the equity research front, KeyBanc recently raised its rating on Fastly’s shares from Sector Weight to Overweight. The upgrade followed meetings with the company’s new chief financial officer and head of investor relations, which the firm described as leaving a positive impression. KeyBanc set a price target of $14.00 as part of the upgrade.
These items - the insider sale, the increased convertible notes offering with an additional purchasers' option, and the planned exchange transfer - were disclosed in company filings and announcements. They form part of Fastly’s contemporaneous corporate activity and investor communications.
Summary
Fastly CTO Artur Bergman sold 20,000 Class A shares on February 2, 2026, for a total of $187,200 under a Rule 10b5-1 plan adopted June 3, 2025. Bergman’s direct and indirect holdings are detailed across multiple trusts. Separately, Fastly priced $160 million in 0% convertible senior notes due 2030, with an option for up to $20 million more, expects settlement on December 9, 2025, and plans to transfer its listing to the Nasdaq Global Select Market with trading anticipated around the same date. KeyBanc upgraded the stock to Overweight with a $14.00 target following meetings with Fastly’s new finance and investor relations leadership.
Key points
- Insider transaction - Fastly CTO sold 20,000 Class A shares at a weighted average price of $9.36, totaling $187,200; sale executed under a Rule 10b5-1 plan.
- Corporate financing - Fastly priced $160 million of 0% convertible senior notes due 2030 and provided an initial purchasers' option for up to an additional $20 million; settlement expected December 9, 2025.
- Listing transition and analyst action - Fastly plans to move its listing to the Nasdaq Global Select Market with trading expected around December 9, 2025, and KeyBanc upgraded the stock to Overweight with a $14.00 price target.
Risks and uncertainties
- The final size of the convertible notes issuance could increase by up to $20 million if initial purchasers exercise their option - a change disclosed by the company.
- Timing around the exchange transfer and the start of Nasdaq trading is stated as anticipated to begin around December 9, 2025, indicating a planned date rather than an absolute guarantee.
- The settlement of the convertible notes issuance is expected on December 9, 2025, a specific timing that the company has identified but that remains an event to occur.