- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2021-07-19 18:07:08
- Reporting Period:
- Accepted Time:
- 2021-07-19 18:07:08
- SEC Url:
- Form 4 Filing
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1416050||G Adriel Lares||C/o Fastly, Inc. |
475 Brannan Street, Suite 300
San Francisco CA 94107
|Chief Financial Officer||No||Yes||No||No|
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Class A Common Stock||Acquisiton||2021-07-15||5,000||$0.00||184,471||No||4||M||Direct|
|Class A Common Stock||Disposition||2021-07-15||5,000||$50.00||179,471||No||4||S||Direct|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
Reported Derivative Transactions
|Sec. Name||Sec. Type||Acquisiton - Disposition||Date||Amount||Price||Amount - 2||Price - 2|
|Class B Common Stock||Employee Stock Option (Right to Buy)||Disposition||2021-07-12||570,248||$0.00||570,248||$2.36|
|Class A Common Stock||Employee Stock Option (Right to Buy)||Acquisiton||2021-07-12||570,248||$0.00||570,248||$2.36|
|Class A Common Stock||Employee Stock Option (Right to Buy)||Disposition||2021-07-15||5,000||$0.00||5,000||$2.36|
|Remaning Holdings||Exercise Date||Expiration Date||Equity Swap Involved||Transaction Form Type||Transaction Code||Nature of Ownership|
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- On October 12, 2020, the Issuer's outstanding shares of Class B Common Stock represented less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock. As a result, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Issuer's amended and restated certificate of incorporation, as amended on July 12, 2021.
- In connection with the automatic conversion described in footnote (2), outstanding Class B Common Stock options that were issued under the Issuer's 2011 Equity Incentive Plan remain unchanged, except that the underlying shares are now Class A Common Stock.
- The stock option vested and became exercisable as to 25% of the shares subject to the option on May 16, 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.