Filing Details

Accession Number:
0001517413-23-000337
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-11-17 17:07:01
Reporting Period:
2023-11-15
Accepted Time:
2023-11-17 17:07:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1517413 Fastly Inc. FSLY Services-Prepackaged Software (7372) 275411834
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1944844 Todd Nightingale C/O Fastly, Inc.
475 Brannan Street, Suite 300
San Francisco CA 94107
Ceo Yes 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 2023-11-15 326,086 $0.00 1,655,326 No 4 M Direct
Class A Common Stock Disposition 2023-11-16 233,270 $16.24 1,422,056 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Performance rights Disposition 2023-11-15 326,086 $0.00 326,086 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
978,261 No 4 M Direct
Footnotes
  1. Reflects the conversion of previously granted performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 326,086 of the 1,304,347 PRSUs vested based on the achievement of a performance condition (Issuer's Class A Common Stock achieving a sixty-day consecutive trailing average closing price of $17.25 per share).
  2. Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units and PRSUs.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.12 to $16.31. 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 ranges set forth in footnote (3) to this Form 4.
  4. One fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $17.25 per share (with the earliest such vesting date being the first quarterly vesting date after the first anniversary of September 6, 2022, including if the performance condition is satisfied before such date); one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $23.00 per share (with the earliest such vesting date being the first quarterly vesting date after the second anniversary of September 6, 2022, including if the performance condition is satisfied before such date);
  5. one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $34.50 per share (with the earliest such vesting date being the first quarterly vesting date after the third anniversary of September 6, 2022, including if the performance condition is satisfied before such date); one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $46.00 per share (with the earliest such vesting date being the first quarterly vesting date after the fourth anniversary of September 6, 2022, including if the performance condition is satisfied before such date). Any unvested tranche will be forfeited if the applicable market price is not achieved on or before September 6, 2027.
  6. Represents the maximum number of shares remaining that may be issued pursuant to the PRSUs.