Form 4 for FSLY Fastly, Inc.

Accepted 2022-09-06 00:00:00 ET · period of report 2022-09-06 · accession 0001517413-22-000141 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-09-06	2022-09-06	FSLY	Nightingale Todd	CEO, Dir	A - Grant	$0.00	+1.30M	1.30M	New	$0
D	2022-09-06	2022-09-06	FSLY	Nightingale Todd	CEO, Dir	A - Grant	$0.00	+1.30M	1.30M	New	$0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2022-09-06	A	A	1,304,347	$0.00	1,304,347	D	—	—	(F1) 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. 100% of the RSUs are initially subject to vesting over a period of four years. 40% of the RSUs vest in four equal quarterly installments for one year, thereafter 30% of the RSUs vest in four equal quarterly installments for one year, thereafter 20% of the RSUs vest in four equal quarterly installments for one year, and thereafter the remaining 10% of the RSUs vest in four equal quarterly installments for one year, in each case subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
2	Derivative	Performance rights	2022-09-06	A	A	1,304,347	$0.00	1,304,347	D	— · — to —	1,304,347 Class A Common Stock	(F3) 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 the grant date, 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 the grant date, 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. (F2) The shares are represented by performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 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 the grant date, 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 the grant date, including if the performance condition is satisfied before such date);