InsiderTrades

Form 4 for FSLY Fastly, Inc.

Accepted 2023-11-17 00:00:00 ET · period of report 2023-11-15 · accession 0001517413-23-000337 · 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 2023-11-17 2023-11-15 FSLY Nightingale Todd CEO, Dir M - OptEx — +326.1K 1.66M +25% —
D 2023-11-17 2023-11-16 FSLY Nightingale Todd CEO, Dir S - Sale+OE $16.24 -233.3K 1.42M -14% -$3.79M
D 2023-11-17 2023-11-15 FSLY Nightingale Todd CEO, Dir M - OptEx $0.00 -326.1K 978.3K -25% $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A Common Stock 2023-11-15 M A 326,086 — 1,655,326 D — — (F1) 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 Common Class A Common Stock 2023-11-16 S D 233,270 $16.24 1,422,056 D — — (F3) 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.
3 Derivative Performance rights 2023-11-15 M D 326,086 $0.00 978,261 D — · — to — 326,086 Class A Common Stock (F6) Represents the maximum number of shares remaining that may be issued pursuant to the PRSUs. (F1) 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). (F5) 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. (F4) 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);