Christopher Paisley - Jul 12, 2021 Form 4 Insider Report for Fastly, Inc. (FSLY)

Role: Director
Signature: /s/ Seth Gottlieb, Attorney-in-Fact
Stock symbol: FSLY
Transactions as of: Jul 12, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/12/2021, 09:14 PM
Previous filing: Jun 23, 2021
Next filing: Aug 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FSLY	Class A Common Stock	Conversion of derivative security		+104K	+1491.25%		111K	Jul 12, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FSLY	Class B Common Stock	Conversion of derivative security	$0	-104K	-100%	$0.00^*	0	Jul 12, 2021	Class A Common Stock	104K		Direct	F1
transaction	FSLY	Director Stock Option (Right to Buy)	Other	$0	-105K	-100%	$0.00^*	0	Jul 12, 2021	Class B Common Stock	105K	$4.44	Direct	F2, F3
transaction	FSLY	Director Stock Option (Right to Buy)	Other	$0	+105K		$0.00	105K	Jul 12, 2021	Class A Common Stock	105K	$4.44	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	In connection with the automatic conversion described in footnote (1), 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.
F3	1/48th of the stock option vested and became exercisable on August 31, 2018, 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.