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

Role
General Counsel
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, 09:18 PM
Previous filing
May 20, 2021
Next filing
Aug 19, 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 +292K +117.2% 541K 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 -292K -100% $0.00* 0 Jul 12, 2021 Class A Common Stock 292K Direct F1
transaction FSLY Employee Stock Option (Right to Buy) Other $0 -43.7K -100% $0.00* 0 Jul 12, 2021 Class B Common Stock 43.7K $7.50 Direct F2, F3
transaction FSLY Employee Stock Option (Right to Buy) Other $0 +43.7K $0.00 43.5K Jul 12, 2021 Class A Common Stock 43.7K $7.50 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 January 19, 2019, 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.