Fastly, Inc. — Director's Dealing 2021

Jul 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fastly, Inc. (FSLY)
CIK: 0001517413
Period of Report: 2021-07-15

Reporting Person: Lares Adriel G (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-15	Class A Common Stock	M	5000	—	Acquired	184471	Direct
2021-07-15	Class A Common Stock	S	5000	$50	Disposed	179471	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-12	Employee Stock Option (Right to Buy)	$2.36	J	570248	Disposed	2026-07-11	Class B Common Stock (570248.0)	Direct
2021-07-12	Employee Stock Option (Right to Buy)	$2.36	J	570248	Acquired	2026-07-11	Class A Common Stock (570248.0)	Direct
2021-07-15	Employee Stock Option (Right to Buy)	$2.36	M	5000	Disposed	2026-07-11	Class A Common Stock (5000.0)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: 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.

F3: In connection with the automatic conversion described in footnote (2), 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.

F4: The stock option vested and became exercisable as to 25% of the shares subject to the option on May 16, 2017, 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.