Fastly, Inc. — Director's Dealing 2021

Jul 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fastly, Inc. (FSLY)
CIK: 0001517413
Period of Report: 2021-07-12

Reporting Person: PAISLEY CHRISTOPHER B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-12	Class A Common Stock	C	104000	—	Acquired	110974	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-12	Class B Common Stock	$	C	104000	Disposed		Class A Common Stock (104000)	Direct
2021-07-12	Director Stock Option (Right to Buy)	$4.44	J	104838	Disposed	2028-07-30	Class B Common Stock (104838)	Direct
2021-07-12	Director Stock Option (Right to Buy)	$4.44	J	104838	Acquired	2028-07-30	Class A Common Stock (104838)	Direct

Footnotes

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.