AI assistant
Fastly, Inc. — Major Shareholding Notification 2019
May 21, 2019
32048_mrq_2019-05-21_169ecb25-04fd-4e26-a60f-6707bd8fcbe4.zip
Major Shareholding Notification
Open in viewerOpens in your device viewer
SC 13G 1 s13g_052119-fastly.htm SCHEDULE S13G BY ABDIEL QUALIFIED MASTER FUND FOR FASTLY, INC. Licensed to: Dp02199! Document created using EDGARfilings PROfile 5.0.0.0 Copyright 1995 - 2019 Broadridge PROfilePageNumberReset%Num%1%%%
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___)* |
|---|
| Fastly, Inc. |
| (Name of Issuer) |
| Class A Common Stock |
| (Title of Class of Securities) |
| 31188V100 |
| (CUSIP Number) |
| May 21, 2019 |
| Date of Event Which Requires Filing of this Statement |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
- The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1
CUSIP NO. 31188V100
| 1 — 2 | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |
|---|---|---|
| 3 | SEC USE ONLY | |
| 4 | Citizenship or Place of Organization Cayman Islands | |
| NUMBER OF | 5 | SOLE VOTING POWER 0 |
| SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 1,795,220 |
| EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 |
| WITH | 8 | SHARED DISPOSITIVE POWER 1,795,220 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED 1,795,220 | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.0 % * | |
| 12 | TYPE OF REPORTING PERSON PN |
- Based on 11,250,000 shares of Class A Common Stock outstanding as of May 21, 2019 upon the closing of the Issuer’s initial public offering (without giving effect to the underwriters’ option to purchase additional shares), as reported in the Issuer’s Final Prospectus on Form 424B4 dated May 16, 2019 and filed with the Securities and Exchange Commission on May 17, 2019.
2
CUSIP NO. 31188V100
| 1 — 2 | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |
|---|---|---|
| 3 | SEC USE ONLY | |
| 4 | Citizenship or Place of Organization Delaware | |
| NUMBER OF | 5 | SOLE VOTING POWER 0 |
| SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 54,780 |
| EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 |
| WITH | 8 | SHARED DISPOSITIVE POWER 54,780 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED 54,780 | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.5 % * | |
| 12 | TYPE OF REPORTING PERSON PN |
- Based on 11,250,000 shares of Class A Common Stock outstanding as of May 21, 2019 upon the closing of the Issuer’s initial public offering (without giving effect to the underwriters’ option to purchase additional shares), as reported in the Issuer’s Final Prospectus on Form 424B4 dated May 16, 2019 and filed with the Securities and Exchange Commission on May 17, 2019.
3
CUSIP NO. 31188V100
| 1 — 2 | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |
|---|---|---|
| 3 | SEC USE ONLY | |
| 4 | Citizenship or Place of Organization Delaware | |
| NUMBER OF | 5 | SOLE VOTING POWER 0 |
| SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 1,850,000 * |
| EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 |
| WITH | 8 | SHARED DISPOSITIVE POWER 1,850,000 * |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED 1,850,000 * | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.4% ** | |
| 12 | TYPE OF REPORTING PERSON OO |
- Consists of 1,795,220 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 54,780 shares of Common Stock held by Abdiel Capital, LP.
** Based on 11,250,000 shares of Class A Common Stock outstanding as of May 21, 2019 upon the closing of the Issuer’s initial public offering (without giving effect to the underwriters’ option to purchase additional shares), as reported in the Issuer’s Final Prospectus on Form 424B4 dated May 16, 2019 and filed with the Securities and Exchange Commission on May 17, 2019.
4
CUSIP NO. 31188V100
| 1 — 2 | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |
|---|---|---|
| 3 | SEC USE ONLY | |
| 4 | Citizenship or Place of Organization Delaware | |
| NUMBER OF | 5 | SOLE VOTING POWER 0 |
| SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 1,850,000 * |
| EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 |
| WITH | 8 | SHARED DISPOSITIVE POWER 1,850,000 * |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED 1,850,000 * | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.4% ** | |
| 12 | TYPE OF REPORTING PERSON PN, IA |
- Consists of 1,795,220 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 54,780 shares of Common Stock held by Abdiel Capital, LP.
** Based on 11,250,000 shares of Class A Common Stock outstanding as of May 21, 2019 upon the closing of the Issuer’s initial public offering (without giving effect to the underwriters’ option to purchase additional shares), as reported in the Issuer’s Final Prospectus on Form 424B4 dated May 16, 2019 and filed with the Securities and Exchange Commission on May 17, 2019.
5
CUSIP NO. 31188V100
| 1 — 2 | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |
|---|---|---|
| 3 | SEC USE ONLY | |
| 4 | Citizenship or Place of Organization United States | |
| NUMBER OF | 5 | SOLE VOTING POWER 0 |
| SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 1,850,000 * |
| EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 |
| WITH | 8 | SHARED DISPOSITIVE POWER 1,850,000 * |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED 1,850,000 * | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.4% ** | |
| 12 | TYPE OF REPORTING PERSON IN |
- Consists of 1,795,220 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 54,780 shares of Common Stock held by Abdiel Capital, LP.
** Based on 11,250,000 shares of Class A Common Stock outstanding as of May 21, 2019 upon the closing of the Issuer’s initial public offering (without giving effect to the underwriters’ option to purchase additional shares), as reported in the Issuer’s Final Prospectus on Form 424B4 dated May 16, 2019 and filed with the Securities and Exchange Commission on May 17, 2019.
6
CUSIP NO. 31188V100
SCHEDULE 13G
| Item 1(a) | Name of Issuer: Fastly, Inc. |
|---|---|
| Item 1(b) | Address of Issuer’s Principal Executive Offices: 475 Brannan Street, Suite 300, San Francisco, CA 94107 |
| Item 2(a) | Name of Persons Filing: Abdiel Qualified Master Fund, LP Abdiel Capital, LP Abdiel Capital Management, LLC Abdiel Capital Advisors, LP Colin T. Moran |
| Item 2(b) | Address of Principal Business Office, or if None, Residence: 90 Park Avenue, 29 th Floor, New York, NY 10016 |
| Item 2(c) | Citizenship: Abdiel Qualified Master Fund, LP – Cayman Islands Abdiel Capital, LP - Delaware Abdiel Capital Management, LLC - Delaware Abdiel Capital Advisors, LP - Delaware Colin T. Moran – United States |
| Item 2(d) | Title of Class of Securities: Class A Common Stock |
| Item 2(e) | CUSIP Number: 31188V100 |
| Item 3 | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is: Not Applicable. |
| Item 4 | Ownership: (a) through (c): The information requested herein is incorporated by reference to the cover pages to this Schedule 13G. Abdiel Capital Management, LLC and Abdiel Capital Advisors, LP serve as the general partner and the investment manager, respectively, of
Abdiel Qualified Master Fund, LP and Abdiel Capital, LP. Colin T. Moran serves as managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which serves as the general partner of Abdiel Capital Advisors, LP. Each
of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein. |
| --- | --- |
| Item 5 | Ownership of Five Percent or Less of the Class: Not Applicable. |
| Item 6 | Ownership of More Than Five Percent on Behalf of Another Person: Not Applicable. |
| Item 7 | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable. |
| Item 8 | Identification and Classification of Members of the Group: Not Applicable. |
| Item 9 | Notice of Dissolution of Group: Not Applicable. |
| Item 10 | Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or
effect. |
7
CUSIP NO. 31188V100
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: May 21, 2019
| ABDIEL QUALIFIED MASTER FUND, LP | |
|---|---|
| By: | Abdiel Capital Management, LLC, |
| its General Partner | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| ABDIEL CAPITAL, LP | |
| By: | Abdiel Capital Management, LLC, |
| its General Partner | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| ABDIEL CAPITAL MANAGEMENT, LLC | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| ABDIEL CAPITAL ADVISORS, LP | |
| By: | Abdiel Capital Partners, LLC, |
| its General Partner | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| COLIN T. MORAN | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Individually |
8
CUSIP NO. 31188V100
EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G to which this Agreement is annexed as Exhibit 1, and any amendments thereto, is and will be filed on behalf of each of them in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Date: May 21, 2019
| ABDIEL QUALIFIED MASTER FUND, LP | |
|---|---|
| By: | Abdiel Capital Management, LLC, |
| its General Partner | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| ABDIEL CAPITAL, LP | |
| By: | Abdiel Capital Management, LLC, |
| its General Partner | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| ABDIEL CAPITAL MANAGEMENT, LLC | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| ABDIEL CAPITAL ADVISORS, LP | |
| By: | Abdiel Capital Partners, LLC, |
| its General Partner | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Managing Member | |
| COLIN T. MORAN | |
| By: | /s/ Colin T. Moran |
| Colin T. Moran, Individually |
9