Artur Bergman, chief technology officer of Fastly, Inc. (NASDAQ:FSLY), sold 33,579 shares of Class A common stock on September 14 and 15, according to a filing on SEC Form 4.
The transaction was valued at $825,000. The filing shows a weighted average sale price of $24.57 per share, while the stock closed at $24.30 on September 15.
After the sale, Bergman still held a sizeable stake in the company. His directly held position stood at 1,896,249 shares, while indirect holdings totaled 3,546,897 shares. Based on the September 15 closing price, the post-transaction value of those holdings was about $132.27 million.
The report noted that the sale was not a discretionary trade tied to short-term market timing. It was executed under a Rule 10b5-1 trading plan adopted several months earlier, a mechanism that allows corporate insiders to pre-arrange stock sales and reduce concerns about trading while in possession of material non-public information.
Even after the transaction, Bergman’s total beneficial ownership changed by less than 1%, as he continues to control more than 5.4 million shares through direct and indirect accounts. The indirect holdings are spread across several trusts in which he serves as trustee, settlor, or investment advisor, including The Per Artur Bergman Revocable Trust, two Artur Bergman Remainder Trusts, the PAB 2021 Remainder Trust, and two Per Artur Bergman Grantor Retained Annuity Trusts.
Share performance and company metrics
By the time of the transaction, Fastly shares had gained 177% over the previous 12 months. As of the market close on September 16, 2026, the stock was trading at $23.54, giving the company a market capitalization of $3.9 billion.
Fastly reported trailing 12-month revenue of $687.2 million and net income of -$81.1 million. At the same time, the company posted record second-quarter revenue of $183.3 million, up 23% year over year.
Fastly operates in edge cloud infrastructure, offering a platform that helps developers build, secure, and deliver digital services at the edge of the internet. Its core revenue comes from Infrastructure as a Service (IaaS) offerings across North America, Asia Pacific, Europe, and other international markets.
According to the article, the company has also benefited from the surge in online traffic linked to the artificial intelligence boom. Fastly has been rolling out tools to help organizations manage AI usage and the added load created by new AI agents scraping websites for information. The article says AI traffic is growing more than six times faster than human traffic.
The piece also notes that Fastly was not included in The Motley Fool’s latest list of 10 stocks that its analysts currently consider the best buys for investors.
