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LARES ADRIEL G
Date Filed :
Mar 23, 2020
View Exhibits
X0306
4
2020-03-19
0
0001517413
Fastly, Inc.
FSLY
0001416050
Lares Adriel G
C/O FASTLY, INC.
475 BRANNAN STREET, SUITE 300
SAN FRANCISCO
CA
94107
0
1
0
0
Chief Financial Officer
Class A Common Stock
2020-03-19
4
C
0
4000
0.00
A
99098
D
Class A Common Stock
2020-03-19
4
S
0
4000
16.00
D
95098
D
Employee Stock Option (Right to Buy)
2.36
2020-03-19
4
M
0
4000
0.00
D
2026-07-11
Class B Common Stock
4000
703248
D
Class B Common Stock
2.36
2020-03-19
4
M
0
4000
0.00
A
Class A Common Stock
4000
4000
D
Class B Common Stock
2020-03-19
4
C
0
4000
0.00
D
Class A Common Stock
4000
0
D
Each share of Class B Common Stock converted into Class A Common Stock upon the election of the reporting person.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
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.
Each share of Class B Common Stock will convert automatically into Class A Common Stock upon (a) the death of the reporting person, or (b) any transfer except certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) the first trading day falling nine months after the date on which the shares of Class B Common Stock represent less than 10% of the aggregate number of outstanding shares of Class A Common Stock and Class B Common Stock, (ii) the date specified by the vote of the holders of Class B Common Stock representing at least a majority of the outstanding shares of Class B Common Stock, or (iii) the first trading day falling ten years after the Effective Time as defined in the Issuer's amended and restated certificate of incorporation.
/s/ Seth Gottlieb, Attorney-in-Fact
2020-03-23
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