secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001517413-21-000128
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastly converts all Class B common stock to Class A, eliminating dual-class voting structure
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- All outstanding Class B shares (10 votes each) automatically converted to Class A shares (1 vote each) on July 12, 2021.
- Authorized capital reduced from 1,104,129,050 to 1,014,191,275 shares; Class B shares retired and no further issuance.
- Conversion triggered by Class B shares falling below 10% of total outstanding Class A and Class B shares.
- Economic interests unchanged; total issued and outstanding shares unchanged (one-for-one conversion).
- Class A common stock continues to trade as 'FSLY' with same CUSIP; shareholder rights modified.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741321000128/0001517413-21-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741321000128/fsly-20210712.htm
  HTML page:      https://secwatch.observer/filing/0001517413-21-000128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer